A news conference was held in the senate subway to propose a vote on the January 6th commission and delay the innovation and competition act until June.
A new disclosure report shows that Sen. Tommy Tuberville of Alabama, who has been a critic of China and companies there, bought stock in the Chinese e- commerce giant last month.
The Republican's spokeswoman told CNBC in 2000 that he had ordered his financial advisors to sell off a small stake inAlibaba stock after becoming aware that it was in his possession.
When the former football coach was running for the Senate seat, he sold shares for less than $5,000.
Tuberville was revealed in July as having violated a federal financial transparency law, the STOCK Act, by failing to file disclosures of about 130 stock and stock options trades from January 2021 through May 2021.
The stock put options sale was included in those trades.
The put options were sold for between $15,000 and $50,000. His spokeswoman had said that he had sold his shares in the Chinese company.
His spokeswoman said that he had not been aware of the trades because they had been handled by his financial advisers.
When asked about his recent stock purchases, the spokeswoman pointed to his advisors.
She said that Tuberville has had financial advisors who manage his portfolio without his involvement.
The spokeswoman said, "Of course, Tuberville will tell those advisors to not trade in the shares of Chinese companies given his criticism of China."
Tuberville said in his financial disclosure that he bought between $50,001 and $100,000 of American Depositary shares of the Chinese company.
The disclosure shows that he bought shares in the same value range the next day.
Tuberville bought between 15,000 and 50,000 shares of the Chinese company.
According to the form, the senator sold between $50,001 and $100,00 of stock in the Chinese company.
CNBC was notified by the congresstrading.com account of Tuberville's purchases of stock.
The White House said the executive order would undermine the security or democratic values of the U.S. and its allies.
Tuberville said in a statement that Chinese companies routinely violate U.S. sanctions and that they aided the Chinese Communist Party's military expansion and persecution of religious minorities.
The Prohibiting TSP Investment in China Act would permanently ban federal Thrift Savings Plans for retirement from being invested in a Chinese company.
All Rights Reserved © 2024
