{"id":308249,"date":"2010-02-10T18:34:15","date_gmt":"2010-02-10T23:34:15","guid":{"rendered":"tag:www.opensecrets.org,2010:\/news\/\/8.1363"},"modified":"2010-02-11T01:09:43","modified_gmt":"2010-02-11T06:09:43","slug":"several-federal-lawmakers-financially-invested-in-embattled-toyotas-stock","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/308249","title":{"rendered":"Several Federal Lawmakers Financially Invested in Embattled Toyota’s Stock"},"content":{"rendered":"

\"toyota_logo.jpg\"<\/a>With automobile maker Toyota facing heavy congressional scrutiny<\/a> for a series of damning safety recalls, it’s worth noting that several members of Congress last year reported owning stock in the company, a Center for Responsive Politics<\/a> analysis<\/a> indicates.<\/p>\n

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Rep. Jane Harman<\/a> (D-Calif.) recorded the largest investment in Toyota with between $116,003 and $315,000 in the company’s stock, according to 2008 personal financial disclosure reports that congressional members file annually. (Filers, by law, may report their assets in broad ranges, hence Harman’s numbers.)<\/div>\n
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Harman, incidentally, is the second richest member of Congress based on the average of her minimum and maximum reported wealth, as calculated by the Center<\/a>.<\/div>\n
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Other members of Congress reporting Toyota stock ownership in 2008 include:<\/div>\n
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\u0095<\/b> Rep. Michael McCaul<\/a> (R-Texas), $15,001 to $50,000<\/div>\n
\u0095<\/b> Rep. Scott Murphy<\/a> (D-N.Y.), $15,001 to $50,000<\/div>\n
\u0095<\/b> Sen. Jim Webb<\/a> (D-Va.), $3,003 to $45,000<\/div>\n
\u0095<\/b> Rep. Kay Hagan<\/a> (D-N.C.), $1,001 to $15,000<\/div>\n
\u0095<\/b> Rep. Joe Sestak<\/a> (D-Pa.), $1,001 to $15,000<\/div>\n
\u0095<\/b> Rep. Michael Burgess<\/a> (R-Texas), $1 to $1,000<\/div>\n
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Additionally, Rep. Phil Roe<\/a> (R-Tenn.) reported assets in Toyota Motor Credit Corp. worth $25,384.<\/div>\n
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Harman and Burgess sit on the House Energy and Commerce Committee<\/a>, which is planning hearings later this month on Toyota’s safety problems. The company in recent weeks has recalled hundreds of thousands of models for faulty accelerator pedals and brakes.<\/div>\n
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Since 2008 filings are the most recent documents available, it’s possible that these politicians have sold their Toyota assets — or purchased more, for that matter — in recent months. Likewise, other elected officials may have also recently purchased Toyota-related assets.<\/div>\n
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Five other congressional members reported selling Toyota stock in 2008. They are: Rep. Hal Rogers<\/a> (R-Ky.), Rep. Jim Moran<\/a> (D-Va.), Rep. Charlie Wilson<\/a> (D-Ohio), Rep. Lamar Smith<\/a> (R-Texas) and Sen. Walt Minnick<\/a> (D-Idaho).<\/div>\n
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Wilson earned between $31,003 and $115,000 from his sale of Toyota stock, while Minnick pocketed between $16,002 and $65,000 and Moran between $1,001 and $15,000, according to their personal financial disclosure filings.<\/div>\n
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Lamar reported earning $728 from the sale of his Toyota holding while Rogers did not report<\/a> a specific dollar amount or range.<\/div>\n","protected":false},"excerpt":{"rendered":"

With automobile maker Toyota facing heavy congressional scrutiny for a series of damning safety recalls, it’s worth noting that several members of Congress last year reported owning stock in the company, a Center for Responsive Politics analysis indicates. Rep. Jane Harman (D-Calif.) recorded the largest investment in Toyota with between $116,003 and $315,000 in the […]<\/p>\n","protected":false},"author":3994,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,7],"tags":[],"class_list":["post-308249","post","type-post","status-publish","format-standard","hentry","category-automotive","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/308249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/3994"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=308249"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/308249\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=308249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=308249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=308249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}