Florida congresswoman — a former DNC chair — is months late disclosing family stock sale. Again.

Rep. Debbie Wasserman Schultz (D-FL), theformer chairwoman of the Democratic National Committee, was seven months late disclosing a family stock sale, according to a federal financial document reviewed by Raw Story.

Wasserman Schultz’s July 11 disclosure detailed an October 2022 sale of Adams Resources and Energy Inc. stock on behalf of a dependent child and valued at between $1,001 and $15,000.

The Stop Trading on Congressional Knowledge (STOCK) Act — passed in 2012 to stop insider trading, curb conflicts-of-interest and enhance transparency — requires prompt reporting within 45 days of most purchases, sales and exchanges of stocks, bonds, commodity futures and cryptocurrency by key government officials, particularly members of Congress.

This is not the first time Wasserman Schultz has violated a federal financial disclosure and transparency law.

Wasserman Schultz first appeared to violate the STOCK Act in 2021 when she was seven months late disclosing up to $60,000 of her and her dependent child’s stock purchases in telecommunications provider Westell Technologies, Insider reported.

Wasserman Schultz’s congressional office did not respond to Raw Story’s requests for comment.

Wasserman is appointed to the Select Committee on the Weaponization of the Federal Government as well as the House Committee on Appropriations and three of its subcommittees, including the Subcommittee on Energy, Water Development and Related Agencies.

Last year, Wasserman Schultz ranked at the top of the list of members of Congress who profited from the stock market, posting a 50.8% increase in her investments, according to stock trading news site Unusual Whales, New York Post reported.

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The standard fine for violating the STOCK Act is $200, but the House Committee on Ethics and Senate Select Committee on Ethics have historically waived the fees for many violators.

A $200 fine “is not going to disincentivize or dissuade anyone from doing anything,” Dylan Hedtler-Gaudette, senior government affairs manager with the Project on Government Oversight, a nonpartisan watchdog group that exposes conflicts of interest in the government, told Raw Story earlier this year.

“If there are no penalties and no consequences, then I think you’re going to see continued, ongoing violations and noncompliance with these disclosure requirements.”

In a recent interview with Raw Story, one of the STOCK Act’s original authors, former Rep. Brian Baird (D-WA), blasted Congress for its continued excuses for failing to abide by the law.

“I mean, come on. ‘The dog ate my homework,’ aren’t we a little more grown up than that?” Baird said. “If we're capable of voting on whether or not to raise or lower taxes or send people to war, I think we can report when we make an investment.”

Epidemic of violations

Dozens of members of Congress have failed to comply with the STOCK Act. During the 117th Congress from 2021 to 2022, at least 78 members of Congress — Democrats and Republicans alike — were found to have violated the STOCK Act's disclosure provisions, according to a tally maintained by Insider.

Raw Story has so far this year identified 17 members of the 118th Congress who have broken the federal conflicts of interest law, including the new addition of Wasserman Schultz.

Last week, Sen. Tom Carper (D-DE) violated the STOCK Act for the third time in 14 months.

The ongoing violations come at a time when a bipartisan group of lawmakers have introduced several similar bills aimed at banning congressional stock trading.

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The most recent bill to be introduced this session — the Bipartisan Restoring Faith in Government Act — is co-sponsored in part by political rivals in Reps. Alexandria Ocasio-Cortez (D-NY) and Matt Gaetz (R-FL).

Other materially similar bills include the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, the TRUST in Congress Act and the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. In the decade since the STOCK Act’s passage, the push for a total ban on lawmakers trading stocks while in office gained but then lost momentum last year when the Democratic-led House, then led by Speaker Emerita Nancy Pelosi, decided not to conduct a hearing on any of the stock-ban bills and never brought it to the House floor for a vote.

News organizations including the New York Times, Insider, NPR and Sludge have documented rampant financial conflicts of interests among dozens of members of Congress, such as those who bought and sold defense contractor stock while occupying positions on congressional armed services committees or otherwise voting on measures to send such companies billions of federal dollars. The executive and judicial branches are riddled with similar financial conflict issues, too, as the Wall Street Journal hasreported.

The Wall Street Journal won a 2023 Pulitzer Prize for its investigation into financial conflicts among officials who work in federal agencies while Insider won the Society of Professional Journalists’ Sunshine Award for its reporting on congressional financial conflicts.