REPUBLICAN Senator Kelly Loeffler said she and her New York Stock Exchange Husband will sell off all their shares, after she faced criticism for selling millions of dollars' worth amid the coronavirus pandemic.
The Georgia senator revealed she and her husband would liquidate their remaining shares in an op-ed she wrote in the Wall Street Journal, as their previous stock sales are being investigated.
Loeffler previously defended her stock sales – but today said the criticism she faces 'isn't worth the distraction.'
"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," she wrote in the Journal.
"I will report these exiting transactions in the periodic transaction report I file later this month."
Loeffler said her decision was purely her choice, as she insists she did nothing that was unlawful.
She is currently under
Loeffler added: "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."
Loeffler's announcement comes as coronavirus cases in the U.S. surpassed 400,000.
Many economists have warned of a possible recession as the virus hammers the nation, as millions have been left jobless or lost hours due to stay-at-home orders.
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