SEN. DUNCAN FAIRCLOTH (R-NC)

On March 23, 1993, Sen. Faircloth purchased between 1,000 and 15,000 dollars worth of stock in Philip Morris. He later sold this stock on August 30, 1993, but did not report any capital gains/losses.

Two days after his purchase (on March 25, 1993), a bill was introduced in the Senate that would cause Philip Morris concern. The bill was S. 652: TOBACCO PRICE SUPPORT ELIMINATION ACT...To eliminate the price support and production adjustment programs for tobacco (Referred to Senate Agriculture; Not Enacted).

One week after his stock purchase (on March 30, 1993), another bill was introduced in the Senate that would cause Philip Morris concern. The bill was S. 672: TOBACCO HEALTH AND SAFETY ACT...To amend the Federal Food, Drug, and Cosmetic Act to regulate the sale and distribution of tobacco products containing tar, nicotine, additives, carbon monoxide, and other potentially harmful constituents (Referred to Senate Commerce; Not Enacted).

POLITICAL MONEY NOTES: Since 1992, Sen. Faircloth has accepted 10,000 dollars in campaign contributions from Philip Morris' PAC, including a $5,000 contribution on December 16, 1992, and another $5,000 contribution on June 11, 1993 (while he was still holding the stock).

NOTES: Sen. Faircloth is # 6 on the Senate Banking Committee; he is # 4 on the Senate Environment and Public Works Committee.