Bernie Sanders still earns royalties on ’80s folk record
- Senator Bernie Sanders also reported a recent windfall in paying for books, as have several other senators.
- Representative Marjorie Taylor Greene recently bought shares in four large companies.
- Senator Steve Daines won money for a COVID-19 vaccine trial he participated in.
- See more stories on the Insider business page.
Members of Congress regularly trade stocks, buying and selling the stocks of companies that often have important business before the federal government – and which sometimes spend a lot of money lobbying lawmakers.
An insider has searched Congressional financial disclosure records that federal lawmakers have filed in recent days.
Here are the latest highlights of what we found:
Bernie Sanders: folk icon
In 1987, while still mayor of Burlington, Vermont, Bernie Sanders helped cut a folk album.
Depending on your musical tastes and political persuasion, you might find this moving and uplifting. Or horrible and unheard of. The Guardian once called “so bad is good.”
Either way, “We Shall Overcome” continues to net Vermont Independent Senator a bit of zero – $ 216.97 in 2020, according to Sanders’ annual personal financial disclosure.
Senate Reading Club
Sanders’ recent writing deal made him a lot more money: he made earn $ 170,000 from Penguin Random House in 2020 linked to his writing of an upcoming book “On The Future of Progressive Politics in America.” This rivals Sanders’ annual Senate salary of $ 174,000.
Sanders, whose wealth launched him into the ranks of millionaires in recent times, has donated the proceeds of at least one of his books to charity. His office did not respond to questions about whether Sanders planned to keep or donate money from his latest book.
Among other senators who bank from books, according to their new annual personal financial statements, the Democratic senator. Elizabeth warren from Massachusetts, who reported receiving a Advance of $ 250,000 of the Macmillan Publishing Group, its publisher for the recent “Persist, “as well as an upcoming children’s picture book titled”Pinkie’s promises. “
Democrat Sen. Amy Klobuchar from Minnesota reported $ 27,000 in royalties in 2020 from Penguin Random House – a payout tied to it new book, “Antitrust: Taking Monopoly Power from the Golden Age to the Digital Age.”
Republican Sen. Marco rubio from Florida also reported earn $ 1500 for writing the foreword to an unnamed book.
Majority leader in the Senate Chuck schumer, meanwhile, revealed a royalty agreement in progress with publisher Rodale Inc. regarding his 2007 book, “Positively american“But the New York Democrat did not bring in any royalties from him in 2020.
New Walmart Investor: Marjorie Taylor Greene
Most Controversial Member of Congress – Republican Rep. Marjorie Taylor Greene from Georgia – invested up to $ 15,000 in stock at Walmart April 16.
Walmart was the largest publicly traded retailer in 2020, according to Forbes. Among the multitude of items for sale at Walmart: a book called “The Lies of Marjorie Taylor Greene”.
On April 16, Greene also spent up to $ 15,000 each to buy shares in three other companies: NextEra Energy Inc., Salesforce.com Inc. and Qualcomm Inc., according to a transaction disclosure she filed with of the US House.
Earlier this year, Greene and her husband made a flurry of stock market transactions involving Tesla, Amazon.com, Apple Inc. and Google’s parent company, Alphabet Inc., among others.
In January, Greene’s husband also said he bought up to $ 15,000 in Coca-Cola Company shares and has not said he sold it since.
This is notable because President Donald Trump and other Republicans called on supporters to boycott Coca-Cola after that. expressed concern a new voting law in Georgia “would reduce or discourage access to the vote”. Greene accused companies that acted against Georgian law of “corporate communism. “
Jim Langevin dissociates himself from Facebook
Representative Jim Langevin, a Democrat from Rhode Island, dumped up to $ 65,000 Facebook value at the end of April.
Langevin, owner of Facebook shares for the last decade, in 2019 Told The Public’s Radio, the NPR member station of Rhode Island, that “social media businesses need to be regulated,” adding: “I will say whatever I have in financial holdings, I will vote on what is fair to the American people and to ensure that we are responsible. “
Steve Daines makes money from COVID-19 trial
Long before corporations and governments bribed the unvaccinated with Beer, cannabis, sports tickets, and million dollar lottery jackpots, Sen. Steve daines, a Republican from Montana, was making some extra cash while helping fellow Americans by participating in one of drugmaker Pfizer’s COVID-19 vaccine trials.
In all, Daines won $ 554.10 to pose as a human pillow, according to a disclosure he filed Friday. This includes $ 5 per week to complete an online health survey.
Last year, Daines used his experience in vaccine trials to advocate for vaccinations.
“I took this vaccine at the very start of the trial before the science was fully available,” Daines said. told Montana Public Radio in December. “It shows how safe and effective it is. There are absolutely no shortcuts, no shortcuts. The data and the science, I think, will be very convincing in showing the American people that we have a safe and effective vaccine. “
For Tina Smith, science!
Sen. Tina smithArchie Smith’s husband, has invested up to $ 15,000 in Surgical Information Sciences, a Minnesota medical device company that describes itself as specializing in “improving the visualization of targets for deep brain stimulation surgery.”
Smith’s investments in medical equipment briefly became fodder attack in 2018 for Karin Housley, a republican who ran unsuccessfully against Smith, a Democrat, for the Minnesota seat she now occupies.
Hotel, motel… John Boozman
Sen. John boozman, a Republican from Arkansas, is in the motel business, having bought a up to a maximum value of $ 250,000 to Rocky Branch Resort LLC, which operates a “Newly renovated 1960s motel“in the Ozark Mountains of Arkansas which describes itself as” perfect for your next adventure in the water, on the trails or to rejuvenate with family and friends. “
The delay brigade
Although Monday is the deadline for members of Congress to file their annual personal financial statements, many senators have exercised their option to delay for up to 90 days.
The final group of putter offerings includes Sens. Raphael warnock, a Democrat from Georgia; Mike lee, a Republican from Utah; Maggie Hassan, a Democrat from New Hampshire; Tommy Tuberville, a Republican from Alabama, Dick durbin, a Democrat from Illinois; Tim scott, a Republican from South Carolina; Cotton Tom, a Republican from Arkansas; Bill Cassidy, a Republican from Louisiana; Marsha blackburn, a Republican from Tennessee; Ron Wyden, a Democrat from Oregon; and Boozman.
Durbin, to his credit, said “please. “
Eric Greitens, the Republican who resigned as governor of Missouri over allegations of campaign finance and sexual misconduct, also asked – and received – a 90-day financial disclosure extension. Greitens is operation for the Senate seat as the Republican Senator. Roy Blunt is leaving.