A US lawmaker who has long campaigned against congressional stock trading is among the nearly one-in-five in the Senate who own or likely own chunks of Apple stock and watchdogs warn the conflicts of interest could derail major legislation aimed at reining in the Big Tech firms anticompetitive practices.
Sen. John Ossoff (D-Ga.) who famously ripped his Republican opponent David Perdue as a crook over his personal stock trades during his successful bid for the Senate in 2020 has portrayed himself as a champion of the movement to ban congressional stock trading.
The Georgia Democrat co-sponsors a bill that would ban members of Congress their spouses or children from trading stocks while in office and require them to place pre-existing assets into a blind trust or divest them entirely.
However, Ossoff himself owned between $1 million and $5 million in Apple stock prior to setting up his own blind trust in early 2021 and is likely still a shareholder, even while sitting on the Senate Judiciary Committee responsible for regulating the company.
The issue is getting a fresh spotlight as advocates push for Congressional leadership to reintroduce the Open App Markets Act and the American Innovation and Choice Online Act (AICOA) two long-stalled bipartisan bills would impose add new restrictions on how Apple and Google operate their controversial app stores.
Both bills advanced out of committee in 2022, but Senate Majority Leader Chuck Schumer never brought them up for a full floor vote.
In both instances, Ossoff voted in favor of advancing the legislation. But behind closed doors, the Georgia Democrat pushed back and raised concerns about the bills, such as the potential harmful effects they could have for user security and data privacy, a source familiar with the process that year said.
While Ossoff is well-known on the Hill as a user privacy advocate, his stance also happened to align with Apples arguments against the legislation.
Having to deal with a senator who regularly repeated Apple talking points as if it wasnt obvious they were Apple talking points was bad enough, the source said. But it was even worse that in all likelihood he owned millions of dollars in Apple stock as he was doing it.
Ossoff only got on board for the votes after some arm-twisting by the bills supporters, the source said.
Ossoff is a walking embodiment of why his bill is weak, the source added. His Apple stock demonstrates it.
When reached for comment, an Ossoff spokesperson declined to comment on the status of his Apple stake, citing the blind trust, and called criticism “laughable” given his public support for reform.
“As first reported by the New York Post, Sen. Ossoff authored the leading legislation to ban stock trading by members of Congress,” the spokesperson said in a statement. “Sen. Ossoff is one of just six senators who has put his stocks in a qualified blind trust, which the Senate Ethics Committee calls the most comprehensive approach to eliminate conflicts of interests.”
As for the policy, Sen. Ossoff will ask tech companies tough questions on privacy, security, and competition as he has throughout his tenure,” the spokesperson added. “He will continue thoroughly vetting all proposed legislation.”
The terms of Ossoffs blind trust require that his trustee disclose if the Apple stake or any other stock has been completely sold off or if its value has fallen below $1,000. So far, no disclosure of that kind has surfaced. Any stock sale would trigger capital gains, meaning Ossoff would become aware of major shifts in his holdings while filing his taxes.
Congress has faced growing calls to implement a stock trading ban in recent years amid revelations of massive personal stock trading windfalls for former House Speaker Nancy Pelosi and others. Proposals by Ossoff, Sen. Josh Hawley (R-Mo.) and others to impose more restrictions generated some buzz but quickly fizzled out as Congressional leaders declined to pursue them.
Richard Painter, who served as the White Houses chief ethics lawyer under former President George W. Bush, said Ossoff has showed really bad judgment by not divesting his Apple stake entirely upon taking office and dismissed his proposal as ineffective.
You cant put Apple stock in a blind trust and pretend you dont have Apple stock, Painter told The Post. This blind trust business, it doesnt work unless you actually sell the underlying assets. Thats why so few people set up blind trusts for the disposition of major assets. Youve got to make a decision whether youre going to sell the assets or not.
Stock trading is widespread in Congress — with one report finding that nearly 20% of lawmakers had done transactions that presented a conflict of interest with their committee assignments. As of 2021, 53% of lawmakers — 223 representatives and 61 senators — owned stocks, according to a study by the Campaign Legal Center.
Ossoff is one of just a handful of senators who have even taken the step of transferring assets into a blind trust managed by a third party, effectively giving up control of their holdings while in office.
