Ryan calls for SEC investigation into stock purchases of USPS vehicle manufacturer

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