• April 18, 2024

Democratic Senator Called to Resign as Finance Committee Chairman After What Wife Is Investing in Becomes Known

 Democratic Senator Called to Resign as Finance Committee Chairman After What Wife Is Investing in Becomes Known

Democratic Sen. Ron Wyden of Oregon, the chairman of the Senate Finance Committee, is facing calls to step down after it was reported his wife owns millions of dollars in stocks for tech companies he is tasked with regulating.

In a letter last week, members of the New York Young Republican Club noted the potential conflict of interest and asked the senator to step aside.

Rolling Stone reported that Nancy Wyden has been cashing in on the tech industry for years in a Feb. 24 article in which the outlet noted her powerful husband is widely viewed as “an ally of the tech industry.”

The outlet reported the senator’s wife is heavily invested in companies including AppleGoogle and Microsoft.

“According to Wyden’s most recent financial disclosure, his wife, Nancy Bass Wyden, owns up to $1 million in Apple stock; $1 million in Microsoft; $500,000 in Amazon; and $500,000 in Google,” Rolling Stone reported.

The left-wing outlet spoke to what it called “ethics experts” who said the senator is not breaking any laws but noted his proximity to his wife and her investments “could pose a conflict of interest.”

In response to the reporting from Rolling Stone, the NYYRC wrote a letter to Wyden on March 9.

In the letter, the GOP group asked Wyden to relinquish his position leading the Finance Committee.

“As chairman of the Senate Finance Committee, you are charged with investigating and regulating Big Tech’s market abuses – and to protect American consumers from the risks posed by these companies on our economy and democracy,” it said.

“We are alarmed by

Source: The Gateway Pundit

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