Environment Secretary Jennifer Granholm broke the STOCK Act last year, which requires top government officials to declare any asset transfers within 45 days.
Granholm’s stock trades stretched April to late October, according to government disclosure records first published by Business Insider.
Granholm, on the other hand, kept them hidden until mid-December. This was six months after the deadline for filing the sale report had passed.
According to Granholm’s statements, the acquisitions include $16,000 and $75,000 in Redfin real estate stock.
She also sold up to $50,000 worth of shares in Uber, a ride-hailing company, and $50,000 worth of stock in Invesco, a financial services firm.
The study comes as Congress considers new stock trading laws, focusing on individual business shares rather than asset classes that track overall market movements.
Pelosi now says she's open to banning stock trades by members of Congress after she's already guilty of insider trading… Investigate Pelosi— Chicago1Ray 🇺🇸 (@Chicago1Ray) January 20, 2022
In the meantime, Speaker Nancy Pelosi evaded concerns about whether legislators should be allowed to trade stocks in specific firms, given their poor knowledge of certain sectors at the end of last year.
On Thursday, she appeared to change her mind. She expressed great faith in her members’ honesty, but said she was open to further limits.