Pat Fallon: Sale of Microsoft Corporation (MSFT)

Traded the very company under active committee action or legislation.

Jurisdiction over DoD IT procurement, including the $10B JEDI cloud contract awarded to Microsoft.

Why this is on the ledger

The New York Times' 2022 investigation reported that Fallon — a member of House Armed Services — sold Microsoft shares roughly two weeks before the Pentagon cancelled the $10B JEDI cloud contract that had been awarded to Microsoft (cancelled July 6, 2021). His committee has jurisdiction over the procurement at issue. The trade was reported as a committee-jurisdiction overlap; no charges were brought.

Sources

• Common Dreams — summary of the NYT congressional-trading investigation
• NYT — These 97 Members of Congress Reported Trades in Companies Influenced by Their Committees (primary investigation)