Whitehouse Violated Conflict-of-Interest Law with 2 Late Stock Purchase Disclosures, Says Report
Monday, March 21, 2022
U.S. Senator Sheldon Whitehouse (D-RI) has violated a conflicts-of-interest law by disclosing two personal stock purchases past a federal deadline, according to financial records reviewed by Business Insider.
On January 28, Whitehouse purchased between $15,000 and $50,000 worth of shares in both Target Corporation and Tesla Inc. Whitehouse's office acknowledged that the senator disclosed his trades on March 16 — after a federally mandated 45-day filing deadline.
Whitehouse serves as a member of the Senate Committee on Environmental and Public Works, which has jurisdiction over air pollution and environmental policy matters.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTWhitehouses' office did not reply to a question about whether Whitehouse's investment in Tesla, which manufactures electric vehicles and solar panels, represents a conflict of interest.
Lawmakers who are late disclosing their stock trades — dozens have been tardy in recent months — face a $200 fine for an initial offense.
"The filing came two days late due to a staff transition in the office," Whitehouse spokesman Rich Davidson told Insider.
According to Insider and other news organizations, other members of the U.S. Senate have found in violation of the Stop Trading on Congressional Knowledge Act's disclosure requirements include Democrat Dianne Feinstein of California, Republican Tommy Tuberville of Alabama, Republican Roger Marshall of Kansas, Republican Rand Paul of Kentucky, Democrat Mark Kelly of Arizona, and Republican Cynthia Lummis of Wyoming.
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