Common Cause v. Senators Burr, Loeffler, Feinstein and Inhofe (STOCK Act)
Legal Filings
On March 20, 2020, Common Cause filed complaints with the Senate Select Committee on Ethics, Securities and Exchange Commission and Department of Justice calling for investigations of Senators Richard Burr, Kelly Loeffler, James Inhofe and Dianne Feinstein to determine whether the Senators violated the Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act), the Securities Exchange Act, the U.S. Criminal Code and other federal laws and regulations regarding stock trading applicable to Members of Congress.
Specifically, Common Cause requested an investigation of whether these Senators engaged in illegal insider trading by trading stocks based on material, nonpublic information regarding the COVID-19 coronavirus pandemic received in private, confidential briefings for Senators by officials from the Centers for Disease Control and Prevention, the National Institute of Allergy and Infectious Diseases and other government officials.