Wednesday, October 30

Tag: Lobbyists

US senator accused of having ties to Apple after opposing stock trading in Congress
Technology

US senator accused of having ties to Apple after opposing stock trading in Congress

According to recent reports, a US legislator, notorious for his public stance against congressional stock trading, is potentially among the estimated 20% of Senate members who possess or seem to own substantial portions of Apple Inc's stock. As the controversy unravels, critics caution that such conflicts of interest could potentially obstruct significant legislation aimed at curbing the tech giant's allegedly anticompetitive activities. Sen. Jon Ossoff (D-Ga.), renowned for his public denouncement of his Republican rival David Perdue over personal stock trades during his victorious Senate campaign in 2020, has painted himself as a stalwart of the campaign to prohibit congressional stock trading. The legislator from Georgia is a co-sponsor of a bill that seeks to prevent members of Cong...