Perdue Traded Bank Stocks While Passing Pro-Bank Bills

Salon reports:

David Perdue, one of two multimillionaire Georgia Republican senators facing insider-trading scrutiny ahead of runoff elections in January, traded hundreds of thousands of dollars in bank stock while passing pro-bank legislation on the Senate Banking Committee, financial disclosures show.

Between 2017 and 2020, while on the committee, Perdue co-sponsored 14 bills that benefited the financial industry, including through deregulation and extended liability protection. In that time he also accepted more than $1 million in political contributions from financial interests, federal filings show.

Read the full article.