2 Members Of US Congress Now Own Rivian Shares: Here's Who And How Much They Own - Benzinga
One of the most anticipated IPOs of 2021 was that of electric vehicle company Rivian Automotive Inc (NASDAQ: RIVN).
Rep. Dan Crenshaw of Texas invested in electric cars after bashing Democrats for being 'obsessed' with them
Kimberly Leonard Jan 28, 2022, 11:37 AM
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The claim: Pelosi bought $1 million in Tesla stock, Biden bought 645,000 electric vehicles
The first month of President Joe Biden's administration has been a busy one, centering around COVID-19 relief and confirming cabinet confirmations, all while the historic second impeachment of former President Donald Trump played out in the background.
Why It’s Important: Members of Congress have come under pressure for buying and selling stocks, especially when they are members of committees and sub-committees that could give them an early look at information or potential government contracts and tax breaks.
Newman, a Democrat serving the state of Illinois, serves on the Committee on Transportation and Infrastructure.
McEachin serves on the Committee of Energy and Commerce and on the Select Committee on the Climate Crisis.
One of the most anticipated IPOs of 2021 was that of electric vehicle company Rivian Automotive Inc
as investors and can also add two members of U.S. Congress to the list of its backers.
What Happened: U.S. Rep. Donald McEachin (D-VA) reported a purchase of Rivian shares. The purchase was made on Dec. 17, according to CongressTrading.
Biggest traders of Tesla stock in Congress in 2021
Lawmaker Party State Rep. or sen. Buys Sells Total amount transacted Buys/sells ratio
Newman, Marie D IL Rep. $383,000 $375,000 $758,000 1.02
Khanna, Ro D CA Rep. $129,500 $16,000 $145,500 8.09
Suozzi, Tom D NY Rep. $75,000 $75,000 $150,000 1.00
Garcia, Mike R CA Rep. $65,000 $65,000 $130,000 1.00
Crenshaw, Dan R TX Rep. $24,000 $24,000 $48,000 1.00