Report: 71 Members of Congress Found to Be in Violation of Federal Law
A bipartisan group of legislators violated a federal law aimed at preventing Congressional representatives from using inside information to enrich themselves.
Under the Stop Trading on Congressional Knowledge (STOCK) Act of 2012, members of Congress are required to report financial trades worth more than $1,000 that they, their spouses, or their dependent children made within 30 to 45 days of the transactions.
However, 71 members of Congress failed to properly report their trades, in violation of the STOCK Act, Business Insider reported on Monday.
Under the Stop Trading on Congressional Knowledge (STOCK) Act of 2012, members of Congress are required to report financial trades worth more than $1,000 that they, their spouses, or their dependent children made within 30 to 45 days of the transactions.
However, 71 members of Congress failed to properly report their trades, in violation of the STOCK Act, Business Insider reported on Monday.
