Congresswoman Mikie Sherrill (NJ-11) joined her House Democratic colleagues to back new legislation that would restrict Elon Musk and his DOGE cronies from being able to access and abuse American’s personal information at the Department of the Treasury. Additionally, this legislation would provide additional congressional oversight of the department, in order to limit cyber and national security risks and prevent interference with payments.
“Social Security and Medicare payments are essential, earned benefits that allow Americans to make ends meet — they’re not a political football to be thrown around by Elon Musk and his cronies. That’s why I’m backing legislation that would ensure only the most competent, qualified public servants — without conflicts of interest who have been thoroughly vetted — are able to access sensitive information at the Department of the Treasury. I refuse to let an unelected billionaire — and one of the richest men in the world — go after New Jersey’s seniors and most vulnerable,” said Rep. Sherrill.
The Taxpayer Data Protection Act will limit the Treasury Secretary’s authority to give access to its system only to people who: have the appropriate security clearance, do not have conflicts of interest, are not special government employees, and have been a federal employee for at least a year. Additionally, the legislation requires the Treasury Inspector General to investigate and report to Congress on any unauthorized access and assess any cyber and national security risks and interference with payments associated with unauthorized access.
Sherrill has long been on the frontlines of protecting rights, freedoms, and our Constitution from Donald Trump and his billionaire cronies. She led House Democrats in bringing his first impeachment charges, held House Republicans to account in the wake of January 6th, and is now fighting for strong action in the wake of Elon Musk’s attempt to abuse the federal government to cut benefits for New Jersey families.
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Sherrill Backs Legislation Limiting Musk’s Treasury Department Access
New Jersey Congresswoman Mikie Sherrill has thrown her support behind legislation aimed at limiting Tesla CEO Elon Musk’s access to the Treasury Department. The move comes as Musk continues to face scrutiny over his controversial tweets and business practices.
The legislation, known as the “Musk Accountability Act,” would require Musk to seek approval from the Treasury Department before making any major financial decisions related to his companies. This includes decisions on investments, acquisitions, and stock buybacks.
Sherrill, a Democrat representing New Jersey’s 11th congressional district, has been a vocal critic of Musk in the past. She has raised concerns about his behavior on social media and his handling of Tesla’s finances.
In a statement, Sherrill said, “Elon Musk’s erratic behavior and questionable business practices have raised serious concerns about his ability to make sound financial decisions. This legislation is necessary to ensure that Musk is held accountable for his actions and that the Treasury Department has oversight of his financial activities.”
Musk has come under fire in recent months for his tweets about Tesla’s stock price, which have led to fluctuations in the market. He has also faced criticism for his handling of Tesla’s finances, including a recent decision to sell off $5 billion worth of stock.
The “Musk Accountability Act” is still in the early stages of the legislative process, but Sherrill’s support could help push it forward. If passed, the legislation would mark a significant step in holding Musk accountable for his actions and ensuring greater oversight of his financial decisions.
In the meantime, Musk continues to face scrutiny from regulators and lawmakers alike. It remains to be seen how this latest development will impact his future dealings with the Treasury Department and his companies.
