In a recent congressional trade report, Darrell E. Issa, a member of Congress representing California's 48th district, has been reported to have made significant sales in Treasury Bills. The transactions were made from two separate investment accounts, Account 1-Investment account-496 and Account 2 Investment account-838.
On multiple occasions, Issa sold parts of the Treasury Bill CUSIP 912796YN3, due on April 6, 2023. These partial sales occurred on February 9, February 23, March 10, March 15, and March 24, 2023. Each sale was valued between $5,000,001 and $25,000,000. All these transactions were conducted from the Account 2 Investment account-838.
In addition to these transactions, Issa also sold the entirety of two other Treasury Bills from Account 1-Investment account-496. The first was Treasury Bill CUSIP 91279FN2, due on June 13, 2023, which was sold six weeks prior to its maturity date. The second was the US Treasury Bill CUSIP 912796ZG7, due on June 1, 2023, sold one month before its maturity. Both sales were valued between $5,000,001 and $25,000,000.
These transactions represent significant activity in Treasury Bills by Darrell E. Issa. As these are government securities, they are generally considered to be a safe investment, offering a fixed rate of return upon maturity. However, the sales prior to maturity indicate a strategic move by Issa, possibly to free up capital for other investments or to mitigate potential risks.
These transactions were made in compliance with the STOCK Act, which requires members of Congress to disclose their trades to maintain transparency and avoid potential conflicts of interest. The disclosed sales were certified as true, complete, and correct by Darrell E. Issa.
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