More than a dozen lawmakers in the House and Senate are being accused of violating an anti-corruption law.
Business Insider said it uncovered a litany of violations of the Stop Trading on Congressional Knowledge Act, or STOCK Act, and dozens of other instances in which lawmakers and their top staffers broke federal conflicts-of-interest law.
The 14 lawmakers who allegedly broke the law by failing to disclose financial trades included two senators, Democrat Dianne Feinstein of California and Republican Tommy Tuberville of Alabama. On the books for nearly a decade, the federal law requires those elected to Congress to make their stock trades public within 45 days of the transaction.
Tuberville, first elected in 2020 and a major ally of former President Donald Trump, violated the STOCK Act 132 times by failing to file disclosures on time, according to the outlet. The total value of the trades was assessed to be nearly $900,000.
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Feinstein, who has been a senator for nearly 30 years, reportedly filed one late disclosure totaling at least $15,001. Additionally, three senior staffers in her office have been accused of violating the STOCK Act.
Both Tuberville and Feinstein said they paid applicable fines under the STOCK Act for the violations but did not provide proof, the report said.
Late disclosures by Tuberville were initially reported earlier this year. A spokeswoman directed the Washington Examiner to her past statements when contacted on Monday.
“Senator Tuberville has long had financial advisors who actively manage his portfolio without his day-to-day involvement,” she wrote, adding he was “unaware that the specific transactions reported in this particular periodic transaction report occurred."
“Upon becoming aware of the transactions, the Senator expeditiously prepared and submitted this report to the Senate Ethics Committee. The Senator has put processes in place for timely reporting moving forward,” the spokeswoman said.
A spokesman for Feinstein said the senator has “complied with the laws, been completely transparent in her filings and has followed best practices by putting her personal assets in a qualified blind trust.”
Several other lawmakers in Congress are also accused of violating the law. The Democrats in the House included Reps. Tom Suozzi and Sean Pat Maloney of New York, Susie Lee of Nevada, Tom Malinowski of New Jersey, and Kim Schrier of Washington. The Republicans included Reps. Pat Fallon and Lance Gooden of Texas, Diana Harshbarger of Tennessee, Kevin Hern of Oklahoma, Chris Jacobs of New York, Dan Meuser of Pennsylvania, and Blake Moore of Utah.
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It was also reported on Monday that at least 75 lawmakers held investments in vaccine manufacturers in 2020 as the pandemic took hold. Several of these lawmakers shaped public policy, more than a dozen invested in military contractors, and several Democratic lawmakers known for their environmental records have invested in energy companies.