Analysis Shows US Lawmakers Traded Up to $113 Million in Arms Stocks This Year

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Ibm,Joe Biden,Josh Gottheimer

Brett Wilkins is a staff writer for Common Dreams.

Dozens of U.S. lawmakers and their families bought or sold up to $113 million worth of shares in top Pentagon contractors this year, an analysis published on Wednesday revealed. The Quincy Institute for Responsible Statecraft found that at least 37 members of Congress and their relatives traded between $24-113 million worth of stock in companies listed on Defense and Security Monitor's Top 100 Defense Contractors index.

'Pelosi had the most profitable 2024 of any lawmaker, netting an estimated $38.6 million from all stock trading activity, according to Quiver Quantitative,' the report adds. Pelosi was followed by Reps. Suzan DelBene , Scott Franklin , and Thomas Keane Jr. . The Quincy Institute asserted: 'If Congress wants to wash itself of conflicts of interest it can start by passing a stock trading ban.

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