Ossoff’s stock trading bill has drawn endorsements from ethics watchdogs including the Project on Government Oversight, National Taxpayers Union, Taxpayers Protection Alliance, FreedomWorks, and Issue One.
Still, not everyone is convinced that qualified blind trusts are effective.
“Regardless of what he’s said, up and until he is no longer the known beneficiary of this significant investment, it is a conflict of interest,” said Jeff Hauser, executive director of the Revolving Door Project. “Optimally, what would happen is people would divest holdings before entering office, rather than rely on a trust. That is even easier when it is such a liquid asset.”
Donald Sherman, chief counsel for the watchdog group Citizens for Responsibility and Ethics in Washington, agreed, adding, “Even in cases where members of Congress are not engaged in unethical conduct, their ownership interests in companies that they oversee can create an actual or perceived conflict of interest.
“The questions being raised here are exactly why Senators and members of Congress should ban the ownership and trading of individual stock and that any use of blind trusts must be truly blind,” Sherman added.
The Senate Ethics Committees own guidelines on qualified blind trusts note that initial holdings because they are known to the grantor, continue to pose a potential conflict of interest until they have been sold or reduced to a value less than $1,000.
Ossoff needs to be able to commit proper oversight and look at the legislation in the way that represent his constituents and not stock trades, said Garrett Ventry, a Republican and former Senate Judiciary staffer. Any time you have members with those kinds of holdings, it looks very, very bad.
If they proceed, the pro-competition bills would represent a major headache for Apple, which was sued by the Justice Department this month for allegedly using illegal tactics to ensure the iPhones dominance.
As The Post reported, Apple has enlisted an army of lobbyists whose role in part is to lobby against the renewed consideration of those bills.
Proponents say the competition legislation which reportedly worried Apple boss Tim Cook enough in 2022 that he personally called senators to lobby against it could be held up by lawmakers whose personal profits stand to take a hit in the event of a crackdown.
Momentum for other legislation, such as the House-backed measure that could ban TikTok and the bipartisan Kids Online Safety Act, could delay consideration even longer.
Antitrust advocates point out the problem isnt limited to Ossoff. At least 14 other US senators currently own Apple stock, according to a review of pblic financial disclosures. The Post reached out to their offices for comment.
Republicans who have disclosed owning shares of Apple include Sens. Kate Britt, Tommy Tuberville, John Boozman, Susan Collins, Markwayne Mullin, Tim Scott, Bill Hagerty and Shelley Moore Capito.
Representatives for Mullin and Boozman each side the investments were managed by independent third parties and in compliance with disclosure requirements. A Capito representative said she and her husband comply with all disclosure requirements.
On the Democratic side, Apple shareholders include Sens. Ossoff, John Hickenlooper, Thomas Carper, Jacky Rosen, Ron Wyden and Sheldon Whitehouse. Angus King, an independent who caucuses with the Democrats, also owns shares.
Despite his holdings, a spokesperson for Whitehouse pointed out that he co-sponsored both AICOA and the Open App Markets Act.
The Senator and his wife do not trade stocks, and their account manager acts independently without any input from the Senator or his wife per the terms of a formal agreement, the spokesperson said.
Other than Ossoff, five other senators are known to have assets in blind trusts Sens. Tammy Baldwin (D-Wis.), John Hoeven (R-ND), Mark Kelly (D-Ariz.), Cynthia Lummis (R-Wyo.), Joe Manchin (D-W.Va.).
ESPN baseball reporter. Covered the L.A. Rams for ESPN from 2016 to 2018 and the L.A. Angels for MLB.com from 2012 to 2016.
LOS ANGELES — Shohei Ohtani has proved to be a viable starting pitcher as the postseason approaches, but Los Angeles Dodgers manager Dave Roberts acknowledged Wednesday that the organization has considered whether he might be more valuable helping a weary bullpen — perhaps especially in a shorter series like the three-game wild-card round.
It remains far more likely that Ohtani will serve as one of the Dodgers’ starters in the playoffs, but Roberts said the possibility of Ohtani helping out of the bullpen is “something we’re all talking about.”
