All posts tagged "Trust In Congress Act"

Members of Congress are on a summer stock shopping spree — and still violating a financial disclosure law — amid a reinvigorated movement to ban congressional stock trading.

Three members of the House of Representatives appear to have violated the Stop Trading on Congressional Knowledge (STOCK) Act this week by filing required reports late — some as much as two years past a federally mandated deadline.

From Speaker Emerita Nancy Pelosi (D-CA) to Rep. Marjorie Taylor Greene (R-GA), more than a dozen other members of Congress continue trading stocks and securities, even in the immediate two weeks after the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act passed out of the Senate Committee on Homeland Security. ...

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. ...

A Republican congressman violated a federal financial disclosure law by reporting two cryptocurrency purchases as much as a month past a mandatory deadline, a Raw Story review of congressional documents indicates.

Rep. Mike Collins (R-GA) reported two purchases of Ethereum cryptocurrency, each valued between $1,001 to $15,000.

...

A Michigan congresswoman has purchased stock in a medical devices technology company while serving on House subcommittees with oversight on health and technology, according to a Raw Story analysis of federal financial records.

Rep. Debbie Dingell (D-MI) purchased on Dec. 5 between $15,001 and $50,000 worth of stock in Medtronic, one of the largest medical device companies with products used for a range of procedures and treatments from general surgery to cardiovascular to diabetes. Her 2022 annual report filed May 15 also noted $1,001 to $15,000 worth of Medtronic stock in a retirement account.

Dingell serves on the House Committee on Energy and Commerce and its subcommittees on communications and technology; health; and innovation, data and commerce. She is the third ranking member of the innovation, data and commerce subcommittee and fifth ranking member of the health subcommittee, according to legislation tracker BillTrack50....

A Democratic congresswoman from North Carolina with a history of more than 50 late stock disclosures appears to have violated a decade-old federal transparency and conflicts-of-interest law.

Again.

Rep. Kathy Manning (D-NC) reported purchasing $29,122 worth of stock in investment management company Blackstone Inc. on June 10, 2022, jointly with her husband — more than a year late, according to an Aug. 2 federal filing reviewed by Raw Story....

At least six more members of Congress have violated the STOCK Act by failing to disclose transactions — up to $376,280 collectively — within a 45-day federal deadline, according to a Raw Story analysis of congressional financial documents.

The majority of the late disclosure dollars came from Rep. Jonathan Jackson (D-IL) who was late in disclosing up to $300,000 in stock transactions from a joint trust.

He is joined by five other lawmakers who were late in disclosing transactions in the $1,000-to-$15,000 range: Rep. Debbie Dingell (D-MI), Rep. Russ Fulcher (R-ID), Rep. Marcy Kaptur (D-OH), Rep. Deborah Ross (D-NC) and Rep. John Sarbanes (D-MD). ...