REP. FRED UPTON (R-MI)

On July 2, 1993, Rep. Upton purchased between 1,000 and 15,000 dollars worth of stock in Perrigo (a pharmaceutical manufacturer based in Allegan, MI), and between 1,000 and 15,000 dollars worth of stock in Stryker (an orthopedic, prosthetic and surgical supplies manufacturer base in Kalamazoo, MI).

One day earlier (on July 1, 1993), a massive health care reform bill was introduced in the House and referred to Rep. Upton's House Energy and Commerce Committee. The bill was H.R. 2610: MEDIPLAN HEALTH CARE ACT...To amend the Social Security Act and the Internal Revenue Code of 1986 to provide a Mediplan that assures the provision of health insurance coverage to all residents (Referred to the House Energy and Commerce Committee and the House Ways and Means Committee; Pending). Three Titles are in this bill: 1) Health Care Eligibility and Benefits, 2) Cost Containment, and 3) Financing Provisions.

Interestingly enough, Perrigo announced on July 14, 1993 (12 days after Rep. Upton's purchase) a 2-for-1 stock split!!!

POLITICAL MONEY NOTES: Since 1990, Rep. Upton has accepted at least $3,500 in campaign contributions from Stryker, including $3,000 from Stryker's President and CEO (John Brown).

NOTES: Rep. Upton is # 10 on the House Energy and Commerce Committee; he is # 5 on the House Energy and Commerce Subcommittee on Health.

STAFFER MARTHA AUSTIN:

Ms. Austin is a staff member assigned to Sen. Judd Gregg (R-NH).

On May 12, 1993, Ms. Austin purchased between 1,000 and 15,000 dollars worth of stock in TCI (Tele-Communications Corp.), as well as 1,000 to 15,000 dollars worth of stock in General Communication Inc. (a susidiary of TCI).

On the same day (May 12, 1993), a bill was introduced in the Senate that would cause TCI grave concern. The bill was S. 943: CHILDREN'S TELEVISION VIOLENCE PROTECTION ACT...To protect children from the physical and mental harm resulting from violence contained in television programs (Referred to Senate Commerce; Pending).

The television violence issue was a hot-one indeed during this month. Industry executives were most displeased with Congress' aggressive attempts to paint them as evil-doers. According to a May 13, 1993 article in the Hollywood Reporter, Rep. John Bryant (D-TX) was quoted as saying, "It is sickening, in my opinion, what you put on TV, and it's an outrage." According to this article, Rep. Bryant compared television executives to the tobacco industry. He is quoted as saying, "You guys are just the same. You are no different than the people who are trying to sell Americans cigarettes. I don't think we ought to waste any time listening to these Gucci-clad network executives."

NOTES: Sen. Gregg is # 4 on the Senate Labor and Human Resources Subcommittee on Children; he is # 4 Senate Labor and Human Resources Subcommittee on Education, Arts and Humanities. Therefore, Sen. Gregg has "expertise" and "insight" that he could lend to the debate on children and television violence.

STAFFER JONATHAN CHAMBERS:

Mr. Chambers is a staff member assigned to the Senate Commerce Committee.

• During 1993, Mr. Chambers made at least three purchases that may have been INITIAL PUBLIC OFFERINGS. The following firms had IPOs in progress:

Boston Chicken: (P) 11/9/93 (S) 11/9/93 $1,000-15,000

MFS Communications: (P) 5/20/93-6/10/93 $4,000-60,000

(S) 8/6/93-8/30/93 $4,000-60,000

Holophane: (P) 10/29 and 11/1/93 $2,000-30,000

• On May 5, 1993, Mr. Chambers purchased between 1,000 and 15,000 dollars worth of stock in Philip Morris. He made two additional 1,000-15,000 purchases: May 12 and October 27.

The day before his initial purchase (May 4), a bill was introduced in the House that would do grave damage to Philip Morris. The bill was, HR 1966: FEDERAL CIGARETTE LABELING AND ADVERTISING ACT AMENDMENT. [Referred to the House Energy and Commerce, pending]. This bill would require cigarette manufacturers to lable their products with information concerning the addictive quality of nicotine. The SENATE version of this bill was introduced on November 18, 1993 as S. 1671, and was referred to the Senate COMMERCE Committee.

• On October 8, 1993, Mr. Chambers purchased between 1,000 and 15,000 dollars worth of stock in General Electric. At the same time, Congress was finishing their work on an Energy Appropriations bill (HR 2445). This particular bill contained appropriations for atomic weapons to the tune of 3.5 billion dollars. The Senate had finished their work on October 5, and requested concurrence of the House. The House disagreed with the Senate version, and moved to a conference on October 12. President Clinton signed the bill (103 PL 126) on October 28, 1993. Mr. Chambers sold his GE stock on November 9, 1993.

