In the final days before the coronavirus pandemic crashed fully onto American shores, Sen. Richard Burr (R-NC), the chairman of the Senate Intelligence Committee, publicly tried to paint a rosy picture of our chances to fight the virus. He wrote op-eds and released statements, even going so far as to say the US was “lucky” to have a framework “that has put us in a better position than any other country to respond to a public health threat, like the coronavirus.” But, as first reported by NPR on Thursday, he was telling well-connected constituents that the United States was going to get clobbered.

But that’s not all Burr was doing.

According to reports Thursday afternoon from campaign finance watchdog Open Secrets and ProPublica, Burr and his wife also began selling stocks on February 13. A lot of stocks, in fact. According to OpenSecrets, the Burrs sold between $581,000 and $1.5 million in publicly traded stocks—and didn’t buy any new ones. And they didn’t sell just any stocks. They unloaded huge chunks of shares in companies that would soon see their stock prices crater as a result of the coronavirus chaos

Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on Jan. 24, the very day that her committee, the Senate Health Committee, hosted a private, all-senators briefing from administration officials, including the CDC director and Anthony Fauci, the head of the National Institutes of Health of the United States, on the coronavirus.

“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak,” she tweeted about the briefing at the time.

That first transaction was a sale of stock in the company Resideo Technologies worth between $50,001 and $100,000. The company’s stock price has fallen by more than half since then, and the Dow Jones Industrial Average overall has shed approximately 10,000 points, dropping about a third of its value.

It was the first of 29 stock transactions that Loeffler and her husband made through mid-February, all but two of which were sales. One of Loeffler’s two purchases was stock worth between $100,000 and $250,000 in Citrix, a technology company that offers teleworking software and which has seen a small bump in its stock price since Loeffler bought in as a result of coronavirus-induced market turmoil.
I am trying to verify the stories from outlets with less of a slant than Mother Jones or The Daily Beast. I'm not sure why the mainstream news outlets aren't touching this. Even Fox did a piece on Burr. Such conduct is illegal as well as immoral, isn't it. Or is there no version of "insider trading" laws that apply to elected officials?

Assuming this is true, it's utterly disgusting.