Senate

Martha McSally Should Put Money Where Her Mouth Is and Return $40,000 in Contributions From Senators Accused of Insider Trading

Tonight, The Hill reported that Senator Martha McSally and top Trump adviser Larry Kudlow slammed Georgia Senators Kelly Loeffler and David Perdue for using inside information on the coronavirus to make money off the stock market. But before McSally tries to make too much hay out of criticizing her Republican colleagues, it’s important to note that McSally has accepted $40,000 in campaign contributions from Republican Senators accused of insider trading, including thousands of dollars in campaign contributions from Loeffler and her husband. 

“Martha McSally is funding her campaign with contributions from the same corrupt Republican Senators she’s now criticizing,” said American Bridge spokesperson Zach Hudson. “Martha McSally needs to put her money where her mouth is and return the $40,000 of tainted dollars she’s received from her Republican colleagues accused of insider trading. Otherwise, her rhetoric should be viewed for what it is: empty talk from a Senator who is about to lose her second Senate race in two years. ”

Background:

McSally Took Over $40,000 From Loeffler, Her Spouse, And David Perdue And Richard Burr’s Leadership PACs. From 2014 to 2019, McSally’s campaign committees took over $40,000 from Kelly Loeffler, her spouse Jeff Sprecher, and Richard Burr and David Perdue’s leadership PACs. This finding is detailed below:

McSally: Senators Accused Of Trading Stocks On The Coronavirus “Need To Be Held Accountable” If Allegations Against Them Are True. “White House economic adviser Larry Kudlow slammed U.S. senators who allegedly traded stock before a massive coronavirus outbreak in the United States during a tele-town hall hosted by Arizona Sen. Martha McSally (R) Thursday evening. […] McSally agreed with the White House economist. ‘Larry, I couldn’t agree with you more. If these allegations are true, they need to be held accountable,’ McSally said.” [The Hill, 4/9/20]

Headline: “Sen. Kelly Loeffler Dumped Millions In Stock After Coronavirus Briefing.” [Daily Beast, 3/20/20]

Headline: “Sen. David Perdue Bought Stock In A Company That Produces Protective Medical Equipment The Same Day Senators Received A Classified Briefing On The Coronavirus.” [Business Insider, 4/6/20]

Headline: “Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness.” [ProPublica, 3/19/20]

Contributor NameRecipientReceipt DateAmount
NEXT CENTURY FUND (Burr Leadership PAC)MCSALLY FOR CONGRESS8/5/2014$2,500.00
NEXT CENTURY FUND (Burr Leadership PAC)MCSALLY FOR SENATE INC6/27/2018$5,000.00
NEXT CENTURY FUND (Burr Leadership PAC)MCSALLY FOR SENATE INC6/20/2019$5,000.00
NEXT CENTURY FUND (Burr Leadership PAC)MCSALLY FOR SENATE INC6/20/2019$5,000.00
ONE GEORGIA PAC (Perdue Leadership PAC)MCSALLY FOR SENATE INC9/26/2018$5,000.00
ONE GEORGIA PAC (Perdue Leadership PAC)MCSALLY FOR SENATE INC9/26/2018$5,000.00
ONE GEORGIA PAC (Perdue Leadership PAC)MCSALLY FOR SENATE INC3/31/2019$5,000.00
ONE GEORGIA PAC (Perdue Leadership PAC)MCSALLY FOR SENATE INC3/31/2019$5,000.00
SPRECHER, JEFFMCSALLY FOR SENATE INC9/27/2018$1,666.66
LOEFFLER, KELLY L.MCSALLY FOR SENATE INC9/27/2018$1,666.67
Total:  $40,833.33

[Federal Election Commission, Retrieved 4/9/20]