Showing posts with label Congress conflict of interest. Show all posts
Showing posts with label Congress conflict of interest. Show all posts

Wednesday, November 24, 2010

Is Mike Castle's Stock Ownership of TSA Scanner Firm a Conflict of Interest?

While airline passengers cringe as they enter the new TSA body scanners, Mike Castle is getting rich off of it.  But he is not alone according to a Washington Examiner report.

Mike Castle and six other U.S. Representatives and two U.S. Senators each own multiple shares of stock in L-3 Communications.  L-3 is the manufacturer of the new high-density body scanner recently implemented at airports nationwide. 


Congress Members Invested in L-3 Communications

•Sen. John Kerry (D-MA) $500,001 to $1,000,000

•Rep. Michael Castle (R-DE) $16,002 to $65,000

•Rep. Michael McCaul (R-TX) $16,002 to $65,000

•Rep. Judy Biggert (R-IL) $15,001 to $50,000

•Rep. Ron Klein (D-FL) $1,001 to $15,000

•Rep. Robert Scott (D-VA) $1,001 to $15,000

•Sen. Jon Kyl (R-AZ) $2,173

•Rep. Kenny Marchant (R-TX) $2,086

Isn't it a conflict of interest for member of Congress (either chamber) to own stock in a firm that receives federal appropriations?  We report, you decide.