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Bryan Doyle, Phillips communications director, replied with a statement. Congressman Phillips receives no special tax benefits for this investment, which was made by financial professionals at J.P. Morgan in 2017, not at his direction. As a member of the Ethics Committee, Dean adheres to the highest ethical standards, which is why he does not accept PAC money, federal lobbyist money, or donations from other members of Congress, Doyle wrote. He has not initiated any investments directly or by proxy since becoming a member of Congress in 2019, and is in the process of placing all eligible investments into a blind trust, which is currently under review at the Ethics Committee, Doyle continued. The only aspect of his financial life that he plays an active role in is as the owner of Penny s Coffee, a local chain of coffee shops in the Twin Cities area.