“Maybe the bottom line is, if you’re going to be in the Senate you can’t own any stock. Or at least own mutual funds. Who knows, people could say you’re gaming an index fund,” Sen. John Cornyn (R-Texas) told POLITICO this week.
In 2017, Burr traded stock in two companies that make medical devices, Zimmer Biomet and Philips, while introducing bills to repeal the medical device tax and working to repeal Obamacare.
He invested in financial institutions including the Bank of New York Mellon and U.S. Bank, which are regulated by the Senate Finance Committee, on which he sits.
As the finance committee debated the United States-Mexico-Canada Agreement, Burr held stock in multinational conglomerate Kimberly-Clark, owner of Kleenex, which owns brands in Mexico.
As tensions rose in 2019 with China, he picked up stock in 3M, another multinational whose purchases and sales with China were affected by President Donald Trump’s tariffs, which also fall under the finance committee’s…