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The Marshall Plan: Senator Passes ‘Fauci Act’ Enforcing Publication of Financial Interests

Senator Roger Marshall said today he plans to pass a “Fauci Act” that would force the disclosure of financial interests after Chief Medical Officer Dr. Anthony Fauci called him an “idiot” during a Senate panel dispute.

The Republican senator said he would introduce a bill that would require the Office of Government Ethics (OGE) to provide the financial data to government officials whose information is not yet public.

The legislation, titled the Financial Accountability for Uniquely Compensated Individuals (FAUCI) Act, came after Marshall and Fauci had a heated argument in which the doctor called the senator an “idiot.”

Fauci claimed he called Marshall an “idiot” for not knowing the financial disclosures of government employees were public, but the Kansas Republican claimed the infectious disease expert’s data has not been made public since the start of the pandemic.

Marshall asked, “As the highest-paid employee in the entire federal government, yes or no, would you be willing to present to Congress and the public a financial disclosure that includes your past and current investments?”

“I don’t understand why you’re asking me that question,” Fauci replied. “My financial disclosure is well known and has been for about 37 years or so, 35 years.”

Fauci was then caught on his microphone and said, “What an idiot, Jesus Christ!”

Senator Roger Marshall said today he plans to pass a

Senator Roger Marshall said today he plans to pass a “Fauci Act” that would force the disclosure of financial interests after Chief Medical Officer Dr. Anthony Fauci (pictured) called him an ‘idiot’ during Senate panel clash

Republican Senator Roger Marshall (pictured) said he would introduce a bill that would require the Office of Government Ethics (OGE) to disclose the financial records of government officials whose information is not yet public.

Republican Senator Roger Marshall (pictured) said he would introduce a bill that would require the Office of Government Ethics (OGE) to disclose the financial records of government officials whose information is not yet public.

In the wake of Tuesday night’s brief exchange, Fauci told MSNBC’s All In with Chris Hayes that it was “stunning to me” that Marshall was unaware that “my financial statement is widely known.”

Publicly available is a financial disclosure form signed by Fauci in April 2020 that covers its transactions for 2019, a document full of redactions.

DailyMail.com has filed a FOIA request for Fauci’s more recent financial disclosures.

Conservative group Judicial Watch has filed suit after the National Institutes of Health, which falls under its health and human services, failed to respond to three FOIA requests from January to September 2021 for Fauci’s employment contracts, daily calendars, confidentiality agreements, recent financial disclosures and a list of royalties paid.

‘Dr. Fauci was clearly shocked by my simple way of asking questions. Rather than agree to publicly disclose his financial disclosures, he chose to distort the truth and once again mislead the American people,” Marshall told DailyMail.com of the exchange.

“Since he is the highest paid employee in the entire federal government, Dr. Fauci make his financial disclosures easily accessible to the public and put all his cards on the table.”

Fauci had said that if the senator was looking for his financial records, “all you have to do is ask.” Marshall claims his office can’t find Fauci’s records.

sen.  Roger Marshall, a Republican from Kansas, showed an inflated fake check for Dr.  Anthony Fauci at Tuesday's Senate Health Committee hearing with Biden's chief medical adviser

sen. Roger Marshall, a Republican from Kansas, showed an inflated fake check for Dr. Anthony Fauci at Tuesday’s Senate Health Committee hearing with Biden’s chief medical adviser

Fauci aggressively fought back allegations of silencing dissenting scientists and insider trading during a hearing aimed at the federal government's Covid response

Fauci aggressively fought back allegations of silencing dissenting scientists and insider trading during a hearing aimed at the federal government’s Covid response

The information in OGE Form 278e, requested by Center for Public Integrity reporter Liz Essley Whyte and signed by Fauci in April 2020, shows the 81-year-old invested primarily in stock funds, bond funds and money markets. It contained no individual pharmaceutical stocks.

Much of the document contains information from Fauci’s Schwab One Trust Account with financial services firm Charles Schwab.

