Tuesday, April 8, 2008

Members of Congress are "Invested" in War Profiteering

Inter Press Service reports today that members of Congress invested nearly 196 million dollars of their own money in companies that receive hundreds of millions of dollars a day from Pentagon contracts to provide goods and services to U.S. armed forces, say nonpartisan watchdog groups.

Here's the list:

Senator John Kerry tops the list of investors. His holdings in firms with Pentagon contracts of at least five million dollars stood at between 28.9 million dollars and 38.2 million dollars as of Dec. 31, 2006. Kerry sits on the Senate foreign relations panel.

Rep Rodney Frelinghuysen, a New Jersey Republican with holdings of 12.1 million - 49.1 million dollars;

Rep. Robin Hayes, a North Carolina Republican (9.2 million - 37.1 million dollars);

Republican Rep. James Sensenbrenner Jr. of Wisconsin (5.2 million - 7.6 million dollars);

Rep. Jane Harman, a California Democrat (2.7 million - 6.3 million dollars).

Sen. Jay Rockefeller, the Democrat and former governor of West Virginia who chairs the Senate Select Intelligence Committee, invested some 2.0 million dollars in Pentagon contractors;

Sen. Joseph Lieberman, the Connecticut Independent who presides over the Senate Homeland Security and Governmental Affairs Committee;

Rep. Howard Berman, the California Democrat who heads the House Foreign Affairs Committee.

In all, 151 current members of Congress -- more than one-fourth of the total -- have invested between 78.7 million dollars and 195.5 million dollars in companies that received defence contracts of at least 5.0 million dollars, according to CRP.

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