Thread by @CampaignLegal

We've been filing multiple complaints for #STOCKAct violations recently, so we thought it'd be a good idea to assemble them in one🧵

Quick refresher: Under the #STOCKAct, members of Congress must disclose a stock trade within 45 days of the trade. NO exceptions.

Unfortunately, we're seeing a growing, bipartisan trend that shows the current ethics enforcement system in Congress just is not working.

In July, CLC filed complaints against @SenTuberville, @RepPatFallon and @RepBlakeMoore.

All three claimed that they were unaware of the transactions. Under the #STOCKAct, they're still violating the law for failing to disclose trades.

campaignlegal.org/update/clc-com…

Later, CLC filed a complaint against @RandPaul over trades he failed to disclose for 16 MONTHS involving the company making remdesivir. The delay let him avoid harsh scrutiny faced by other senators who made similar trades early in the pandemic.

campaignlegal.org/update/rand-pa…

And finally we come to our complaint filed yesterday, against @RepHarshbarger of Tennessee. She failed to properly disclose over 700 stock trades in the past year.

She's the latest #STOCKAct violator, but given the current trend, we know there'll be more.
campaignlegal.org/update/tenness…

You may be wondering, "What can be done to stop these #STOCKAct violations?"

For starters, we need timely reporting of stock trades. Members are waiting until their annual financial disclosures to reveal the trades, thus evading accountability & keeping constituents in the dark.

Currently, #ethics enforcement is based on a flawed system of self-policing. On the Senate side, CLC is calling for the creation of an independent Ethics Committee, similar to the OCE in the House, to help reduce corruption & promote greater accountability
campaignlegal.org/cases-actions/…

When elected officials prioritize their own financial self-interest, they are not only hurting their own accountability, but they are diminishing public trust in government.

Until #STOCKAct violations are a thing of the past, CLC will keep advocating for transparency.

You can stay up-to-date on our latest #STOCKAct complaints as we share them here on Twitter. We also *highly* recommend following our #ethics experts:

📌 @kedric_payne
📌 @DelaneyMarsco
📌 @Mighty_Quinner