Dozens of Republican lawmakers elated by the Supreme Court’s overturning of Roe v. Wade personally invested millions of dollars in companies committed to sponsoring abortion-related travel for their employeesan insider investigation found.
And at least two national anti-abortion groups have told Insider that like-minded lawmakers should consider selling their shares in companies that will facilitate abortions for their employees.
Representative Marjorie Taylor Greene of Georgia, who is among the most vocal anti-abortion lawmakers, has invested significant funds in companies that publicly support abortion rights.
Together, Greene, her husband, Perry Greene, and their children may have invested more than half a million dollars in companies that have pledged to fund abortion travel for their employees, according to an annual financial disclosure document. . Greene filed in May with the United States House of Representatives.
The Greenes’ 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
up to $67,000 at Disney, up to $95,000 at Bank of America and up to $50,000 at JPMorgan Chase.
Since joining Congress in 2021, Greene has had no qualms about investing in companies that openly conflict with her positions on various social, political or medical issues, such as when she bought stock in three major COVID-19 vaccine makers while boasting of being unvaccinated. status.
Perry Greene last month bought up to $295,000 worth of stock in companies that institutionally support the Black Lives Matter movement and LGBTQ rights, which the Georgia Republican has vehemently opposed.
Greene, who has credited Donald Trump with staffing the High Court with anti-abortion judges, did not respond to repeated requests for comment on possible surrender plans. She previously told Insider that she has an “independent investment advisor who has full discretion over my accounts. I don’t direct any trades.”
Capitol Hill is full of abortion sponsor investors
Congress’ latest financial hypocrisy stems from the Supreme Court’s conservative majority decision to overturn Roe v. Wade on June 24, a momentous reversal that drew pushback from concerned Democrats and like-minded businesses.
With right-wing states already rushing to criminalize abortion, abortion providers and anyone trying to get an abortion in localities where it remains legal, a slew of well-known companies have pledged to help workers pay for out-of-state care.
Among them: Microsoft, Googleand Facebookentertainment centers waltz disney, netflixand Amazonfinancial institutions Wells Fargo, Bank of Americaand JPMorgan Chaseas well as familiar names like You’re here and Starbucks. Insider crossed paths with these and other abortion travel finance companies with the actions of members of Congress listed in their annual financial statements and periodic stock market filings.
Repeat STOCK law violator and anti-abortion activist Rep. Pete Sessions of Texas could spend nearly $1 million on abortion support businesses, according to his Annual financial report 2021. This file shows that he and his wife 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. (Legislators are only required to report the value of their assets within broad ranges.)
Sessions did not respond to repeated requests for comment on its finances.
Representative Diana Harshbarger of Tennessee, who previously told Insider she outsourced her portfolio to a financial planner, was given until August to file her 2021 annual report after request an extension. If his 2020 statements are true, Harshbarger could have nearly $700,000 tied up with pro-abortion companies, 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 in bank. from America.
Harshbarger did not respond to repeated requests for comment on his finances.
Representative Carol Miller of West Virginia, who greeted the gutting of Roe as “a huge victory for all Americans”, also has until august to file his 2021 annual report. In his 2020 filings, Miller revealed that her husband owned up to $250,000 in Microsoft stock.
Miller spokesman Tatum Wallace declined to comment on any divestiture plans, but offered Insider insight into how a GOP majority could take corporate America to task if they regain control of Congress this fall. .
“Paying for someone to terminate a pregnancy seems like a very taxable event to me,” Wallace wrote in an email. “Repute Miller is confident that next year Republicans will be looking for ways to update the tax code to incentivize life and address this problem comprehensively.”
Dozens of congressional Democrats, including House Speaker Nancy Pelosi, whose husband Paul Pelosi, a regular trader, regularly move millions of dollars in the markets, also invest in companies that will sponsor abortion trips.
But these Democrats almost universally support abortion rights, while their Republican counterparts have almost always fought to restrict or nullify 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 describe himself as a “champion of the divine rights of the unborn child”, but personally invests in several of these companies.
From May 19 to May 20, Tuberville purchased between $300,000 and $600,000 worth of stock on PayPal, according to federal disclosures.
May 19, PayPal announced — in anticipation of the Supreme Court’s overturning of Roe v. Wade – that she would fund employee travel out of state to access abortions.
Tuberville’s office declined to say whether the senator would sell shares in companies that fund employee travel for abortions. In a statement, his office said, “Senator Tuberville has long had financial advisors who actively manage his portfolio without his day-to-day involvement.”
Senator Jerry Moran of Kansas reported equity investments of $1,000 to $15,000 each in Amazon, CVS Health, Johnson & Johnson, Meta Platforms and Bank of America stocks.
“Life is precious and deserves our respect and protection”, Moran said of his opposition to abortion. “I used my voice and my vote to advance the cause of life and defend the unborn.”
Senator Roger Wicker of Mississippi, who touts his “long record of upholding the sanctity of life,” said he owns $50,000 to $100,000 in stock at Amazon.com, which he said would pay up to $4,000 in travel expenses each year for employees to obtain medical treatment, including abortions.
Senator John Boozman of Arkansas, who describes himself as “a strong 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 was “grateful for this pro-life ruling” from the Supreme Court, owns between $15,000 and $50,000 in Walt Disney Co. stock and $1,000 to $15,000 in Microsoft shares, according to its most 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 divest themselves of any stock they own in companies that fund abortion travel and make “a public announcement of divestment,” said Eric Scheidler, executive director of the Pro-Life Action Leaguea non-profit organization dedicated to “saving unborn children through nonviolent direct action”.
Lawmakers should “choose investments that align with their values — we all need to be more intentional about this,” Scheidler said.
He recommended that elected officials consider financial vehicles, such as the mutual fund company Ave Maria Mutual Fundswho avoid investing in companies that support abortion.
“We certainly think 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 they can now turn to companies that don’t make it a priority to support abortion.”
O’Steen added that anyone opposed to abortion, lawmaker or otherwise, should avoid doing business with or associating with companies that support abortion.
“Avoid Disneyland,” he said.
Federal lawmakers are actively considering banning members of Congress from trading individual stocks, in part because of the many examples of lawmakers personally investing in companies that conflict with their public duties or political positions.
Insider recently revealed that defense investors stand to personally profit from a recent Ukrainian aid package, conservationists who invest in fossil fuel-based operations, and campaign supporters. against the pandemic have invested in healthcare companies scrambling to make COVID-19 manageable.