Senator gets renewed scrutiny over stock sales

Ga. Sen. Kelly Loeffler's husband obtained stock in a protective equipment company as demand increased for such materials amid the COVID-19 pandemic. The transactions have drawn the scrutiny of critics.

By

National News

April 2, 2020 - 10:25 AM

Sen. Kelly Loeffler waits to speak during a news conference in the governor's office at the Georgia State Capitol Building in December. Georgia Gov. Brian Kemp appointed Loeffler to take the place of retiring Sen. Johnny Isakson. Photo by Alyssa Pointer - Atlanta Journal-Constitution - TNS

WASHINGTON (AP) — The husband of Georgia Sen. Kelly Loeffler recently acquired as much as $415,000 in stock in DuPont de Nemours, a chemical company that manufactures protective equipment in exceedingly high demand because of the coronavirus pandemic.

The transaction, detailed in a mandatory disclosure the Republican filed late Tuesday, comes as senators in both parties have faced questions about the stock transactions they made in the weeks before the coronavirus upended the U.S. economy, wiping out jobs and personal wealth.

Senate Intelligence Committee Chairman Richard Burr, R-N.C., whose sales of as much as $1.7 million in stocks have come under the most scrutiny, requested an ethics review of his actions in the days before markets dropped in February. The FBI has also contacted him about the sale. He has denied trading on inside information.

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