Home Commercial trading Dem who wants to ban stock trading for members of Congress invests in companies pushing for green energy

Dem who wants to ban stock trading for members of Congress invests in companies pushing for green energy

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A congresswoman who backed a measure barring members from trading in stocks owns thousands of dollars in stock of green energy companies that have lobbied for congressional grants, according to financial reports.

Kansas Democratic Rep. Sharice Davids, who joined lawmakers in April demanding restrictions on members and their families owning and trading stocks, invested up to $17,000 in Maxeon Solar Technologies, SunPower Corporation and FuelCell Energy, according at its last filing in May.

davids reported his FuelCell stock worth between $1 and $1,000 in July 2019 when he first filed upon taking office. It also quoted between $1,001 and $15,000 of SunPower stock that year and first reported between $1 and $1,000 of Maxeon stock in August 2021. according to a deposit.

Those companies, however, lobbied Congress for green energy legislation and tax credits, according to the disclosures. (RELATED: EXCLUSIVE: Ethics watchdog demands Senate ethics inquiry into ‘clear violation’ of lawsuit filing after DCNF probe)

LOS ANGELES, CALIFORNIA – MARCH 12: Representative Sharice Davids speaks onstage as the Human Rights Campaign hosts the 2022 Los Angeles Dinner at the JW Marriott on March 12, 2022 in Los Angeles, California. (Photo by Charley Gallay/Getty Images)

FuelCell spent $30,000 lobbying between January and February “to restore fuel cell tax credits and Department of Energy fuel cell research funding.” according to its report covering this period. SunPower, which finances solar products, spent $60,000 during this same period on “matters related to the commercial and residential investment tax credit[s]and on several bills, including the Democratic Infrastructure Bill, known as the Build Back Better Act, which spent $555 billion in provisions for green energy.

Davids and other lawmakers who demanded restrictions on stock trading in April said they were “ready to work” on stock market reforms to avoid “serious” conflicts of interest. The Kansas Democrat sits in the House Committee on transport and infrastructure, which has helped form President Joe Biden’s green energy and infrastructure agenda.

“We know that investing in sustainable and resilient infrastructure is an effective way to combat the effects of climate change, and I am exploring this topic as a new member of the Transport and Infrastructure Committee”, said Davids by joining the committee.

Davids lobbying reports and investments were first reported by the Washington Free Beacon.

A spokeswoman for Davids declined the Daily Caller News Foundation’s request for comment, noting that her office is closed for the June 16 federal holiday.

“I’ll get back to you tomorrow,” the spokeswoman said.

Fuelcell, Maxeon and Sunpower did not immediately respond to a comment request.

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