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Republican Rep. Byron Donalds failed to timely report numerous stock trades; a bipartisan problem

FloridaBulldog https://www.floridabulldog.org/2024/09/republican-rep-byron-donalds-failed-timely-report-stock-trades/
U.S. Rep. Byron Donalds appearing on television on March 7, 2022 to decry members of Congress who violate the STOCK Act. “That’s when you have to have sanctions andthe House has to get real.”

By Dan Christensen, FloridaBulldog.org

A Washington-based watchdog group asked the Office of Congressional Ethics (OCE) this week to investigate rising Republican Congressman Byron Donalds for failing to promptly report more than 100 stock trades by Donalds and his wife valued at up to $1.62 million.

A federal disclosure law, the Stop Trading on Congressional Knowledge (STOCK) Act, and House rules require members of Congress to disclose within 45 days individual stock transactions on “Periodic Transaction Reports” (PTRs). The law and rules were enacted to provide the public with timely information about elected lawmakers’ potential conflicts of interest.

In its letter to the independent, nonpartisan OCE, the Campaign Legal Center wrote that it reviewed the recently released financial disclosure records of Naples-based Donalds, who since 2021 has represented Southwest Florida from Marco Island through Cape Coral, “and Rep. Donalds is the only member [of Congress] we found who completely failed to report any PTRs for two years.”

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