- Marjorie Taylor Greene bought up to $15,000 worth of Lockheed Martin stock two days before Russia invaded Ukraine.
- “War is big business for our leaders,” the MP tweeted two days later.
- “Add this to the list of reasons why members of Congress should never be allowed to trade stocks,” Omar said.
Republican Rep. Marjorie Taylor Greene of Georgia faces criticism after buying thousands of dollars worth of stock in a major defense contractor two days before Russia launched a full-scale invasion of Ukraine .
According to a financial disclosure released on MondayGreene bought between $1,000 and $15,000 worth of Lockheed Martin shares on February 22, two days before Russian President Vladimir Putin announced a full-scale military campaign against the sovereign nation.
the document also reveals thousands of dollars of investments Greene has made in Caterpillar, Chevron, Clorox, and NextEra Energy, among others.
“Add this to the list of reasons why members of Congress should never be allowed to trade stocks,” joked Democratic Representative Ilhan Omar of Minnesota on Twitter. Omar has been a frequent target of Greene, with the Georgia Republican repeatedly insinuating that the Minnesota Democrat, among the first Muslim women elected to Congress, is a terrorist. Greene also falsely claimed that Omar married his own brother.
—Ilhan Omar (@IlhanMN) March 7, 2022
Greene has repeatedly accused private for-profit companies of exacerbating violent conflict.
“War is big business for our leaders,” the MP said in a tweet thread after the start of the Russian invasion.
But Lockheed Martin, along with Raytheon, manufactures the Javelin anti-aircraft missile that Western countries supplied to the Ukrainian army to defend against the Russian invasion.
In a statement to Insider, Greene said his investment adviser made the transaction and presented Lockheed Martin as an “American company.”
“Our investment advisor has full discretion over our accounts,” Greene said. “We’ve owned this US company for years and this small investment was part of our overall investment strategy. It was purchased along with other companies like Clorox, Walgreens and Caterpillar to name a few.”
-Representing. Marjorie Taylor Greene (@RepMTG) February 24, 2022
Following Insider’s Conflicted Congress investigation – which found that dozens of lawmakers and nearly 200 senior congressional officials failed to disclose stock purchases in a timely manner in violation of federal law – the Momentum is building to ban lawmakers from trading stocks altogether.
Insider also revealed how several other lawmakers with jurisdiction over the military hold significant investments in war-related industries and businesses.
Omar co-sponsored both the TRUST in the law of Congress and the Humble act, two of a myriad of proposals that would ban the practice. The House Committee on Administration meets March 16 to explore reforms to stock trading in Congress.
Greene, who ranks among the most active stock traders in Congress, would not say whether she supports a stock trading ban for lawmakers.
Greene — an incendiary Republican congresswoman with a history of inflammatory remarks who was removed from committee duty and recently spoke at a white nationalist conference — has a pretty colorful stock trading history. For example, she has invested in companies that support the Black Lives Matter racial justice movement, despite claiming the movement poses “our county’s strongest terrorist threat.” She has also invested in COVID-19 vaccine makers despite refusing to get vaccinated herself.