Another Congressmen from Pennsylvania raised his eyebrows thanks to trade in actions.
Rep. Dwight Evans (D-03), a member of the House Committee Ways and Means, did not reveal that he Amazon and Tesla shares were sold in the required time.
Evans was slow 3 1/2 months, revealing its sales from USD 15 001 to USD 50,000 Review of Congressing Financial Documentation.
Congresmen from Philadelphia sold his actions on October 29, but did not reveal the fact to this week. Evans, who announced that he suffered a petite stroke in May last year, returned to office duties at the beginning of the modern term. It is not known if his absence led to his mistake.
“It was supervision and was improved,” said Evans We -mail office.
It is not for the first time that Evans did not meet the date of disclosure of the transaction. In 2021 he was slow Disclosure of the sales of American Electric Power Co., Inc. It is worth up to $ 15,000.
President Barack Obama He signed the Act on costumes on congress knowledge (shares) in 2012. The law has created modern requirements for disclosing financial information and provisions regarding the enforcement of Congress members, their closest families and employees who decide on trade in shares. It explained that information trading was illegal on the Capitol. She determined how Congress members can personally invest their money – and not.
The Act on Action requires that financial transactions, such as the purchase or sale of shares, bonds or cryptocurrencies by a member of the congress, spouse or maintenance children, be disclosed within 45 days of trade.
The fine is not burdensome, it is 200 USD for criminals for the first time. The Chamber’s Ethics Committee may decide to give up a fine without public disclosure. It is not clear whether the Ethics Committee punished Evans for any of his two violations of the action.
Violation of the Evansa Act is simply the latest in the congress epidemic: Dozens members Congress – both Democrats and Republicans – have been caught violation of the law in the last few years.
Last month, OpenSeCrets reported only This Rep. Neal Dunn (R-Fla.) He violated the Act on Action, without reporting the correct application of his wife’s five-digit investment in Microstrategy Inc., a business and cryptocurrency company, which has over $ 40 billion Bitcoins value.
“The law that requires the members of the Congress disclosure of financial information is extremely important because it is the only method that society must determine whether they have a conflict of interest.” Kendra ArnoldExecutive Director of the Funda OpenSeCrets. “For example, if a member performs storage transactions, but does not reveal them or be late, hinders or impossible to determine whether he uses non -public information when making financial decisions or their personal investments have influenced official actions.”
As mentioned above, Evans is the second representative of the State Keystone, who draws attention after transactions on the stock exchange. Rep. Rob Bresnahan (R-08), who conducted a campaign on the concept of ban on trading actions by sitting members of the Congress, made 246 transactions since his mandate in January. Since this story was published on Monday, Nep’s representative submitted reports regarding another 19 shares, including 11 purchases from 1 001 to USD 15,000 and eight sales between the same scope.
