Members of Congress keep struggling to comply with a decade-old financial disclosure and transparency law — the latest, two federal lawmakers who were late reporting stock and U.S. Treasury transactions.
For the third time in 14 months, Sen. Tom Carper (D-DE) missed a 45-day disclosure deadline imposed by the Stop Trading on Congressional Knowledge (STOCK) Act.
Carper was as much as two weeks late in reporting his spouse’s U.S. Treasury bill purchases and sales totaling up to $345,000, as well as a PayPal stock sale up to $15,000, according to a June 30 federal financial report reviewed by Raw Story. The STOCK Act only requires legislators to disclose their own, their spouse’s and dependent children’s transactions in broad ranges.
“There was a clerical error,” Natasha Dabrowski, Carper’s communications director, told Raw Story. “Senator Carper is working with the Ethics Committee so he can fully resolve the matter.”
The STOCK Act — passed in 2012 to stop insider trading, curb conflicts-of-interest and enhance transparency — requires prompt reporting of most purchases, sales and exchanges of stocks, bonds, commodity futures and cryptocurrency by key government officials, particularly members of Congress.
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