Yet More Lawmakers Violate House Stock-Trading Rules

Rep. Kim Schrier (D-Washington) delayed more than 45 days to reveal her purchase of more than $500,000 in Apple stock.

Three lawmakers appeared to have broken the House’s stock trading regulations, while another member purchased stock in an energy business just days after supporting the company during a congressional hearing.

Rep. Kim Schrier (D-Washington) disclosed on Friday that she purchased an investment in Apple worth more than $500,000 in a joint account in July. Legislators are required by federal law to report securities trades within 45 days.

“Rep. Schrier was ignorant of the transaction, which was conducted by her husband, who handles their finances independently,” said Elizabeth Carlson, a representative for Schrier.

“She filed the appropriate report as soon as she became aware.” She has never missed a transaction reporting deadline and will make certain that all future deadlines are met.”

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On September 10, the wife of Rep. Alan Lowenthal (D-Calif.) spent more than $15,000 on bonds in the technology business VMWare, a transaction he did not reveal until November 10.

Rep. Richard Allen (R-GA) announced earlier this month a June purchase of more than $15,000 in Dover, an industrial company. It wasn’t the first time Allen delayed reporting a trade for more than 45 days. The congressmen’s spokespeople did not react to inquiries.

Violate House Stock

The wife of Rep. Alan Lowenthal (D-Calif.) spent more than $15,000 on bonds in the technology business VMWare, a transaction he did not reveal until November 10.

Rep. Richard Allen (R-GA) announced earlier this month a June purchase of more than $15,000 in Dover, an industrial company. It wasn’t the first time Allen delayed reporting a trade for more than 45 days. The congressmen’s spokespeople did not react to inquiries.

According to Insider, 47 MPs have been identified by news sites, including Forbes, as having been late in disclosing their stock trades.

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Rep. Bob Gibbs (R-Ohio) disclosed buying moreover $1,000 in Exxon Mobil within 45 days, but it’s still remarkable. The transaction occurred 12 days after Gibbs defended oil CEOs speaking before the House Oversight and Reform Committee.

During the hearing, Gibbs termed Democrats’ demonization of the oil and gas business “shameful.” Gibbs’ involvement in the oil business extends beyond his investments. The oil business groups who testified before his panel contributed $42,000 to his campaign.

Gibbs’ office did not reply to a request for comment.

Rep. Bob Gibbs (R-Ohio) purchased Exxon Mobil stock less than two weeks after defending the company in a congressional hearing.

BOB GIBBS, CLERK OF THE HOUSE OF REPRESENTATIVES (R-OHIO)

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