8 congressmen most invested in cruise ships, which CDC says to avoid
- The CDC is warning travelers to avoid cruise ships, even if they are fully vaccinated, due to Omicron.
- 8 members of Congress own at least $ 1,000 in stock in 3 different major cruise lines.
- Insider’s proprietary database reveals the assets, stock transactions, and debts of every member of Congress.
The Centers for Disease Control and Prevention is even warning fully vaccinated travelers to stay away from cruise ships amid the surge of the Omicron variant of COVID-19.
The agency’s decision, which cites the “close quarters” of ships and a recent wave of epidemics, caused the stock prices of major cruise lines to drop. The Cruise Lines International Association told Insider in a statement it was “disappointed and disagreed” with the high travel warning, calling the agency’s decision “particularly puzzled.”
Another group of people who may be disappointed are members of Congress, both Democrats and Republicans, who have invested in Royal Caribbean Cruises, Norwegian Cruise Line, or Carnival.
In the wake of Insider’s recently published Conflicted Congress investigation – which found dozens of members in violation of STOCK law and exposed several possible conflicts of interest – Insider produced an exclusive database of personal finances from each legislator.
Searchable and searchable databases for the House and Senate reveal each member’s individual assets, stock transactions, debts, and other outside income.
These are the 8 members of Congress who disclosed the biggest investments in cruise line stocks in 2020.
Republican Peter Meijer of Michigan
Meijer – known to be the descendant of a grocery empire, the only House freshman to ever vote to impeach a president of his own party, and one of 2 lawmakers who surrendered in Afghanistan in the midst of the US withdrawal in August – reported owning between $ 15,001- $ 50,000 of shares in Carnival.
Democratic Representative Susie Lee of Nevada
Lee – whose district includes the outer suburbs of the entertainment capital of Las Vegas – appears to be the most invested congressman in the cruise industry. As of 2020, she and her husband jointly owned up to $ 15,000 in shares in Royal Caribbean through a living trust, while her husband alone owned up to $ 50,000 in Carnival shares.
However, Lee announced that she was separating from her husband in May of this year, and it is unclear how the ownership of their assets might be divided in the future.
Illinois Democratic Representative Marie Newman
Newman, a progressive who beat longtime conservative Democrat Dan Lipinski in a 2020 primary, does not own any stock in cruise lines herself. However, her husband owns between $ 2,000 and $ 30,000 in Carnival stock. Insider reported earlier this year how Newman and her husband have made significant investments in industries linked to the pandemic.
Republican Representative Michael McCaul of Texas
McCaul, the highest-ranking member of the House of Representatives’ foreign affairs committee, also does not own any cruise ship shares himself.
However, in 2020 he reported that his wife and a dependent child each had investments, through a family account, in both Royal Caribbean and Carnival. Each disclosed between $ 5,000 and $ 15,000 in earnings from the former.
Since family members of legislators may have access to sensitive or non-public information, the STOCK Act also requires that their investments be disclosed.
Democratic Representative Dean Phillips of Minnesota
Phillips, who won a seat in suburban Minneapolis after defeating a Republican in 2018, owns between $ 1,000 and $ 15,000 in Royal Caribbean shares.
Republican Representative Lance Gooden of Texas
Gooden, which has represented its Dallas-era headquarters since 2019, owns between $ 1,000 and $ 15,000 in Royal Caribbean stock.
Democratic Senator Gary Peters of Michigan
Peters, who chairs the Senate Democrats’ campaign arm and narrowly won re-election to his Swing State Senate seat last year, owns between $ 1,000 and $ 15,000 in Carnival.
Republican John Rutherford of Florida
Rutherford, which has represented its Jacksonville-era headquarters since 2017, has between $ 1,000 and $ 15,000 in Norwegian Cruise Line.