Ryan calls for SEC investigation into stock purchases of USPS vehicle manufacturer [View all]
Congressman Tim Ryan is calling on the Securities and Exchange Commission (SEC) to investigate stock purchases made just hours before an announcement of a contract between the Postal Service and the Oshkosh Corporation.
According to the release, $54 million in Oshkosh stock was purchased less than 24 hours before Postmaster General Louis DeJoy publicly announced their contract with the USPS.
The contract between the two is worth $6 billion to replace the USPS fleet of vehicles.
Ryan, Senator Sherrod Brown and Congresswoman Marcy Kaptur sent a letter to President Biden last week urging him to halt the postal truck contract.
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https://www.wfmj.com/story/43464421/ryan-calls-for-sec-investigation-into-stock-purchases-of-usps-vehicle-manufacturer
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