Sen. Tommy Tuberville (R-AL), a member of the Armed Services Committee, recently bought at least $100,000 worth of stock in Defense Department contractor Qualcomm, according to his latest financial filing.
Tuberville is investing in companies over whose fate he has extraordinary influence. Through his public actions, he has the ability to increase his personal wealth. This is exactly the sort of situation that has inspired lawmakers on both sides of the aisle to push for a ban on stock trading by sitting lawmakers.Tuberville’s Sept. 15 filing indicates that he on Aug. 31 purchased Qualcomm shares worth somewhere between $100,000 and $250,000.
Tuberville has been very explicit about his willingness to use his Armed Services Committee perch to steer the NDAA in a way that helps him politically. If Tuberville will flex his committee strength to benefit his home state, he likewise has the ability to benefit his personal portfolio.
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