"While the dollar amounts and timeframe here aren't astronomical, the simple fact is that Senator Carper broke the law by not reporting this transaction as he is required to under the STOCK Act," Hedtler-Gaudette said. The easiest way for Carper or any federal lawmaker to avoid conflicts of interest and STOCK Act violations is to not trade individual stocks at all, said Dylan Hedtler-Gaudette, government affairs manager for nonpartisan watchdog organization Project on Government Oversight. Dianne Feinstein, a Democrat from California Tommy Tuberville, a Republican from Alabama Roger Marshall, a Republican from Kansas Rand Paul, a Republican from Kentucky Sheldon Whitehouse, a Democrat from Rhode Island Mark Kelly, a Democrat from Arizona and Cynthia Lummis, a Republican from Wyoming, are other senators who, to one extent or another, have broken the STOCK Act's disclosure rules in recent months. Levitan noted that Carper and Stacy "have always been careful to ensure that their financial investments are handled separately by a financial advisor who makes decisions and transactions independently" and "fully supports ongoing conversations in Congress on how to strengthen the and improve transparency and accountability for our elected officials."Ĭarper, who was first elected to the Senate in 2000, has not to date created for himself what's known as a qualified blind trust - a formal arrangement, requiring congressional approval, in which a lawmaker officially transfers management of their financial assets to an independent trustee.Īt least 60 members of Congress have violated the STOCK Act, according to reporting since last year by Insider and other news organizations. Carper is working with the Ethics Committee so he can fully resolve this matter." ![]() ![]() "Immediately upon being made aware of this error, Senator Carper reported the transaction to rectify the situation," Levitan said. A "simple clerical error" caused the late disclosure, Carper spokesperson Rachel Levitan said in an email. It often indicates a user profile.Ĭarper's office acknowledged the violation after Insider inquired about the senator's disclosure. Account icon An icon in the shape of a person's head and shoulders.
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