Senator Rand Paul failed to disclose wife's purchase of COVID-19 drug maker's shares
CBSN
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.
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