Tags: Trump Administration | Donald Trump | chuck schumer | tom price | confirmation | hhs

Chuck Schumer: Good Chance Rep. Price Won't Be Confirmed at HHS

Image: Chuck Schumer: Good Chance Rep. Price Won't Be Confirmed at HHS

Senate Minority Leader Chuck Schumer (AP)

By    |   Tuesday, 17 Jan 2017 04:46 PM

There's a very good chance Rep. Tom Price won't be confirmed as the secretary for health and human services because of concerns over investments he made in a medical device company a week before introducing a bill to benefit it, Senate Minority Leader Chuck Schumer told CNN Tuesday.

Price last year purchased between $1,001 to $15,000 worth of shares in Zimmer Biomet, then introduced legislation to delay a new regulation that would have damaged the company days later. Zimmer Biomet's political action committee then donated to Price's re-election campaign, reports CNN.

"This is not some broad legislation. ... This is a very narrow, specific company that dealt with implants," said Schumer. "And the legislation specifically affects implants. He puts it in a week after he buys the stock?"

"If he knew about it, it could very well be a violation of the law," Schumer said regarding the stock purchase. "Now they say there's a broker, it's kind of strange that this broker would pick this stock totally independently of him introducing legislation that's so narrow and specific to this company."

Price is set to testify before the Health, Education, Labor and Pensions Committee on Wednesday. He will face the Finance Committee at a later date.

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There's a very good chance Rep. Tom Price won't be confirmed as the secretary for health and human services because of concerns over investments he made in a medical device company a week before introducing a bill to benefit it, Senate Minority Leader Chuck Schumer told CNN Tuesday.
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Tuesday, 17 Jan 2017 04:46 PM
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