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Senator Markwayne Mullin, a member of the Senate Armed Services Committee, has purchased stock in Parker-Hannifin ($PH), a company that produces aerospace parts for the military. This action has raised concerns about a potential conflict of interest, as Parker-Hannifin has been accused of overcharging the government in contracts. Mullin, who represents Oklahoma, faces scrutiny over this investment. The issue highlights broader concerns regarding members of Congress owning stocks in companies that do business with the federal government, particularly in the defense sector.
Why should members and their families own stocks in companies that do business with the federal govt? Especially if it is the business of war. https://t.co/Tls9fUZaPy
Congresspeople are allowed to trade stocks — and some of their S&P 500 picks do rather well. Luckily, there's a way to cash in on their good fortune, too. https://t.co/cLxAWkYf7G
.@EliClifton : allowing members of congress to own stocks in defense companies, or any other companies that do biz with the govt, while they are approving federal budgets, is kind of nuts. https://t.co/Tls9fUYD00