Republican lawmakers who oppose abortion are investing in companies that support it.
Rep. Marjorie Taylor Greene has 6-figure shares in companies that support abortion.
Some anti-abortion rights groups want these lawmakers to unload their investments.
Dozens of Republican lawmakers excited about overturning Roe v. Wade by the Supreme Court, together they have millions of dollars personally invested in companies pledged to sponsor abortion-related travel for your employeeshas found an Insider investigation.
And at least two national anti-abortion groups told Insider that like-minded lawmakers should consider ditching their shares in companies that will facilitate abortions for their employees.
Among the anti-abortion lawmakers most vocal about investing in pro-choice businesses is Rep. Marjorie Taylor Greene, a Georgia Republican whose financial exposure to pro-choice businesses is substantial.
Together, Greene, her husband, Perry Greene, and their children may have more than half a million dollars invested in companies that fund abortion trips, according to an annual financial disclosure document. Greene introduced in May with the US House of Representatives.
The Greens’ investments include up to $110,000 in Tesla, up to $65,000 in Starbucks, up to $50,000 in Microsoft, up to $65,000 in Facebook, up to $50,000 in Netflix, up to $67,000 in Disney, up to $95,000 in Back of America and up to $50,000 at JP Morgan Chase.
Since joining Congress in 2021, Greene has had no qualms about invest in companies that openly conflict with their positions on various social, political, or medical issues, such as when bought shares in three major COVID-19 vaccine makers while bragging about his unvaccinated status.
Perry Greene last month bought up to $295,000 worth of stock at companies that institutionally support the Black Lives Matter movement and LGBTQ+ rights, which the Georgia Republican has vehemently opposed.
Greene, who accredited Donald Trump with planting the high court with anti-abortion judges, did not respond to repeated requests for comment on possible plans to sell. He previously told Insider that he has an “independent investment adviser who has full discretionary authority over my accounts. He doesn’t run any trades.”
Capitol packed with investors backing abortion
The latest financial hypocrisy of Congress stems from the decision of the conservative majority of the Supreme Court of annul Roe v. Wade on June 24, a momentous change that drew pushback from concerned Democrats and like-minded corporations.
With right-leaning states racing to criminalize abortion, abortion providers, and anyone seeking an abortion in locations where it remains legal, a large number of known businesses they are committed to helping workers pay for out-of-state care.
Among them: Microsoft, GoogleY Facebookentertainment centers walt-disney, NetflixY Amazonfinancial institutions fargo wells, Bank of AmericaY JPMorgan Chaseas well as family names like Tesla Y Starbucks. Insider cross-referenced these and other abortion travel funding companies with the stock holdings that members of Congress list in their annual financial disclosures and periodic stock disclosures.
Repeat offender of the STOCK Act Y abortion advocate Rep. Pete Sessions of Texas may be nearly $1 million deep in the pro-abortion camp according to his annual financial report 2021. That filing shows that he and his wife have invested up to $100,000 in Starbucks, up to $345,000 in Microsoft, up to $250,000 in Facebook and up to $265,000 in Amazon. (Lawmakers are only required to report the value of their assets in broad ranges.)
Sessions did not respond to repeated requests for comment about his finances.
Representative Diana Harshbarger of Tennessee, who he previously told Insider that he outsourced his portfolio to a financial plannerYou have until August to file your 2021 annual report after requesting an extension. If his 2020 filings hold true, Harshbarger could have nearly $700,000 attached to abortion-friendly businesses, including up to $215,000 at Microsoft, up to $115,000 at Facebook, up to $145,000 at Google, up to $115,000 at Amazon and up to $65,000 at Bank of America.
Harshbarger did not respond to repeated requests for comment about his finances.
Representative Carol Miller of West Virginia, who acclaimed the disembowelment of Roe as “a great victory for all Americans”, also you have until august to file her 2021 annual report. In her 2020 filings, Miller disclosed that her husband owned up to $250,000 in Microsoft stock.
