Kentucky Sen. Paul failed to disclose wife's stock trade
ABC News
Kentucky Sen. Rand Paul waited more than a year to disclose that his wife bought stock in a company that makes a COVID-19 treatment
WASHINGTON -- Kentucky Sen. Rand Paul waited more than a year to disclose that his wife purchased stock in a company that makes a COVID-19 treatment, an investment made after Congress was briefed on the threat of the virus but before the public was largely aware of its danger. The Republican filed a mandatory disclosure Wednesday revealing on Feb. 26, 2020 that Kelley Paul purchased somewhere between $1,001 and $15,000 worth of stock in Gilead, which makes the antiviral drug remdesivir. Under a 2012 law called the Stock Act, which was enacted to stop lawmakers from trading on insider information, any such sale should have been reported within 45 days. Word of the looming danger posed by the coronavirus began to spread through Congress in late January 2020, after members received the first of several briefings on the economic and public health threat that it posed. The disclosure, made 16 months late, adds Paul to a growing list of lawmakers from both parties who have drawn scrutiny for their stock trading during the outbreak, which was declared a pandemic in March 2020.More Related News