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After already facing “scrutiny” for firm’s lobbying ties and ethical red flags, Loeffler’s conflicts of interest are front and center as her committee assignments double-down on oversight of regulating her husband’s business interests
ATLANTA — Once again, “political mega-donor” Kelly Loeffler is back under scrutiny for her committee assignments that raise new ethical red flags for a senator already facing a “‘minefield’ of potential ethical issues.” After first being appointed to the Senate committee overseeing regulation of her husband’s firm, it’s now been revealed that Loeffler has also been assigned to the subcommittee directly charged with overseeing a key regulator for those same business interests.
Loeffler’s husband’s firm already has a shocking history of Washington influence peddling, spending an eye-popping $17 million as part of their lobbying efforts since 2002 — one of the top lobbying spending securities and investment firms overall since 2011. The firm is also known for making key lobbyist hires from DC as part of the revolving door between Washington congressional committees and the business interests they oversee.
Now, after facing a number of potential ethical conflicts, Loeffler is again in hot water as she still refuses to specifically say how she’ll avoid the ethical “minefield” that awaits her in the Senate.
“At this point, it’s getting harder and harder to find a committee assignment for Kelly Loeffler that isn’t ethically compromising,” said Alex Floyd, spokesman for the Democratic Party of Georgia. “Kelly Loeffler’s firm’s role in the revolving door between Washington and giant corporate special interests, along with her refusal to explain specifically how she will avoid these conflicts of interest, is everything Georgia voters hate about Washington politicians.”
Read more about Loeffler’s ethically dubious committee assignments:
Bloomberg Law: New Senator With Swaps Exchange Ties Named to Oversight Panel
WSJ: Senator Whose Spouse Runs Major Exchange to Help Oversee Regulator
May 16, 2023
May 3, 2023
April 26, 2023