Republicans call on Oregon Democratic senator to step down over wife’s ‘large’ stock holdings – Washington Examiner

Republicans are calling for Sen. Ron Wyden (D-OR) to step down as the chairman of the Senate Finance Committee over his wife’s major financial investment in prominent tech companies. 

Wyden’s 2022 financial report showed that his wife Nancy Wyden owns up to $3 million in stock across four large tech companies, including Apple, Microsoft, Amazon, and Google, Rolling Stone reported.  

In a letter to Ron Wyden, obtained by Just the News, the New York Young Republican Club, along with other Republican groups, demanded the senator step down from his position, citing concerns that his wife’s financial investments are a conflict of interest as the chairman of the Senate Finance Committee. 

“Mrs. Wyden’s holdings in these companies is an astonishing amount: it’s almost 60 times the value of stock that the median American stock-owning household owns in all companies combined,” club President Gavin Wax wrote. “It is apparently not held in a blind trust. And presumably, as Mrs. Wyden’s husband, you benefit from these holdings directly.”

This isn’t the first time the senator has come into a conflict of interest problem. His wife has also reportedly bought and sold oil company shares while her husband led energy committees.

Ron Wyden, a staunch supporter of internet freedom, has led the push for deregulating Big Tech and pressed President Joe Biden to reverse the Office of the United States Trade Representative’s decision to “allow the free flow of information across borders.”

“Your Committee has direct jurisdiction over issues such as trade agreements and the taxation of multinational corporations,” club leaders wrote. “And we note that even as your household invests in Big Tech companies, you personally are pressing the Biden administration to enshrine a ‘digital trade’ framework into international trade policy that would help Big Tech preemptively shut down regulation.” 

Ron Wyden previously came under fire when critics called him a “carpetbagger” for splitting his time between his homes in Portland, Oregon, and New York City and Washington, D.C.  

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While Republicans are claiming that because of his wife’s stock holdings, Ron Wyden has ties to Big Tech, a spokesperson for Ron Wyden told the New York Times that he and his wife keep their finances separate, and another told Rolling Stone that they “do not discuss their work.” 

Ron Wyden did not respond to the Washington Examiner’s request for comment.

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