“I know that we are going to be talking about it,” Roberts said. “I think the one thing you can say, though, is that we use him once every seven days, eight days, nine days — [11] days in between his last start — so to think that now it’s feasible for a guy that’s just coming off what he’s done last year, or didn’t do last year, to then now put him in a role that’s very, very unique — because he’s a very methodical, disciplined, routine-driven person. The pen is the complete opposite, right? You potentially could be taking on risk, and we’ve come this far, certainly with the kid gloves and managing.”
The Dodgers’ caution while managing Ohtani’s return to the mound in the wake of a second repair of his ulnar collateral ligament was evident Tuesday, when Roberts removed him after five no-hit innings despite just 68 pitches. That decision was predetermined, Roberts said, a function of the team’s hesitancy to push him beyond the five-inning threshold this season.
Ohtani said he understood the decision but added that he wants to “pitch as long as possible.” Later, while addressing the Japanese media, Ohtani expressed an openness to playing the outfield in order to remain in the lineup after exiting as a reliever, saying: “I’ve had conversations with various people, and the idea of me pitching in relief has come up. As a player, I want to be prepared to handle whatever role is needed. If I do end up pitching out of the bullpen, I think that could also mean I’d need to play in the outfield afterward, depending on the situation. So I want to be ready for anything, no matter what comes my way.”
Major League Baseball’s two-way rule, adopted in 2019, allows Ohtani to remain in the game as the designated hitter if he starts on the mound and is replaced. But if he were to start a game — even in the playoffs — as the DH, then pitch in relief, the Dodgers would lose the DH once Ohtani stops pitching. Ohtani’s only path to remaining in the game in that situation would be to play the outfield — something he did seven times with the Los Angeles Angels in 2021.
Ohtani, though, has not done any work in the outfield this year. The Dodgers, meanwhile, are naturally hesitant to add more responsibilities to a player who’s also a catalyst atop their lineup, not to mention a legitimate stolen-base threat.
Asked if Ohtani in the outfield is on his radar, Roberts smiled and said, “No.”
“There’s a lot of variables,” Roberts said, “but to know that he can potentially run out there, it’s great. Maybe just in theory. But, again, I love him for even throwing that out there.”
The Dodgers have long been open to the possibility of Ohtani closing out a critical game in October — like he did to seal a championship for his native Japan in the 2023 World Baseball Classic — but the prospect of him helping as a reliever has ramped up as the bullpen has continued to struggle and the rotation has taken form.
If Ohtani were to pitch in relief, it would be in the ninth inning. But juggling warming up in the bullpen if his turn to bat is coming up, or if he’s required to run the bases, could prove difficult. And the Dodgers would be at risk of either losing him as a hitter or forcing him to play the outfield if the game extends to extra innings.
“I don’t know if it’s a pipe dream,” Roberts said of Ohtani playing the outfield, “but it’s very commendable from Shohei.”
London’s mayor Sir Sadiq Khan has for the first time described the situation in Gaza as a “genocide”, becoming the most senior Labour figure to contradict the government’s official position.
It is claimed the government wants to avoid the issue dominating a news conference the two men plan to hold, according to The Times.
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3:47
Trump meets Starmer: What can we expect?
The prime minister has found himself at odds with the US administration over the move, which is opposed to official recognition of Palestine.
The mayor of London, who has engaged in a long-running spat with Mr Trump, has added to the political tension by contradicting official Labour policy at a people’s question time event on Wednesday.
“I think it’s inescapable to draw the conclusion in Gaza we are seeing before our very eyes a genocide,” said Sir Sadiq.
Sir Keir has previously pledged to recognise Palestinian statehood ahead of next week’s United Nations General Assembly in New York if Israel does not meet a series of conditions to improve the humanitarian situation in Gaza.
Other nations, including France, Australia and Canada, have said they plan to take the same step at the UN gathering.
The UK has consistently argued that the issue of whether Israel has committed genocide was a matter for the courts. Israel is fighting a case at the International Court of Justice in The Hague in which the country is accused of genocide.
But some opposition leaders, including Zack Polanski for the Green Party, and the Liberal Democrats’ Sir Ed Davey have specifically referred to the situation in Gaza as genocide.
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Is Israel committing genocide?
On Tuesday, the UN Independent International Commission of Inquiry on the Occupied Palestinian Territory released a report, claiming: “It is clear that there is an intent to destroy the Palestinians in Gaza”.
It said Israel’s actions meet the criteria set down for defining a genocide.
