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☆ Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock
▼ + stars: | 2023-07-19 | by ( Brody Mullins | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/senators-to-propose-ban-on-u-s-lawmakers-executive-branch-members-owning-stock-6db6411

Persons: Dow Jones

☆ Stockholdings of Federal Executives Would Be Easier to Track Under New Bill
▼ + stars: | 2023-07-12 | by ( Brody Mullins | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/stockholdings-of-federal-executives-would-be-easier-to-track-under-new-bill-b7af678f

Persons: Dow Jones

☆ Ethics Official Owned Meta Stock While Recommending FTC Chair Recuse Herself From Meta Case
▼ + stars: | 2023-06-30 | by ( Brody Mullins | Rebecca Ballhaus | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ethics-official-owned-meta-stock-while-recommending-ftc-chair-recuse-herself-from-meta-case-8582a83b

Persons: Dow Jones

☆ Government Posing Greater Risk to Corporate Profits, Chamber Study Finds
▼ + stars: | 2023-04-11 | by ( Brody Mullins | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/government-posing-greater-risk-to-corporate-profits-chamber-study-finds-c6699168

☆ Military Contractors Square Off Over F-35 Jet Engine Program
▼ + stars: | 2023-03-08 | by ( Brody Mullins | Ted Mann | ) www.wsj.com time to read: 1 min

GE is lobbying Congress to fund an alternative engine for the Pentagon’s F-35 jet fighter. WASHINGTON—One of the biggest lobbying clashes in recent years is heating up again: the fight to fund an alternate engine to power the Pentagon’s F-35 jet fighter. More than a decade ago, engine-maker Pratt & Whitney and its allies in Congress won out over General Electric Co. to be the exclusive supplier for the next-generation fighter. Now GE is once again lobbying Congress to provide billions of dollars to fund an alternative engine it would build, citing what it calls the flaws in Pratt’s engine.

☆ Lawmakers Call for Broad U.S. Probes of Financial Conflicts by Federal Officials
▼ + stars: | 2023-03-01 | by ( Brody Mullins | Rebecca Ballhaus | ) www.wsj.com time to read: 1 min

Photo: Eric Lee for The Wall Street JournalTwo Democratic lawmakers are requesting recommendations for how ethics rules and regulations in Washington can be strengthened. WASHINGTON—Two Democratic lawmakers called on the executive branch to root out financial conflicts-of-interest among top government officials. In letters sent to eight federal agencies Tuesday, Sen. Elizabeth Warren of Massachusetts and Rep. Pramila Jayapal of Washington asked that internal investigators launch probes into conflicts of interest and review the effectiveness of the agencies’ rules.

U.S. ethics officials in recent years have warned one-third of the Energy Department’s senior officials that they or their families owned stocks related to the agency’s work, reminding them not to violate federal conflict-of-interest rules. Most held on to the stocks, a Wall Street Journal analysis of officials’ financial disclosures from 2017 through 2021 shows.

☆ U.S. Agencies Seek Tougher Rules, Internal Probes on Stock Trading by Federal Officials
▼ + stars: | 2023-02-07 | by ( Rebecca Ballhaus | Brody Mullins | ) www.wsj.com time to read: 1 min

The Federal Deposit Insurance Corp. is considering overhauling its ethics rules to crack down on financial conflicts. Several federal agencies are looking to tighten their ethics rules, while others have directed their internal watchdogs to investigate suspicious investing by officials, as lawmakers continue to press for tougher trading restrictions across the federal government. The efforts follow a Wall Street Journal series that identified a sweeping pattern of financial conflicts across the executive branch, including finding that more than 2,600 officials invested in companies overseen by their agencies. In some instances, officials’ trading appeared to violate federal and agency rules that are intended to maintain the public’s trust in the government and keep officials from using their influence for personal gain.

Last year, the Federal Deposit Insurance Corp. deliberated over whether to tap Microsoft Corp. as its primary cloud provider. Three key officials involved in the discussions, or their family members, owned shares in Microsoft, including the deputy chief information officer who pushed to pick the company. By early this year, Microsoft had become the agency’s primary cloud platform.

☆ Ethics Watchdog Group Seeks Probes Into Oversight of Officials’ Stock-Trading Conflicts
▼ + stars: | 2022-11-22 | by ( Brody Mullins | Rebecca Ballhaus | ) www.wsj.com time to read: 1 min

A nonpartisan group that monitors government ethics filed a series of legal complaints alleging the federal government is failing to adequately enforce conflict-of-interest rules. The Campaign Legal Center called on the executive-branch agency that oversees ethics rules to investigate what it called deficiencies in enforcement at several agencies. The group also requested that internal investigators at four federal agencies examine whether their ethics programs complied with federal rules.

☆ GOP House Majority Could Shield Industries From New Taxes, Regulations
▼ + stars: | 2022-11-21 | by ( Brody Mullins | John D. Mckinnon | ) www.wsj.com time to read: 1 min

Republican control of the House bodes well for business sectors that have allies among the representatives. WASHINGTON—Republican wins at the ballot box have long translated into gains for the business lobby in Washington. This election is likely to be no exception, despite the party’s increasingly populist slant. The GOP takeover of the House will give Republicans the power to block efforts by Democrats to approve new regulations or taxes on the fossil-fuel industry, private-equity funds, tobacco makers and drug manufacturers.

Mark Wu held more than $1 million of Amazon.com Inc. stock when President Biden tapped him to help craft a trade policy that would benefit U.S. technology companies and online retailers. Ethics officials at the Office of the U.S. Trade Representative said they gave Mr. Wu two options: Get rid of the stock or recuse himself from digital trade issues.

Federal officials working on the government response to Covid-19 made well-timed financial trades when the pandemic began—both as the markets plunged and as they rallied—a Wall Street Journal investigation found. In January 2020, the U.S. public was largely unaware of the threat posed by the virus spreading in China, but health officials were on high alert and girding for a crisis.

The top watchdog of American business is also home to Washington’s most active Wall Street investors. The Federal Trade Commission in recent years has opened investigations into nearly every major industry. It has launched antitrust probes into technology companies, examined credit card firms and moved to restrict drug, energy and defense-company mergers.

Thousands of officials across the government’s executive branch reported owning or trading stocks that stood to rise or fall with decisions their agencies made, a Wall Street Journal investigation has found. More than 2,600 officials at agencies from the Commerce Department to the Treasury Department, during both Republican and Democratic administrations, disclosed stock investments in companies while those same companies were lobbying their agencies for favorable policies. That amounts to more than one in five senior federal employees across 50 federal agencies reviewed by the Journal.

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