Business Insider, along with several other media outlets, reported on Monday that they’ve identified at least 71 members of Congress who have failed to properly report their financial dealings on Wall Street.
The bipartisan group of legislators was found to be in violation of the Stop Trading on Congressional Knowledge (STOCK) Act of 2012. Congress passed the law to combat insider trading and conflicts of interest, forcing lawmakers to become more transparent in regard to their financial dealings.
Under the STOCK Act, members of Congress are required to disclose trades worth more than $1,000 that they, their spouses, or their dependent children have made within 30 to 45 days of the transactions. It is now being reported that 71 members of Congress have failed to properly report their trades, in violation of the Act.
According to Business Insider, the legislators that have been found in violation of the law “offer excuses including ignorance of the law, clerical errors, and mistakes by an accountant.” The stock deals in question range in value from the five-figure range to millions of dollars.
Below is a list of all the lawmakers who’ve recently violated the STOCK Act in one way or another:
Sen. Dianne Feinstein, a Democrat from California
Sen. Tommy Tuberville, a Republican from Alabama
Sen. Roger Marshall, a Republican from Kansas
Sen. John Hickenlooper, a Democrat from Colorado
Sen. Rand Paul, a Republican from Kentucky
Sen. Sheldon Whitehouse, a Democrat from Rhode Island
Sen. Rick Scott, a Republican from Florida
Sen. Tom Carper, a Democrat from Delaware
Sen. Bill Hagerty, a Republican from Tennessee
Sen. Cynthia Lummis, a Republican from Wyoming
Sen. Gary Peters, a Democrat from Michigan
Sen. Mark Kelly, a Democrat from Arizona
Rep. Tom Malinowski, a Democrat from New Jersey
Rep. Pat Fallon, a Republican from Texas
Rep. Diana Harshbarger, a Republican from Tennessee
Rep. Susie Lee, a Democrat of Nevada
Rep. Madison Cawthorn, a Republican from North Carolina
Rep. Katherine Clark, a Democrat from Massachusetts
Rep. Blake Moore, a Republican from Utah
Rep. Jamie Raskin, a Democrat from Maryland
Rep. Mo Brooks, a Republican from Alabama
Rep. Lauren Boebert, a Republican from Colorado
Rep. Dan Crenshaw, a Republican from Texas
Rep. Debbie Wasserman Schultz, a Democrat from Florida
Rep. Kathy Manning, a Democrat from North Carolina
Rep. Mikie Sherrill, a Democrat from New Jersey
Rep. Kevin Hern, a Republican from Oklahoma
Rep. Brian Mast, a Republican from Florida
Rep. Brad Schneider, a Democrat from Illinois
Rep. Michael Guest, a Republican from Mississippi
Rep. Sean Patrick Maloney, a Democrat from New York
Rep. Lori Trahan, a Democrat from Massachusetts
Rep. Mary Gay Scanlon, a Democrat from Pennsylvania
Rep. John Rutherford, a Republican from Florida
Rep. Josh Gottheimer, a Democrat from New Jersey
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Rep. Mark Green, a Republican from Tennessee
Rep. David Trone, a Democrat from Maryland
Rep. Pete Sessions, a Republican from Texas
Rep. Dan Meuser, a Republican from Pennsylvania
Rep. Vicente Gonzalez, a Democrat from Texas
Rep. Kathy Castor, a Democrat of Florida
Rep. Maria Elvira Salazar, a Republican from Florida
Rep. Bill Pascrell, a Democrat of New Jersey
Rep. August Pfluger, a Republican from Texas
Rep. Brian Higgins, a Democrat from New York
Rep. Cheri Bustos, a Democrat from Illinois
Rep. Steve Chabot, a Republican from Ohio
Rep. Victoria Spartz, a Republican from Indiana
Rep. Rick Allen, a Republican from Georgia
Rep. Kim Schrier, a Democrat from Washington
Rep. Kurt Schrader, a Democrat from Oregon
Rep. Mike Kelly, a Republican from Pennsylvania
Rep. Chris Jacobs, a Republican from New York
Rep. Bobby Scott, a Democrat from Virginia
Rep. Austin Scott, a Republican from Georgia
Rep. Ed Perlmutter, a Democrat from Colorado
Rep. Dwight Evans, a Democrat from Pennsylvania
Rep. Tom Suozzi, a Democrat from New York
Rep. Warren Davidson, a Republican from Ohio
Rep. Lance Gooden, a Republican from Texas
Rep. Chuck Fleischmann, a Republican from Tennessee
Rep. Michael Burgess, a Republican from Texas
Rep. Cindy Axne, a Democrat from Iowa
Del. Michael San Nicolas, a Democrat from Guam
Rep. Peter Welch, a Democrat from Vermont
Rep. Jim Banks, a Republican from Indiana
Rep. Mike Garcia, a Republican from California
Rep. Rob Wittman, a Republican from Virginia
Rep. Alan Lowenthal, a Democrat from California
Rep. Jim Hagedorn, a Republican from Minnesota
Rep. Roger Williams, a Republican from Texas
In most cases, the lawmakers either reported their transactions late or failed to report them altogether. The apparent lack of urgency when it comes to complying with the STOCK Act could be in part due to the lax penalties for violation, as the fines have been described as “nominal.” For such a serious matter, the punishment is laughably insignificant. Lawmakers who violate the STOCK Act face a fine of $200, a price that most inside traders are likely willing to pay.
When Obama first signed the STOCK Act into law, it was celebrated by a bipartisan cadre of lawmakers and was generally seen by the public as a win. Once Obama and company had reaped the praise, it didn’t take long for him to sign a bill reversing the more productive portions of the bill, leading many to believe the STOCK Act was always meant to become more of a vestigial placation rather than an effective law.
Surprisingly, Democratic Speaker of the House Nancy Pelosi did not make the list despite her name being synonymous with insider trading, her exploits are storied even among the liberal media. Her absence from the list is presumably because reported her transactions on time and was actually in compliance, but the family is not quite off the hook.
Back in March, Pelosi’s husband Paul purchased 2,500 shares of Tesla stock as the Democrats were mobilizing their green energy spending and electric vehicle push. In June of this year, Paul Pelosi bought millions of dollars worth of Nvidia stock ahead of the chip-manufacturing bill vote.
Ryan DeLarme is an American journalist navigating a labyrinth of political corruption, overreaching corporate influence, a burgeoning censorship-industrial complex, compromised media, and the planned destruction of our constitutional republic. He writes for Badlands Media and is also a Host and Founder at Vigilant News. Additionally, his writing has been featured in American Thinker, the Post-Liberal, Winter Watch, Underground Newswire, and Stillness in the Storm. He’s also writes for alt-media streaming platforms Dauntless Dialogue and Rise.tv. Ryan enjoys gardening, kung fu, creative writing and fighting to SAVE AMERICA
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