• On January 21, 1993, Mr. Chambers purchased between 1,000 and 15,000 dollars worth of stock in AST Research (a computer electronic supplier). On the same day (January 21), a bill was introduced in the Senate that would appear to help AST. The bill was, S. 4: NATIONAL COMPETITIVENESS ACT. This bill would amend the Stevenson-Wydler Technology Innovation Act to enhance the development and nationwide deployment of manufacturing technologies. The bill contains plenty of appropriations involving computer technology. This bill was referred to the Senate COMMERCE committee. Mr. Chambers sold his AST stock on April 19, 1993.

Notes: Mr. Chambers reports capital gains from his MFS Communications IPO transaction ranging between $5,000 to $15,000.

STAFFER JOHN CUMMINGS:

Mr. Cummings is Executive Assistant to Sen. Claiborne Pell (D-RI).

On August 7, 1992, Mr. Cummings purchased between 1,000 and 15,000 dollars worth of stock in Valence Technology. He sold this stock on October 29, 1992 for a reported capital gains between 1,000 and 2,500 dollars. Valence Technology, in conjunction with General Motors' Delco-Remy division, developed the proprietary solid-state lithium polymer battery--for potential use in electric cars.

During this time, the U.S. Advanced Battery Consortium (a group including General Motors, Ford, Chrysler, the U.S. Department of Energy, and the Electric Power Research Institute) were finalizing their proposals to award contracts to develop batteries for electric cars. The consortium receives 50 percent of its funding from the Federal Government.

On October 29, 1992 (the same day Mr. Cummings sold his stock), Reuters reported that Valence Technology received a contract from the consortium.

NOTES: In 1992, Sen. Pell reports stock ownership in General Motors between 60,000 and 115,000 dollars.

STAFFER MATTHEW FLETCHER:

Matthew Fletcher is a staff member assigned to the House Government Operations Committee; according to the latest information I have, Mr. Fletcher is Minority Staff Director on that Committee.

One of the responsibilities of the House Government Operations Committee concerns, "...Intergovernmental relationships between the United States and the States and municipalities, and general revenue sharing...."

On March 26, 1992, Mr. Fletcher purchased between 1,000 and 15,000 dollars worth of stock in Video Lottery Technologies, Inc.. According to VLT's annual report, they manufacture and market video terminals and central control software for the video lottery market; they provide gaming systems and services to government lottery authorities and off-track betting networks.

Mr. Fletcher's Video Lottery purchase coincides with two legislative actions. The first action was Congressional debate on H.R. 74: PROHIBITING SPORTS GAMBLING UNDER STATE LAW, and S. 474: PROFESSIONAL AND AMATEUR SPORTS PROTECTION ACT (Became P.L. 102-559 on October 28, 1992)...To make it unlawful for a government entity...to operate, sponsor, advertise, promote, license, or authorize a lottery, sweepstakes, or other betting, gambling or wagering scheme based, directly or indirectly, on one or more competitive games in which amateur or professional athletes participate.

The second action was the March 26, 1992 (the SAME DAY Mr. Fletcher purchased his stock) introduction of H.R. 4613: STATES AND LOCAL LEGISLATIVE PREROGATIVES PRESERVATION ACT...To clarify the application of federal preemption of State and local laws, to preserve State and local legislative rights and prerogatives. Thsi bill was introduced by a Minority Member of the House Government Operations Committee (Rep. Craig Thomas, R-WY), and referred to the House Government Operations Committee.

STAFFER WILLIAM GWALTNEY:

Mr. Gwaltney is a staff member assigned to the Senate Appropriations Committee.

On July 8, 1993, Mr. Gwaltney purchased between 1,000 and 15,000 dollars worth of stock in Sage Alerting Systems. He later sold this stock on July 29, 1993. Sage manufactures emergency alerting and radiation/chemical monitoring systems for industrial and government users.

On July 14, 1993 (six days after his purchase), Reuters reported that an operating unit of Sage Alerting Systems (Potomac Digital) was awarded a GOVERNMENT CONTRACT.

STAFFER TIMOTHY HAY:

Mr. Hay was a staff member assigned to Sen. Bryan (D-NV) as an Administrative Assistant.

On November 14, 1993, Mr. Hay purchased between 15,000 and 50,000 dollars worth of stock in Philip Morris.

Four days after his purchase (on November 18, 1993), a bill was introduced in the Senate, and referred to Sen. Bryan's Senate Commerce Committee, that would cause Philip Morris grave concern. The bill was S. 1671: CIGARETTE PROMOTIONAL PRODUCT LABELING ACT...To require that promotional products for cigarettes bear lables warning the public of the health dangers associated with cigarette smoking (Pending).

PAC MONEY NOTES: Since 1991, Sen. Bryan has accepted at least $5,000 in campaign contributions from Philip Morris.

