Campaign Legal Center, Tommy Tuberville, Stock Trades, Blake Moore, Pat Fallon, Congressional Ethics, Ethics Committee, Watchdog Organization, The Complaints, Congress

Campaign Legal Center, Tommy Tuberville

3 Republican lawmakers face ethics complaints for allegedly violating a federal stock disclosure law

Insider's reporting helped spark complaints to congressional ethics officials that Sen. Tommy Tuberville, and Reps. Pat Fallon and Blake Moore, violated the STOCK Act.

7/30/2021 2:24:00 AM

A watchdog organization is accusing three Republicans serving in Congress of violating a federal transparency law by failing to properly disclose millions of dollars worth of stock trades .

Insider's reporting helped spark complaints to congressional ethics officials that Sen. Tommy Tuberville , and Reps. Pat Fallon and Blake Moore , violated the STOCK Act.

Read more:Republican Sen. Tommy Tuberville violated federal transparency law by failing to properly disclose stock transactions worth up to $3.56 millionThe law, which Congress passed in 2012, is designed to defend against corruption and conflicts of interest, particularly for lawmakers who have personal financial interests in companies that vie for lucrative government contracts and spend millions of dollars each year lobbying the federal government. Among its provisions, the STOCK Act requires members of Congress to formally and publicly disclose any individual stock trade they make within 45 days of making it.

Biden getting COVID-19 booster shot after authorization Biden administration unveils new plan for young immigrants Cynthia Bailey Leaving 'Real Housewives of Atlanta' After 11 Years

Story continuesMembers of Congress who violate the STOCK Act often must only pay a $200 late filing fine, regardless of the overall value of the trades they were tardy in disclosing. Congressional ethics committees may refer "knowing and willful" violations of the STOCK Act to the Department of Justice for criminal investigation, although this is rare.

Insider has reported that a growing number of federal lawmakers - Republicans and Democrats - have this year violated the law's disclosure mandates.Read more:Republican Rep. Blake Moore violated federal transparency law by failing to properly disclose stock transactions worth up to $1.1 million

"This is all triggered by a clear trend of members of Congress defeating the purpose of the STOCK Act," said Kedric Payne, the Campaign Legal Center's general counsel and senior director for ethics. "My hope is that the members will comply with the law that they created. But if complying with that law is too difficult for them, that supports the idea that's been suggested that there should be restrictions on how they trade stocks."

Reached Thursday afternoon, Tuberville spokeswoman Ryann DuRant said that "Sen. Tuberville has filed all required paperwork with the Ethics Committee. He was assessed a late filing penalty, and it has been paid."In a statement to Insider on Thursday evening, Moore's congressional office said that when the congressman "was made aware of the deadline oversight, he immediately worked in consultation with the Ethics Committee to meet the requirements of the statutory remedy for late filings, and he has paid a late filing fee in full. Now that Congressman Moore has fully established a financial compliance process with his firm and the Ethics Committee, he will continue to ensure all future filing deadlines are met in accordance with Ethics rules."

Representatives for Fallon did not respond to a request for comment.Previously, spokespeople for each lawmaker told Insider that their respective member of Congress will work to comply with the law in the future and that they do not personally make their own stock trades. Instead, they employ financial advisors to buy and sell stock on their behalf.

Read more:Payne said that each member of Congress is personally responsible for following the law. Read more: Yahoo News »

ABC News – Breaking News, Latest News, Headlines & Videos

Watch ABC News live news stream and get 24/7 latest, breaking news coverage, and live video.

Can't believe Republicans would do that,aren't they the straight arrows,i mean just look at those faces,pure goodness and light Wait, Pelosi isn't a Republican

DOJ fires warning shot against ‘unusual’ post-election ballot reviewsThe Justice Department used the release of a 'guidance' document to press their campaign of saber-rattling against Republican-led audits of the 2020 vote in Arizona and other states Arrest all of AZ NOW. They've played with ballots, voting machines and now they want reauters. Just build a fence around them and they can be a separate country. Why? Got something to hide?

Expected vaccine requirement for federal workers raises new questionsThe possible vaccine requirement for federal workers raises ethics questions, since the vaccines have not been fully authorized by the Food and Drug Administration. The only question should be “where is the nearest pharmacy and how soon can I get an appointment?” Damned right , do it !!! Does POTUS realize that the crisis is over. Why do they continue to push the panic? Time to take our freedom back.

Activision Blizzard Details Steps to Address Workplace Sexual Harassment Ahead of Planned WalkoutThe videogame publisher said it hired a law firm to investigate complaints of sexual harassment, hours before a planned employee walkout over the company’s reaction to allegations made in a recent lawsuit. nice Not surprise.

Texas Dems to huddle with Clintons, Abrams as they bid to regain momentumTexas Dems who fled the state earlier this month to campaign on voting rights in Washington are holding a pair of meetings today with three high-profile Democrats: Bill and Hillary Clinton and Stacey Abrams Getting desperate... Basically 3 useless human beings are meeting with other useless human beings from Texas.

House Freedom Caucus wants Cheney, Kinzinger kicked out of Republican conferenceThe conservative House Freedom Caucus is calling for the removal of Reps. Cheney and Kinzinger from the Republican caucus, an effort to punish the pair for joining the committee investigating the Jan. 6 attack on the US Capitol. Freedom Caucus….AKA A Cunning Array of Stunts. The GOP is split: RINO Party MAGA Party QOOK Party GQPTraitorsToDemocracy

Opinion: To confront the reality of domestic terrorism, we need a federal lawThe Biden administration appears committed to tackling violent domestic extremism. A new federal statute should be part of their plan. opinion with racist police so ingrained at every level up to and including the armed forces and federal government, they've got a lot to lose, and a great deal to fight to keep hidden opinion How else are we going to make a change. We need a change in law just like the Asian law they just passed. I never understood how they got a new law within a year. Black and brown people have been abused by cops and other races. Still there is no law to protect our community🤦🏾