The Justice Department is dropping investigations into three senators who made large stock trades as cases of the coronavirus first began appearing in the U.S., according to multiplereports. The sales, first reported in March, came shortly after Congress began receiving regular briefings on the coronavirus and potentially saved lawmakers from substantial financial losses as the stock market began an ongoing period of upheaval. Sen. Richard Burr (R-N.C.) is reportedly still under investigation for his own stock trades after ProPublica first reported he had sold between $628,000 and $1.72 million worth of holdings. The DOJ’s disclosure is welcome news for the other lawmakers, who were roundly criticized for the sales as the coronavirus spread across the nation. “This was a politically motivated attack shamelessly promoted by the fake news media and her political opponents.”Loeffler, whose husband is the chairman of the New York Stock Exchange, had previously announced the pair would divest from all individual holdings.

Source: Huffington Post May 27, 2020 03:00 UTC