Rep. Alexandra Ocasio-Cortez (D-NY) has called on Sen. Richard Burr, the Republican chairman of the Senate Intelligence Committee, to resign after he sold off up to $1.56 million of stock weeks before the market crash and before the country began encouraging practices like social distancing as he received daily updates on the virus.
According to a report by ProPublica, Burr offloaded between $582,029 and $1.56 million of stock on Feb. 13 in almost 30 different transactions.
At the time, Burr and the intelligence committee were reportedly receiving daily briefings regarding the coronavirus outbreak.
The report comes as NPR obtained an audio recording from Feb. 27 in which Burr privately warned a group of constituents that the coronavirus outbreak was “akin to the 1918 pandemic.”
“There will be, I’m sure, times that communities, probably some in North Carolina, have a transmission rate where they say, ‘Let’s close schools for two weeks. Everybody stay home,'” he said during the meeting.
“As Intel chairman, Sen. Burr got private briefings about Coronavirus weeks ago,” Ocasio-Cortez posted on Twitter Thursday.
“Burr knew how bad it would be. He told the truth to his wealthy donors, while assuring the public that we were fine,” she explained. “THEN he sold off $1.6 million in stock before the fall.”
“He needs to resign,” Ocasio-Cortez declared.
As Intel chairman, @SenatorBurr got private briefings about Coronavirus weeks ago.
Burr knew how bad it would be. He told the truth to his wealthy donors, while assuring the public that we were fine.
THEN he sold off $1.6 million in stock before the fall.
He needs to resign. https://t.co/IAITMbJ3R5
— Alexandria Ocasio-Cortez (@AOC) March 19, 2020
Reminder: In 2012, the Senate passed the Stop Trading on Congressional Knowledge Act (STOCK Act) by a 93-2 vote. One of the two who voted against it was Richard Burr. https://t.co/gqIaYHeevA
— Walter Shaub (@waltshaub) March 19, 2020