In years to come, it may become known simply as Chequers ’25.
But today’s summit between Sir Keir Starmer and Donald Trump, at the prime minister’s country retreat, has the potential to be a landmark moment in UK-US history.
There’s plenty of scope for it to go horribly wrong, of course: over Jeffrey Epstein, Sir Keir’s pledge to recognise Palestine, the president’s lukewarm support for Ukraine, the Chagos Islands sell-off, or free speech.
But on the other hand, it could be a triumph for the so-called “special relationship” – as well as relations between these two unlikely allies – with deals on trade and tariffs and an improbably blossoming bromance.
Either way, this Chequers summit – on the president’s historic second state visit to the UK – could turn out to be one of the most notable one-to-one meetings between PM and president in 20th and 21st century history.
Image: Donald Trump and Keir Starmer wave as they board Air Force One on a previous trip. Pic: AP
It was then that the PM theatrically pulled King Charles’s invitation for this week’s visit out of his inside pocket in a spectacular stunt surely masterminded by the “Prince of Darkness”, spin doctor-turned-ambassador (until last week, anyway) Peter Mandelson.
And over the years, there have been some remarkable and historic meetings and relationships, good and bad, between UK prime ministers and American presidents.
From Churchill and Roosevelt to Eden and Eisenhower, from Macmillan and JFK to Wilson and Johnson, from Thatcher and Reagan, to Blair and Bush, and from Cameron and Obama… to Starmer and Trump, perhaps?
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4:08
‘History’ that binds the UK and US
A brief history of relationships between PMs and presidents
Throughout UK-US history, there have been many examples of a good relationship and close bond between a Labour prime minister and a Republican president. And vice versa.
Also, it has not always been rosy between prime ministers and presidents of the two sister parties. There have been big fallings out: over Suez, Vietnam and the Caribbean island of Grenada.
Leading up to this Chequers summit, the omens have not been good.
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Trump meets Starmer: What can we expect?
Second, the president arrived in the UK to a barrage of criticism from London Mayor Sir Sadiq Khan, who accused him of doing more than anyone else to encourage the intolerant far right across the globe.
Image: Churchill and FDR at the White House in 1941. Pic: AP
Back in the mid-20th century, the godfather of the “special relationship” was wartime leader Sir Winston Churchill, though it was 1946 before he first coined the phrase in a speech in the US, in which he also spoke of the “iron curtain”.
It was in 1941 that Churchill held one of the most significant meetings with a US president, Franklin D Roosevelt, at a Washington conference to plot the defeat of Germany after Japan’s attack on Pearl Harbour.
Churchill arrived in Washington in December after a rough 10-day voyage on a Royal Navy battleship and stayed three weeks, spending Christmas in the White House and on Boxing Day becoming the first UK PM to address Congress.
The close bond between Churchill and Roosevelt was described as a friendship that saved the world. It was even claimed one reason the pair got on famously was that they were both renowned cigar smokers.
Churchill and Truman
Image: Churchill and Truman catch a train from Washington in 1946. Pic: AP
After the war ended, Churchill’s “special relationship” speech, describing the alliance between the UK and US, was delivered at Westminster College, in Fulton, Missouri in March 1946.
The speech was introduced by President Harry Truman, a Democrat, with whom Churchill had attended the Potsdam Conference in 1945 to negotiate the terms of ending the war.
These two were also close friends and would write handwritten letters to each other and address one another as Harry and Winston. Mr Truman was also the only US president to visit Churchill at Chartwell, his family home.
Eden and Eisenhower
Image: Eden and Eisenhower shake hands at the conclusion of their three-day conference in 1956. Pic: AP
But the transatlantic cosiness came to an abrupt end in the 1950s, when Churchill’s Conservative successor Anthony Eden fell out badly with the Republican president Dwight Eisenhower over the Suez Crisis.
Mr Eden did visit Mr Eisenhower in Washington in January 1956, and the official record of the meeting describes the discussion as focussing on “policy differences and Cold War problems”.
Macmillan and JFK
Image: Harold Macmillan and John F Kennedy at Andrews Air Force Base. Pic: AP
But in the early 1960s, a Conservative prime minister and a Democrat president with seemingly nothing in common, the stuffy and diffident Harold Macmillan, and the charismatic John F Kennedy, repaired the damage.
