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Congress Still Not Fully On Track With Stock Transaction Disclosure
Posted at 10:52 a.m. on Aug. 13, 2013
A year after the Stop Trading on Congressional Knowledge (STOCK) Act went into effect, members of Congress are still not used to the requirements for regular disclosures. Some members are just now filing for last year’s transactions.
Sen. Dean Heller, R-Nev., is the most recent example of a member of Congress back reporting financial transactions. Heller recently reported transactions of between $290,010 and $700,000 from August 2012 to June 2013 for his spouse’s asset in the Brombach Family LP (13.82%).
Heller reported his spouse’s Brombach Family LP purchased $15,001 to $50,000 of Long Beach Calif County bond on 8/15/12; purchased $15,001 to $50,000 of El Camino Calif County bond on 9/11/12; sold $15,001 to $50,000 of a bond of Castaic Lake WTR AGY on 1/15; redeemed $50,001 to $100,000 of Irvine Ranch Calif WTR bond on 3/1; purchased $50,0001 to $100,000 of Sierra Calif JT CMNTY bond on 3/20; purchased $50,001 to $100,000 of Roseville Calif JT UN bond on 4/4; sold $15,001 to $50,000 of Lompoc Calif UNI SCH bond on 4/10; sold $15,001 to $50,000 of Oakland Calif bond on 4/10; purchased Monterey Penninsula Calif bond on 5/7; and redeemed $50,001 to $100,000 of Beverley Hills CA PFA on 6/24.