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Photo: J. Scott Applewhite / AP

Congress members are able to settle sexual harassment lawsuits with a U.S. Treasury fund instead of from their own funds, the Washington Post reports, as part of the 1995 Congressional Accountability Act.

Why it matters: The Treasury doled out $15.2 million between 1997 and 2014, on 235 workplace violation settlements (the nature of the violations are not specifie d), per WaPo. California Rep. Jackie Speier told the Post: "It is not a victim-friendly process. It is an institution-protection process."

The 1995 law gives victims 180 days to make a complaint following the incident; they are then required to have 30 days of counseling followed by 30 more days of mediation. WaPo reports that "if the problem is still unresolved, the can pursue an OOC administrative hearing or file a federal lawsuit." On the other hand, members only have an ethics program (not harassment prevention) as part of their mandatory training, and only 800 people have taken the harassment-prevention online tutorial since 2015.

Go deeper

20 mins ago - Politics & Policy

Scoop: Hundreds of Biden staffers receive COVID vaccine

Screenshots of an email inviting White House staff to receive the COVID-19 vaccine, obtained by Alayna Treene/Axios

A week into the job, President Biden's White House medical team has administered the coronavirus vaccine to several hundred staffers — and aims to vaccinate all in-person staff over the next few weeks, officials tell Axios.

Why it matters: The new administration is ramping up steps to protect President Biden and all staff working inside the White House complex. The administration is also requiring daily employee COVID tests and N95 masks at all times.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

The Leon Black clock strikes midnight

Illustration: Sarah Grillo/Axios

Leon Black is "retiring" as CEO of Apollo Global Management, the alternative investment giant he has led since co-founding it in 1990. But he is not making a full break, as Black will remain chair of Apollo's board of directors.

Why it matters: This is the culmination of 18 months of head-in-the-sand obfuscation of Black's dealings with Jeffrey Epstein.

Reddit traders look to pummel Wall Street's old guard

Illustration: Sarah Grillo/Axios

Reddit traders are taking on Wall Street pros at their own game with this basic mantra: Stocks will always go up.

Why it matters: Their trades — egged on in Reddit threads — have played a role in historic market activity in recent days.