WHICH ONE IS NOT A LIAR FOR MONEY?
Josh Hawley: Biden’s Energy Secretary Lied to Congress About Holding Stocks
Sen. Josh Hawley (R-MO) says President Joe Biden’s Energy Department Secretary, Jennifer Granholm, lied to Congress when she claimed in testimony that she did not hold individual stocks. On Friday, Granholm admitted that she held stocks as recently as last month.
As Breitbart News reported, Granholm made the admission in a letter to the Senate Energy and Natural Resources Committee — revealing that she and her husband had, in fact, held individual stocks in companies that her department oversees.
“I mistakenly told the Committee that I did not own any individual stocks, whereas I should have said that I did not own any conflicting stocks,” Granholm wrote. “In order to make my financial holdings consistent with my testimony, on May 18, 2023, I divested my remaining stock holdings which consisted of stock in six companies, even though these assets were deemed non-conflicting.”
In April, Hawley questioned Granholm about whether she held stocks. At the time, she claimed she did not hold stocks and only held mutual funds.
“Do you own individual stocks, Madam Secretary?” Hawley asked, to which Granholm responded, “No, I’m invested in mutual funds.”
Hawley, in a post to Twitter, called Granholm out for seemingly deceiving Congress in regards to her stock trade portfolio.
“So Granholm lied to me on April 20 — and it took the administration six full weeks to admit it,” Hawley wrote. “… it is time to ban all senior executive branch officials and all members of Congress from owning and trading stock.”
Months ago, Hawley unveiled legislation to ban executive senior officials, as well as their spouses, from holding stocks.
Hawley also previously filed the PELOSI Act to ban members of Congress, as well as their family members, from holding or trading stocks after reports revealed that Rep. Nancy Pelosi’s (D-CA) husband, Paul Pelosi, bought up to $5 million in stock in a semiconductor company right as the Senate was passing legislation to massively subsidize the semiconductor industry.
Granholm’s admission comes as a Wall Street Journal report detailed how “one-third of the Energy Department’s senior officials … owned stocks related to the agency’s work,” prompting federal ethics officials to warn them about federal conflict of interest laws.
The Journal reported:
The more than 300 agency officials who received such warnings include nearly six dozen who held stocks of major energy companies such as Exxon Mobil Corp. [Emphasis added]
More than 130 officials in the Energy Department collectively reported about 2,700 trades of shares, bonds and options in companies that ethics officers labeled as related to their agency’s work, according to the Journal’s analysis, which examined only disclosures by officials who filed annual reports in that period. [Emphasis added]
…
In a series of articles last fall, the Journal reported that across 50 federal agencies, more than 2,600 government officials reported investments that stood to rise or fall with the decisions made by their agencies. [Emphasis added]
Granholm, in 2021, reportedly violated the STOCK Act when she failed to properly report nine stock trades, including her selling shares of Uber, Redfin, and Gilead Sciences Inc., which enjoys lucrative government contracts.
Banning politicians and their family members from trading stocks is hugely popular among likely American voters.
Last year, a Trafalgar Group survey revealed that 76 percent believe Congress has an “unfair advantage” when it comes to the stock market. Only five percent support permitting congressional stock trading.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
Energy Secretary Admits Making False Statement About Stocks; Barrasso Calls It ‘a Troubling Pattern’
President Joe Biden’s (D) Energy Secretary, Jennifer Granholm, admitted in a letter Friday to making a false statement about not owning individual stocks.
The Biden official’s letter was issued to Senate Energy and Natural Resources Committee officials, and Fox News noted she divested from different stocks in 2021.
She revealed in the document that she kept shares of six companies, but she had testified under oath on April 20 that she sold all shares with individual companies.
Granholm’s letter, obtained by Fox News, read:
As you know, as part of the confirmation process before this Committee, in 2021 I divested from assets that could be in conflict with my official duties. I did, however, retain assets that were determined by Government ethics officials to not conflict with my official duties.
I mistakenly told the Committee that I did not own any individual stocks, whereas I should have said that I did not own any conflicting stocks. In order to make my financial holdings consistent with my testimony, on May 18, 2023, I divested my remaining stock holdings which consisted of stock in six companies, even though these assets were deemed non-conflicting.
Granholm said she learned on May 13 that her husband owned more than $2,000 worth of shares in the Ford Motor Company, but they were sold a few days later.
She said she mistakenly thought the divesture of Ford was finished in the first months of 2021.
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Meanwhile, Senate Energy and Natural Resources Committee ranking member John Barrasso (R-WY) had harsh words for Granholm regarding the letter.
He said Granholm lied to committee members about her family’s stock holdings, adding, “This comes after her failure to follow basic ethics and disclosure rules. This is a troubling pattern. It is unacceptable.”
On April 20, Sen. Josh Hawley (R-MO) questioned Granholm about some “disturbing ethics reports” regarding one-third of senior Energy Department officials owning stocks linked to the office’s work:
“Do you own individual stocks, Madam Secretary?” he asked her, to which she replied, “No, I’m invested in mutual funds.”
Hawley also inquired if she thought senior members of any department in the executive branch should own individual stocks.
“Why shouldn’t we just ban that like we ought to ban it for members of Congress?” he asked.
Granholm stated:
I think it’s easier when you don’t own individual stocks. However, we do have disclosure rules and very rigorous ethics agency inside of the Department of Energy. If somebody owns an individual stock and they work in the NNSA and that stock happens to relate to something over in the EERE and they’re not involved in it at all, it’s not considered an ethics violation.
Granholm was sworn in as the secretary of Energy on February 25, 2021, according to her profile on Energy.gov.
In January 2022, a report said Granholm violated the Stop Trading on Congressional Knowledge (STOCK) Act, per an analysis of her financial disclosure documents.
According to Breitbart News:
Granholm’s financial reports revealed nine stock trades made between April 30, 2021, and October 26, 2021. Granholm sold shares of rideshare company Uber, real estate company Redfin, and biopharmaceutical firm Gilead Sciences Inc. Gilead Sciences has a hefty government contract, and they also developed remdesivir, a treatment for the coronavirus.
But her disclosure of trades to ethics officials failed to comply with the act, the article said, adding, “The STOCK Act requires executive branch officials to disclose their trades within 30 days of the transaction. However, Granholm reportedly took weeks or months to disclose her trades.”
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