Kelly’s opponent has joined forces with AOC and The Squad to recklessly attack her. These accusations are baseless, desperate, and absolutely ridiculous.
When you hear one of these crazy attacks, please direct your friends, family, and coworkers to get the facts and help spread the truth. Together, we can defend Kelly, protect the American Dream, and stop the spread of socialism in our state and country.
Here are the facts…
My family’s investments are managed by third-party advisers at Morgan Stanley, Goldman Sachs, Sepio Capital and Wells Fargo. These professionals buy and sell stocks on our behalf. We don’t direct trading in these accounts. These trades are disclosed routinely and publicly in reports to the Senate Select Committee on Ethics, in full compliance with transparency laws.
As longtime executives at a Fortune 500 financial-services firm, my husband and I put this arrangement in place to insulate ourselves and our colleagues from these sorts of unfounded accusations. In financial services, there is always a risk of coming into contact with nonpublic material information, so the decision to separate ourselves from directing our investments—long before I was appointed to the Senate in January—was an easy one. It is part of what has enabled us to operate throughout our careers with the highest level of integrity and transparency.
In its hunger to place blame, the media fixated on a fantasy of improper congressional trading, stemming from a Jan. 24 briefing I and other Senators attended with health officials. But based on contemporaneous reporting and public statements by the officials who provided the briefing, there was no material or nonpublic information discussed. All we did was meet public-health leaders and ask them questions about the emerging virus.
That same morning, a Centers for Disease Control and Prevention telebriefing made clear “we are still learning.” “While this situation poses a very serious public health threat, CDC believes that the immediate risk to the U.S. public is low at this time, but the situation continues to evolve rapidly,” explained Nancy Messonnier, director of the National Center for Immunization and Respiratory Diseases, who led the telebriefing. About the Senate briefing itself, Sen. Richard Blumenthal (D., Conn.), told The Hill, “what I heard in response to many questions is a tentative answer. . . . We need to know more.”
I knew when I started my campaign that our business success would become the target of attacks. That’s politics. But these allegations go well beyond what should be considered acceptable. We have spent our entire lives building careers based on integrity and hard work. I am dedicating my Senate career to serving and giving back to a state that has given me so much. Every quarter, I donate my salary to local charities because I came to Washington to make a difference, not a paycheck.
For these reasons, I am taking action to move beyond the distraction and put the focus back on the essential work we must all do to defeat the coronavirus. Although Senate ethics rules don’t require it, my husband and I are liquidating our holdings in managed accounts and moving into exchange-traded funds and mutual funds. I will report these exiting transactions in the periodic transaction report I file later this month.
I’m not doing this because I have to. I’ve done everything the right way and in compliance with Securities and Exchange Commission regulations, Senate ethics rules and U.S. law. I’m doing it because the issue isn’t worth the distraction. My family’s investment accounts are being used as weapons for an assault on my character at a time when we should all be focused on making our country safe and strong.
Throughout this crisis I’ve been working hard to contribute legislative provisions that support essential medical devices, rural health care, telehealth, small businesses and Main Street employers. I will continue to focus on serving our country and the people of Georgia.
Ms. Loeffler, a Republican, is a U.S. senator from Georgia.