NOTES: Sen. Bryan is # 1 on the Senate Commerce Subcommittee on the Consumer.

STAFFER SUSAN MAGILL:

Ms. Magill is Administrative Assistant to Sen. John Warner (R-VA).

On July 14, 1992, Ms. Magill purchased between 1,000 and 15,000 dollars worth of stock in Boeing.

Throughout July, Sen. Warner's Senate Armed Services Committee was busy considering appropriations (viz. S. 2629: STRATEGIC AND CRITICAL MATERIALS STOCKPILING ACT) for two defense programs of interest to Boeing: 1) SDI and 2) the B-2 Bomber. Boeing Aerospace and Electronics was receiving SDI funding to develop, in cooperation with Los Alamos, an APLE free-electron laser. Boeing was also receiving funding to manufacture the Advanced Application Rotary Launchers for the B-2 Bomber (Boeing was awarded a $27 million contract on June 30, 1992 for an order of 12 AARLs).

On July 1, 1992, Sen. Dale Bumpers introduced S. 2933: DEFICIT REDUCTION THRU REDUCTION OF SDI ACT...Prohibits funds authorized to be appropriated for FY 1993 to the defense agencies for activities of the Strategic Defense Initiative from exceeding $2,000,000,000 (Referred to Senate Armed Services Committee; Not Enacted).

Earlier in the year (on March 26, 1992), Rep. Santorum (R-PA) introduced H.R. 4608: CANCEL THE REMAINDER OF THE B-2 BOMBER AIRCRAFT PROGRAM (Referred to House Armed Services Committee; Not Enacted).

As it turns out, the Senate Armed Services Committee approved (on July 24, 1992), by voice vote, 4.3 billion dollars for SDI and 2.7 billion dollars for four additional B-2 Bombers (see July 27, 1992 article in the Daily Report For Executives).

STAFFER MARCIA MILLER:

Ms. Miller is a staff member assigned to the Senate Finance Committee.

On September 29, 1993, Ms. Miller purchased between 1,000 and 15,000 dollars worth of stock in Novell Inc.; also on that day, she purchased between 1,000 and 15,000 dollars worth of stock in Borland International.

On October 1, 1993, Ms. Miller purchased between 1,000 and 15,000 dollars worth of stock in Sun Microsystems.

One week earlier (September 22, 1993), the House introduced H.R. 3116: DEPARTMENT OF DEFENSE APPROPRIATIONS ACT FOR FY94. This bill contained, as expected, significant appropriations for computer networks, computer software, and computers.

NOTES: I found an interesting computer middleman known as GOVERNMENT TECHNOLOGY SERVICES INC. They sell computer hardware, software, and networking systems to virtually all agencies and departments of the Government. Among those vendors they handle are, Sun Microsystems, Novell and Borland International.

STAFFER PETER ROUSE:

Mr. Rouse is a staff member assigned to Sen. Daschle (D-SD) as an Administrative Assistant.

On March 12, 1993, Mr. Rouse purchased between 1,000 and 15,000 dollars worth of stock in Genentech (a major pharmaceutical company). He later sold this stock on October 13, 1993

Five days after his purchase (on March 17, 1993), a bill was introduced in the Senate, and referred to Sen. Daschle's Senate Finance Committee, that might affect Genentech. The bill was S. 607: To amend the Harmonized Schedule of the United States with respect to the tariff treatment of pharmaceutical grade phospholipids and soybean oil (Pending).

Genentech, of course, performs research on phospholipids!!

NOTES: Sen. Daschle is # 8 on the Senate Finance Subcommittee on International Trade.

STAFFER TRUDY VINCENT:

Ms. Vincent is a staff member assigned to Sen. Bradley (D-NJ) as Legislative Director.

• On May 3, 1993, Ms. Vincent purchased between 1,000 and 15,000 dollars worth of stock in Armco Inc. (a large steel producer). Armco manufactures, among other products, steel pipe and tubes.

The timing of the Armco purchase is interesting because Sen. Bradley's Finance Committee had, at that time, a bill before it that would affect Armco. The bill was S. 757: PIPE AND TUBE INVERTED TARIFF CORRECTION ACT...To correct the tariff rate version on certain iron and steel pipe and tube products (Introduced April 2, 1993; Pending).

• Also on May 3, 1993, Ms. Vincent purchased between 1,000 and 15,000 dollars worth of stock in US Healthcare.

One day after her purchase (on May 4, 1993), a bill was introduced in the Senate, and referred to Sen. Bradley's Senate Finance Committee, that might affect US Healthcare. The bill was S. 867: NATIONAL HEALTH CARE ANTI-FRAUD AND ABUSE ACT...To amend title XI of the Social Security Act to extend the penalties for fraud and abuse assessed against providers under the medicare program and State health care programs to providers under all health care programs (Pending).

