Florida
Related: About this forumDonna Shalala failed to disclose stock sales in 2019 in violation of federal law
WASHINGTON -- Miami Democratic Rep. Donna Shalala, the lone House Democrat on the committee set up to oversee $500 billion in taxpayer money being used for coronavirus-related payouts to large businesses, violated federal law when she failed to disclose stock sales while serving in Congress.
Shalala told the Miami Herald on Monday she sold a variety of stocks throughout 2019 to eliminate any potential conflicts of interest after she was elected to Congress in November 2018. But the transactions were not publicly reported as required by the STOCK Act, a 2012 law that prohibits members of Congress and their employees from using private information gleaned from their official positions for personal benefit and requires them to report stock sales and purchases within 45 days.
Shalalas office said the congresswoman and her financial adviser made a mistake.
Shalala, the former head of the Department of Health and Human Services under President Bill Clinton, is in the process of setting up a blind trust for her assets, and transactions made within a blind trust without a lawmakers knowledge are not required to be disclosed. But the blind trust isnt finalized, meaning any transactions would need to be made public.
Read more: https://www.mcclatchydc.com/news/politics-government/congress/article242178846.html
Fullduplexxx
(7,863 posts)Cartaphelius
(868 posts)To respond differently would be hypocritical.
Shalala should be held to the same standards we hold any
other violations.
Assuming the investigating demonstrates criminality.