Miller’s spokesman, Tatum Wallace, declined to comment on the divestment plans, but did offer Insider a glimpse of how a Republican majority might criticize corporate America for it if they regain control of Congress this fall.
“Paying to have someone terminate a pregnancy strikes me as a very taxable event,” Wallace wrote in an email. “Congresswoman Miller is confident that in the coming year, Republicans will look at ways to update the tax code to support life and address this comprehensively.”
Dozens of Democrats in Congress, including House Speaker Nancy Pelosi, whose husband, Paul Pelosi, who operates on the day routinely moves millions of dollars through the markets, Also invest in companies that sponsor abortion tours.
But these Democrats almost universally support abortion rights, while their Republican counterparts have almost always fought to restrict or undo abortion rights.
Across the Capitol, several Republican senators who publicly oppose abortion rights appear to have similar conflicts in their financial portfolios.
Among them is Senator Tommy Tuberville of Alabama, who describes himself as a “champion of God-given rights to the unborn”, yet he personally invests in several such companies.
From May 19 to 20, Tuberville bought between $300,000 and $600,000 worth of stock in PayPal, according to federal disclosures.
May 19 PayPal announced — in anticipation of the Supreme Court overturning Roe v. Wade — which would fund employee travel out of state to access abortions.
The Tuberville office declined to say whether the senator will sell shares in companies that fund employee travel for abortions. In a statement, his office said, “Senator Tuberville has long had financial advisers who actively manage his portfolio without his day-to-day involvement.”
Senator Jerry Moran of Kansas reported stock investments of $1,000 to $15,000 each in shares of Amazon, CVS Health, Johnson & Johnson, Meta Platforms and Bank of America.
“Life is precious and deserves our respect and protection,” Moran has said of his opposition to abortion. “I have used my voice and vote to advance the cause of life and defend unborn children.”
Senator Roger Wicker of Mississippi, who promotes his “long record of defending the sanctity of life,” reported that he owned $50,000 to $100,000 worth of stock in Amazon.com, which he said pay up to $4,000 in travel expenses each year for employees to obtain medical treatment, including abortions.
Sen. John Boozman of Arkansas, a self-described “consistent and staunch advocate for the cause of protecting babies in the womb,” reported modest stock investments in Johnson & Johnson, Bank of America, JPMorgan Chase and the Walt Disney Company.
Sen. Cynthia Lummis of Wyoming, who said she is “grateful for this pro-life decision” from the Supreme Court, owns between $15,000 and $50,000 in Walt Disney Co. stock and $1,000 to $15,000 in Microsoft stock, according to her latest report. recent. personal financial disclosure.
Representatives for Moran, Wicker, Boozman and Lummis did not respond to requests for comment.
‘Avoid companies that promote abortion’
Members of Congress who oppose abortion should ditch any stock they own in companies that fund abortion trips and make “a public divestment announcement,” said Eric Scheidler, executive director of the Pro-Life Action Leaguea nonprofit organization dedicated to “saving unborn children through nonviolent direct action.”
Lawmakers should “choose investments that fit their values — we all have to be more intentional about that,” Scheidler said.
He recommended that elected officials consider financial vehicles, such as mutual fund companies. Ave Maria Mutual Fundswho avoid investing in corporations that support abortion.
“We certainly think that pro-life people would want to avoid companies that promote abortion,” David O’Steen, executive director of the National Right to Life Committee, told Insider. “Maybe now they can look at companies that don’t make supporting abortion a priority.”
O’Steen added that anyone who opposes abortion, lawmakers or others, should avoid doing business with or sponsoring companies that support abortion.
“Avoid Disneyland,” he said.
Federal lawmakers are actively considering banning individual stock trading in part because of numerous examples of members of Congress personally investing in companies that conflict with their public duties or political positions.
Insider has recently revealed Defense-related investors are poised to benefit personally from a recent aid package to Ukraine., environmental advocates who invest in fossil fuel-based operationsY Supporters of pandemic relief invested in healthcare companies striving to make COVID-19 manageable.
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