NOTES: Sen. Bradley is # 4 on the Senate Finance Subcommittee on International Trade; he is # 2 on the Senate Finance Subcommittee on Health.

STAFFER ROBERT WALLACE:

Robert Wallace is a staff member assigned to the Senate Energy and Natural Resources Committee.

• On March 5, 1993, Mr. Wallace purchased between 1,000 and 15,000 dollars worth of stock in General Electric. He later sold this stock on June 10, 1993.

Three days earlier (March 2, 1993), a bill was introduced in the Senate (and referred to Energy and Natural Resources) that would appear to help General Electric. The bill was S. 473: DEPARTMENT OF ENERGY NATIONAL COMPETITIVENESS TECHNOLOGY PARTNERSHIP ACT...To promote the industrial competitiveness and economic growth of the United States by strengthening the likages between the laboratories of the Department of Energy and the private sector, and by supporting the development and application of technologies critical to the economic, scientific, and technological competitiveness of the United States.

• On February 26, 1993, Mr. Wallace purchased between 1,000 and 15,000 dollars worth of stock in Circus, Circus Enterprises (a huge casino gambling company). He later sold this stock on June 2, 1993.

Three days earlier (February 23, 1993), a bill was introduced in the House (and referred to the House Natural Resources Committee) that would appear to greatly affect Circus, Circus. The bill was H.R. 1028: INDIAN GAMING REGULATORY ACT AMENDMENT.

• During the first-half of 1993, Mr. Wallace was actively trading stock in mining firms at a time when the Senate was aggressively considering S. 257: MINERALS ACT...To modify the requirements applicable to locatable minerals on public domain lands. This bill was introduced on January 28, 1993 and referred to Senate Energy and Natural Resources. Mr. Wallace's transactions are as follows:

Carlin Gold: P 3/26/93 $1,000 - $15,000

Eagle Mines: S 5/6/93; 5/24/93 $2,000 - $30,000

BGR Precious Metals: P 6/2/93 $1,000 - $15,000

Jan Bell Marketing: S 2/24/93 $1,000 - $15,000

Jan Bell Marketing: P 6/25/93 $1,000 - $15,000

NOTE: I've included Jan Bell Marketing because they sell precious metals and stones.

STAFFER EDITH WILKIE:

Edith Wilkie is Director of the House Arms Control and Foreign Policy Caucus. She is also married to Rep. Don Edwards (D-CA).

• On July 30, 1993, Ms. Wilkie purchased between 1,000 and 15,000 dollars worth of what appears to have been an INITIAL PUBLIC OFFERING in Starsight Telecast, Inc.

• On August 3, 1993, Ms. Wilkie purchased between 1,000 and 15,000 dollars worth of stock in WMX Technologies (a solid and toxic waste disposal firm).

On the same day (August 3), a bill was introduced in the House that could affect WMX. The bill was: HR 2848: INTERSTATE TRANSPORTATION OF MUNICIPAL WASTE ACT. This bill amends the Solid Waste Disposal Act to authorize a State Governor to prohibit the disposal of out-of-State municipal waste in any landfill or incinerator in the State.

STAFFER DAVID A. YORK:

Throughout 1991, Mr. York executed five purchases and four sales of Comair stock. All but one of these trades (December 16, 1991...sale...$15,000 - $50,000) were valued between 1,000 and 15,000 dollars.

Throughout 1992, Mr. York executed five purchases and two sales of Comair stock. All but one of these trades (October 14, 1992...sale...$15,000 - $50,000) were valued between 1,000 and 15,000 dollars.

During this time period, Congressional budget-cutters were targeting the FAA for cuts. The FAA responded by threatening to eliminate as many as 6,000 daily flights to reduce the burden on air-traffic controllers. Naturally, Comair and its affiliate would not want daily flight reductions.

• On February 5, 1993, Mr. York purchased between 1,000 and 15,000 dollars worth of stock in Calgene. he later sold this stock on November 1, 1993. Calgene is a biotech firm specializing in genetically engineered produce. Mr. York's purchase coincides with a number of interesting events.

1. On February 2, 1993, Calgene completed a 2-million share common stock offering.

2. On February 3, 1993, a bill was introduced in the House that would interest Calgene. The bill was H.R. 760: AMENDMENT TO TITLE 35, U.S. CODE ON PATENTS...To amend title 35 with respect to Biotechnological Process and Biotechnological Material Patents.

3. On February 5, 1993 (the same day as Mr. York's stock purchase), Calgene files suit against Enzo Biochem to have Enzo's anti-sense patent declared invalid and be awarded damages.

4. On February 26, 1993, Reuters reports that Calgene won a patent to genetically engineer Brassica cells (broccoli, etc...).

NOTES: See my analysis of Rep. Bunning for ties to Comair and Delta Airlines.