Under the STOCK Act - Stop Trading on Congressional Knowledge Act - lawmakers must file a report when they buy or sell stock. It's the latest example of a bipartisan trend that has emerged almost 10 years after Congress overwhelmingly passed a law to provide transparency and show lawmakers aren't profiting from their jobs: Members of Congress are ignoring the disclosure law. Tom Suozzi of New York - failed to file required reports on approximately 300 transactions, according to the complaint from the Campaign Legal Center.įive of the seven lawmakers sit on the powerful House Financial Services Committee. One of the members of Congress - Democratic Rep. House lawmakers - four Democrats and three Republicans - over failing to report stock trades. Members of Congress are required to disclose their stock transactions under a law known as the STOCK Act, but an outside ethics group filed complaints, noting that some lawmakers are violating the rules.Īn outside ethics group filed ethics complaints Wednesday against seven U.S. Traders work on the floor at the New York Stock Exchange this summer.
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