All posts tagged "Rick Larsen"

At least 62 members of 118th Congress have violated a federal insider trading and conflicts-of-interest law, a Raw Story analysis of congressional financial disclosures reveals.

Most of these violations involve failures to properly disclose stock trades as required by the Stop Trading on Congressional Knowledge (STOCK) Act of 2012. Some involve not abiding by the transparency and personal financial disclosure requirements first outlined in the STOCK Act's post-Watergate predecessor, the Ethics in Government Act of 1978.

ALSO READ: 8 ways convicted felon Donald Trump doesn't become president...

Since Jan. 1, at least 37 members of Congress have violated a federal insider trading and conflicts-of-interest law, a Raw Story analysis of congressional financial disclosures reveals.

Most of these violations involve failures to properly disclose stock trades as required by the Stop Trading on Congressional Knowledge (STOCK) Act of 2012. Some involve not abiding by the transparency and personal financial disclosure requirements first outlined in the STOCK Act's post-Watergate predecessor, the Ethics in Government Act of 1978.

The most significant violator clocked in as much as six-and-a-half years late when reporting up to $8.5 million in stock transactions — Rep. Rick Allen (R-GA). Another lawmaker was just a couple days late but still logged up to $165,000 in late stock disclosures — Rep. John Curtis (R-UT). Between them are numerous other Republicans and Democrats alike who have consistently failed to abide by the STOCK Act....

Members of Congress keep messing up — over and over and over again — in failing to abide by an 11-year-old financial disclosure and conflicts-of-interest law.

And the habitual lack of compliance with the Stop Trading on Congressional Knowledge (STOCK) Act — dozens of lawmakers have violated its disclosure provisions during the past three years, often offering tortured excuses — is eroding the public’s trust, one of the law’s original authors tells Raw Story.

“I mean, come on. ‘The dog ate my homework,’ aren’t we a little more grown up than that?” said former Rep. Brian Baird (D-WA). “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.”...

Rep. Maria Elvira Salazar, the Florida congresswoman who blasted her Democratic predecessor for violating a federal conflicts-of-interest and financial disclosure law, appears to have broken the same law herself.

Again.

Salazar, a Republican, was late in disclosing her spouse’s $1,001 to $15,000 sale of stock in Florida renewable energy company, NextEra Energy Partners — an apparent violation of the Stop Trading on Congressional Knowledge (STOCK) Act, according to a Raw Story review of federal financial disclosures. ...

A Washington state congressman is the latest lawmaker to violate a federal conflicts-of-interest and financial disclosure law by failing to properly report up to $765,000 in personal stock transactions, according to a Raw Story analysis of federal financial documents.

In some cases, Rep. Dan Newhouse (R-WA) reported stock trades a year-and-a-half late.

Newhouse is the latest among 13 lawmakers Raw Story has so far identified this year to violate the Stop Trading on Congressional Knowledge (STOCK) Act, which requires federal lawmakers to report within 45 days any individual stock, bond, Treasury security or cryptocurrency transactions they, their spouses or dependent children conduct. ...