All posts tagged "Campaign Legal Center"

For 12 years, Sen. Jeff Merkley (D-OR) has pushed for a ban on congressional stock trading, calling the practice “corrupt,” “unacceptable” and “wrong.”

The first time he and Sen. Sherrod Brown (D-OH) presented an amendment in 2012 that would prohibit members of Congress from playing the stock market, they only got 26 votes in support.

Now, Merkley is confident an amended version of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act has enough bipartisan support that it will come out of a markup meeting with the Senate Committee on Homeland Security and Governmental Affairs on Wednesday with the votes necessary to present the amendment for a vote....

A Republican congressman was as much as five years late reporting his spouse’s stock trades, violating a federal financial disclosure law, according to a Raw Story review of congressional financial records.

Rep. Roger Williams (R-TX) failed to properly report 16 stock trades and one bond transaction from two of his wife’s brokerage accounts, some going back as far as February 2019.

Each stock trade was in the $1,001 to $15,000 range involving a variety of companies such as tech conglomerate Alphabet, artificial intelligence company NVIDIA, pharmaceutical giant Eli Lilly and Company and media and entertainment conglomerate Walt Disney and Company. ...

This article originally appeared in OpenSecrets. Sign up for their weekly newsletter to receive stories like this one in your inbox.

A complaint with the Federal Election Commission alleges that a shell company with ties to the former chief financial officer of the Republican State Leadership Committee illegally steered nearly $2.6 million to half a dozen political committees.

The complaint filed May 7 by the nonpartisan watchdog Campaign Legal Center revolves around Ardleigh Impact Corp., a company incorporated in Delaware on Oct. 24, 2023, which appears to exist only on paper. The Campaign Legal Center found no reference to the company online or record of it doing business. But barely three months after it was organized, the company made multiple large donations to six super PACs connected to high-ranking Republicans and conservative groups....

The U.S. House of Representatives has formally expelled Rep. George Santos (R-NY) because of numerous alleged financial fraud and crimes and numerous congressional ethics violations.

But Santos’ potential replacement — himself a one-time congressman — has a history of financial ethics issues, too.

Former Rep. Tom Suozzi (D-NY) violated a federal conflicts-of-interest and financial disclosure law at least three times while in Congress, according to reporting from NPR and Business Insider....

Federally-indicted Rep. George Santos (R-NY) called out his stock-trading colleagues on Tuesday.

“One thing I’m certain of is that members of congress trading stocks is imoral [sic]!,” Santos posted on X, formerly known as Twitter, on Tuesday.

“I said I wouldn’t trade and I’m keeping that promise,” Santos continued on X....

One month after President Donald Trump took office in 2017, Republican Rep. Rick Allen (R-GA) purchased up to $15,000 in stock in an agrochemical corporation — Monsanto — that no longer exists as an independent company.

But it wasn’t until six-and-a-half years later — on Aug. 10 — that Allen properly reported the transaction as a federal conflicts-of-interest law requires.

And the Monsanto trade was just one of 136 stock and other financial transactions — totaling between $3.05 million and $8.56 million — that Allen failed to properly report, according to an exclusive Raw Story analysis of federal financial disclosures....