It also shows Fauci is listed as an editor and contributor to McGraw-Hill Publishers beginning in 1983, and according to the 2020 filing, he has received royalties between $100,001 and $1,000,000 for editing the Harrison’s Principles of Internal Textbook. medicine.

He also has a stake in the Jackson Filmore Italian restaurant in San Francisco, valued at between $1,001 and $15,000.

As Forbes Contributor Adam Andrzejewski noted on Wednesday: “It is not public which stocks and bonds Dr. Fauci bought and sold in 2020 or 2021 as he influenced Covid policy.”

dr.  Fauci was joined by top health officials from the Biden administration, including CDC director Dr.  Rochelle Walensky at Monday's controversial hearing

dr. Fauci was joined by top health officials from the Biden administration, including CDC director Dr. Rochelle Walensky at Monday’s controversial hearing

Marshall had suggested in his questioning during Tuesday’s hearing that Fauci, who brings in an annual salary of $434,212, was engaged in insider trading.

“It’s just one example, again, he suggested, if you listen to the whole dialogue, that in my position in charge of drug trials and with so-called inside knowledge of which drug works and which drug doesn’t, maybe I did here.” investment as a kind of head start,” Fauci told Hayes.

“He suggested that completely, and he stated that we can’t get your financial statement,” Fauci continued.

Hayes said Fauci, the chief medical adviser to President Joe Biden and the director of the National Institute of Allergy and Infectious Diseases, was “a little frustrated with that line of research” from Marshall, a Republican from Kansas.

When Marshall’s time was up, the infectious disease expert was heard sighing, “What an idiot, Jesus Christ.”

He and Rochelle Walensky, director of the Centers for Disease Control and Prevention, appeared before the Senate panel to defend the Biden government’s response to the Covid-19 pandemic as it approaches the end of its second year and the administration and the agency are facing a crisis of confidence and trust.

REPUBLICAN SENATOR ROGER MARSHALL AND ANTHONY FAUCI GO TO WAR: READ THE TENSIONED EXCHANGES IN FULL

Senator Roger Marshall: Your annual salary in 2020 was $434,000. You oversee more than $5 billion in federal research grants as the highest paid employee in the entire federal government. Yes or No: Would you be willing to submit to Congress and the public a financial disclosure that includes your past and current investments? After all, your colleague Dr. Walensky and each congressman make a financial disclosure in which their investments are recorded.

Fauci: I don’t understand why you’re asking me that question. My financial disclosure is well known and has been for some 37 years – 35 years – they have been direct.

marshall: But the big tech giants are doing a fantastic job of keeping it from going public. We’ll keep looking for it.

Fauci: What?

marshall: Where would we find it?

Fauci: What? All you have to do is ask for it. I – I – you are so misinformed. It’s extraordinary. All you have to do is ask for it.

marshall: Why am I misinformed? This is a huge problem. Wouldn’t you agree with me that – that you have a – you see things before members of Congress would see them, so it seems like – that there might be some shenanigans going on? You know, I don’t think that – I assume it isn’t.

Fauci: What are you talking about? My – my financial disclosures are well known and have been. You get amazing misinformation.

marshall: So – I – I can’t find them –

Fauci: – What are you talking about?

marshall: Our office can’t find them. Where would they be if they were widely known? True?

President Patty Murray: Senator — Senator —

Fauci: It is completely accessible to you, if you wish.

marshall: For the public? Is that accessible to the public?

Fauci: To the public. To the public.

marshall: Awesome. We look forward to reviewing it.

Murray: Senator Marshall.

Fauci: You are totally wrong.

Murray: Senator Marshall.

marshall: Well, we look forward to reviewing it.

Murray: Senator Marshall, Dr. Fauci answered you. It’s public information and he’s happy to give it to you if you ask. [Moving to next Senator] Senator Moran.

Fauci: [Hot mic] What an idiot. Jesus Christ.

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