They were credited with rescuing the special relationship after the rupture of the Suez Crisis, at a time of high tensions around the world: the Berlin Wall, the Cuban missile crisis, and the threat of nuclear weapons.
The two leaders exchanged handwritten notes, as well as Christmas and birthday cards. The Macmillans visited the Kennedys twice at the White House, in 1961 and 1962 – the second described in the US as a “momentous” meeting on the Cuban crisis.
The relationship was abruptly cut short in 1963 by “Supermac’s” demise prompted by the Profumo scandal, and JFK’s assassination in Dallas. But after her husband’s death, Jacqueline Kennedy was said to have had a father-daughter relationship with Macmillan, who was said to have been enchanted with her.
Wilson and LBJ
Image: Johnson meeting with Wilson. Pic: Glasshouse Images/Shutterstock
After JFK, the so-called “special relationship” cooled once again – and under a Labour prime minister and Democrat president – when Harold Wilson rejected pressure from Lyndon B Johnson to send British troops to Vietnam.
Mr Wilson became prime minister in 1964, just two months after LBJ sent US troops. His first overseas trip was to the White House, in December 1964, and the PM returned to tell his cabinet: “Lyndon Johnson is begging me even to send a bagpipe band to Vietnam.”
Thatcher and Reagan
Image: Thatcher at Reagan’s 83rd birthday celebrations. Pic: Reuters
And even though Margaret Thatcher and Ronald Reagan were ideological soulmates, Thatcher was furious when she wasn’t consulted before the Americans invaded Grenada in 1983 to topple a Marxist regime.
Even worse, according to Mrs Thatcher allies, a year earlier, Reagan had stayed neutral during the Falklands war. Reagan said he couldn’t understand why two US allies were arguing over “that little ice-cold bunch of land down there”.
Image: Thatcher and Reagan became firm friends. Pic: Reuters
But their relationship didn’t just survive, it flourished, including at one memorable visit to the presidential retreat at Camp David in 1984, where President Reagan famously drove Mrs T around in a golf buggy.
They would also memorably dance together at White House balls.
Blair and Bush
Image: Blair hosts Bush in Durham in 2003. Pic: PA
Camp David was also where in 2001 the Republican president George W Bush and Labour’s Sir Tony Blair embarked on the defining mission of his premiership: the Iraq War. It was to prove to be an historic encounter.
The war was the turning point of Sir Tony’s decade in Number 10. He was branded a liar over claims about Saddam Hussein’s “weapons of mass destruction”, he was vilified by the Labour left, and it was the beginning of the end for him.
And to add to the suspicion among Sir Tony’s critics that he was Mr Bush’s poodle, in 2006 at a G8 summit in St Petersburg – that wouldn’t happen now – a rogue microphone picked up the president calling, “Yo, Blair! How are you doing?”
Cameron and Obama
Image: Cameron and Obama serve food at a barbecue in the garden of 10 Downing Street. Pic: Reuters
Some years later, the Tory prime minister sometimes called the “heir to Blair”, David Cameron, bonded over burgers with the Democrat president Barack Obama, serving a BBQ lunch to military families in the Downing Street garden. They also played golf at the exclusive Grove resort in 2016.
They seemed unlikely allies: Obama, the first African-American president, and Cameron, the 19th old Etonian prime minister. It was claimed they had a “transatlantic bromance” in office. “Yes, he sometimes calls me bro,” Lord Cameron admitted.
But not everything went well.
The Tory PM persuaded Mr Obama to help the Remain campaign in the 2016 Brexit referendum, when he claimed the UK would be “at the back of the queue” on trade deals with the US, if it left the EU. It backfired, of course.
Now it’s Sir Keir Starmer’s turn to tread a delicate and potentially hazardous political tightrope as he entertains the latest – and most unconventional – US president.
The greatest dangers for Sir Keir will be a news conference in the afternoon, in the gardens, if the weather permits.
Good luck, as they say, with that.
Before then, there’s the potential for what the Americans call a “pool spray”, one of those impromptu, rambling and unpredictable Q&As we’ve seen so many times in the Oval Office.
For Sir Keir, what could possibly go wrong?
Chequers ’25 could be memorable and notable, like so many previous meetings between a PM and a president. But not necessarily for the right reasons for this UK prime minister.