- Russia invaded Ukraine on February 24.
- That very same working day, GOP Rep. John Rutherford of Florida purchased inventory in Raytheon.
- Raytheon manufactures two of the missiles that US and NATO allies are sending to Ukraine.
Republican Rep. John Rutherford of Florida purchased up to $15,000 in stock in a important protection contractor on the same working day that Russia released a complete-scale invasion of Ukraine.
According to a financial disclosure produced community on Wednesday, Rutherford procured in between $1,000 and $15,000 truly worth of inventory in Raytheon corporation on February 24. The stock buy happened the exact same working day that Rutherford tweeted the US should really “depart nothing off the table” in countering Russia.
—Rep. John Rutherford (@RepRutherfordFL) February 24, 2022
Rutherford joins at least 18 other members of Congress who since 2020 have either held shares in Raytheon or Lockheed Martin — or equally — or recently traded inventory in these organizations. The lawmakers stand to personally earnings from the Russia-launched war at a time when President Joe Biden just signed into regulation a investing monthly bill with $6.5 billion in military services guidance to assist Ukraine during the crisis.
Rutherford sits on the Appropriations Committee which is in demand of federal federal government paying out. In that purpose he’s on the subcommittee for Homeland Protection as properly as the Military Design, Veterans Affairs, and Connected Companies subcommittee.
No regulation prohibits lawmakers from sitting on congressional committees, creating laws, or voting on charges that may well impact them fiscally. But some members of Congress and outside ethics business have said they feel it’s time to alter the law to ban associates from this kind of investments, declaring they current serious or perceived problems that raise inquiries about conflicts of curiosity.