Lt. Gov. John Fetterman of Pennsylvania wants to prohibit members of Congress from owning stocks. However, he has stock in a telecoms company with multimillion-dollar contracts with his state government. “Lawmakers should not profit from the firms that they are meant to regulate,” he continues.
Moreover, Lt. Gov. John Fetterman of Pennsylvania has Verizon stock, which his campaign claims he would sell if elected to the Senate. According to public records, the firm and its subsidiaries have spent more than $1.2 million on lobbying in Pennsylvania since 2019. His campaign has not responded to inquiries about whether his financial situation puts him in a conflict of interest position as lieutenant governor.
Members of Congress are being urged to put their stock holdings in blind trusts as part of a probe into their investment activities. Sen. Jon Ossoff (D-Ga.) presented legislation earlier this month that would compel members of Congress to trade equities via a blind trust. Even as he criticized Apple for benefiting from “abusive” trade tactics, the Georgia Democrat maintained millions of Apple stock.
Democratic Party officials, including House Speaker Nancy Pelosi, may object to the move. Last year, Pelosi’s husband pocketed millions of dollars by trading stock options on Alphabet, the parent company of Google, right before an antitrust bill vote.
Furthermore, Fetterman, the Mayor of Braddock, Pennsylvania, drew a shotgun on an unarmed black jogger whom he accused of shooting a pistol into the air near his home. Until the police came, he chased the man in his pickup and reportedly pointed a shotgun at his chest. Officers searched Christopher Miyares, but no firearms were discovered, and he was never charged with a crime. The event appears to be at odds with Fetterman’s progressive credentials since he has expressed support for the Black Lives Matter movement and more vital gun legislation.