02-10-24, 11:54
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TRUMP Crime Syndicate: MORE Rep Congressmen Break FED Financial Law Worth MILLION
Five More Republican Congressmen 'Botch' Financial Disclosures Some Worth Multimillions
As a proposed ban on congressional stock trading continues, five more Republican members of Congress appear to have violated federal financial disclosure law some disclosing millions of dollars in trades more than a year-and-a-half late.
MSNRAW 2 OCT 2024
Rep. John James (R-MI)
Reps. Darrell Issa (R-CA), Darin LaHood (R-IL), John James (R-MI), Thomas Kean Jr. (R-NJ) and Michael McCaul (R-TX) all were late in disclosing financial transactions as required by the Stop Trading on Congressional Knowledge (STOCK Act).
The Obama-era law requires members of Congress to disclose within 45 days most purchases, sales and exchanges of stocks, bonds, commodity futures, securities and cryptocurrencies made by themselves, their spouses or dependent children in the name of preventing insider trading, curbing conflicts-of-interest and enhancing transparency.
LaHood was the most tardy with his disclosure, reporting a November 2022 sale of stock in West Suburban Bancorp more than 20 months late.
James had the most late disclosures by far, failing to disclose 145 stock trades on time, The Detroit News reported. The oldest transactions reported by James on Sept. 2 were from November 2023, disclosed more than eight months past the federal deadline.
Campaign finance reform political action committee, End Citizens United, filed a complaint against James with the House Committee on Ethics about the late transactions valued up to $2.2 million.
Last year, the trusts administrator switched mutual funds to stocks and John was not aware of this. We learned about this last month when preparing this disclosure.
The trust administrator has now divested all stocks and we will be filing information reflecting those sales shortly, James spokesperson Noah Sadlier said in a statement to The Detroit News on Sept. 6.
Issa was late reporting 19 sales of U.S. Treasury bills, some more than six months late. The transactions are valued between $71 million and $355 million total.
Kean, who has violated the STOCK Act in the past, was four days late disclosing on Sept. 20 the purchase of stock in industrial technology conglomerate, Fortive.
Kean was previously more than nine months late disclosing in an August 2024 sale of an asset in New Jersey bank, Regal Bancorp, and in September 2023, he was as much as four months late disclosing six personal stock transactions, totaling up to $90,000.
McCaul, James, Issa and LaHood join Kean on a list of more than 62 members of the 118th Congress who Raw Story found to have violated the STOCK Act, mostly with late financial disclosures.
'THE DON'
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