NEW: A battle over stock trading in Congress is consuming the '22 midterms. It's providing fodder for press releases, fundraising, & opposition research. It has inspired powerful attack ads & even spawned Trumpian nicknames. by @leonardkl@thisisinsiderbusinessinsider.com/stock-ban-cong…
Both D &R campaigns are salivating at the thought of bludgeoning opponents for violating stock trading laws or failing to support reforms. "They smell blood in the water here, which in some ways is good," said Dylan Hedtler-Gaudette of the Project on Government Oversight.
The signs that the issue is taking off not just on Capitol Hill but in candidates' home turfs are increasingly widespread. Here are a few:
NJ GOP has taken to calling Rep. Tom Malinowski "Trading Tom" & "The Wolf of Washington" as the independent Office of Congressional Ethics found "substantial reason to believe" that he failed to properly disclose dozens of personal stock trades he made during 2019 and 2020.
Rep. Alexandria Ocasio-Cortez, a Democrat of New York, sent a campaign fundraising email earlier this month asking her supporters to sign onto a stock trading ban.
The Iowa Republican Party has chided Rep. Cindy Axne, a Democrat of Iowa, for her stock trading. iowagop.org/house_dems_say…
"Pelosi folds!" read a fundraising email from Sen. Josh Hawley after Pelosi announced she'd reverse her defense of congressional stock trading & support a ban.
On the opposite end of the political spectrum is Shahid Buttar, a D political activist & Pelosi primary challenger. businessinsider.com/nancy-pelosi-c…
But as these candidates play politics with stock ban policy, irony lurks: Numerous members of both parties have been guilty of violating the decade-old STOCK Act by failing to routinely report their stock trades. By our count, it's 55 lawmakers. businessinsider.com/congress-stock…
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NEW: Democratic Rep. Jamie Raskin of Maryland violated a federal conflict-of-interest law by failing to properly disclose stock shares his wife received for advising a Colorado-based financial technology trust company. by @leonardkl@thisisinsider businessinsider.com/democratic-rep…
The congressman disclosed information about the sale of Reserve Trust stock eight months after Sarah Bloom Raskin dumped the stock in late 2020 for $1.5 million, an Insider analysis of federal records indicates.
This violation of the Stop Trading on Congressional Knowledge Act's disclosure provisions, which exist to promote transparency and defend against financial conflicts, comes at a time of significant national attention for the Raskins.
September is Newt's preferred timeline for a big re-election rollout but he said discussions should happen now. "It's good to have an idea-oriented party — particularly if your ideas are a lot more popular than the other guy," he said.
Gingrich says he embraces every opportunity to get his messages out.
"Nothing I do is secret. ... Ninety-eight percent of my help is stuff you can pick up if you look at the podcast. And the newsletters. And I tweet."
A year ago Thursday, Donald Trump boarded Air Force One for the final time in his presidency and retreated to Mar-a-Lago, refusing to stand witness for the swearing-in of Joe Biden.
It was a momentous day marking the culmination of an electoral defeat Trump had pushed desperately to overturn. Now a full year out of office — and 5 years removed from his own swearing-in — Trump is closing in on anniversaries that carry more legal than political significance.
NEW: Energy Secretary Jennifer Granholm violated a federal conflicts-of-interest and transparency law by improperly reporting up to a quarter-million dollars in stock sales, per a @thisisinsider analysis of financial disclosure documents. by @WARojasbusinessinsider.com/biden-administ…
Granholm — one of the Biden administration's highest-ranking officials whose personal finances have come under previous scrutiny — reported making nine stock trades between April 30, 2021, and October 26, 2021.
But she disclosed these trades to the Office of Government Ethics on December 15, 2021, and December 16, 2021 — either weeks or months past a 30-day disclosure deadline prescribed by the Stop Trading on Congressional Knowledge Act of 2012.
A @thisisinsider analysis of incoming Gov. Glenn Youngkin's recently-announced appointments shows that one-third of his new hires worked for the Trump presidential administration in some capacity.
The list includes his CoS, Jeff Goettman, worked in the Treasury Department during the Trump administration before becoming chief operating officer of Youngkin's gubernatorial bid.
NEW: Rs are giddy about the DNC unionization. "This is the greatest act of unilateral disarmament since Carthage submitted to Rome," Ron Nehring, the ex-Calif GOP Party chair, told @thisisinsider. "Which of those two cities is still on the map today?" businessinsider.com/dnc-unionizes-…
Others are weighing in too. On Tuesday shortly after news broke of the DNCs choice to unionize, Republican National Committee chief of staff Richard Walters said, "We applaud the DNC for rendering themselves even more useless. Perhaps they'll offer tenure next."
At the DNC, union spokesperson Lucas Acosta told Insider the union hoped to enshrine equal pay and flexible working conditions in their ultimate contract, @KaylaEpstein reports.