Sen. David Perdue traded stocks from a Navy contractor right about the time he was taking over as chairman of the Senate Armed Services Seapower Subcommittee.
The Georgia Republican, who faces a runoff next month in a bid to keep his seat, began purchasing stocks from BWX Technologies in 2018, shortly before becoming chairman of the subcommittee. He insisted that in using an outside adviser to manage his portfolio, he was not involved in the day-to-day decisions about trading his stocks.
Between February and July 2019, after he became chairman, Perdue reported selling those shares, which earned him between $15,000 and $50,000, according to his 2019 financial disclosure form. Because of the way lawmakers are required to report filings, the precise amount he garnered from these transactions is not publicly known, the Daily Beast reported on Thursday.
The report said Perdue never invested in BWX before these transactions took place.