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TexasTowelie

(111,300 posts)
Thu Apr 23, 2020, 08:10 AM Apr 2020

Donna Shalala failed to disclose stock sales in 2019 in violation of federal law

WASHINGTON -- Miami Democratic Rep. Donna Shalala, the lone House Democrat on the committee set up to oversee $500 billion in taxpayer money being used for coronavirus-related payouts to large businesses, violated federal law when she failed to disclose stock sales while serving in Congress.

Shalala told the Miami Herald on Monday she sold a variety of stocks throughout 2019 to eliminate any potential conflicts of interest after she was elected to Congress in November 2018. But the transactions were not publicly reported as required by the STOCK Act, a 2012 law that prohibits members of Congress and their employees from using private information gleaned from their official positions for personal benefit and requires them to report stock sales and purchases within 45 days.

Shalala’s office said the congresswoman and her financial adviser made a mistake.

Shalala, the former head of the Department of Health and Human Services under President Bill Clinton, is in the process of setting up a blind trust for her assets, and transactions made within a blind trust without a lawmaker’s knowledge are not required to be disclosed. But the blind trust isn’t finalized, meaning any transactions would need to be made public.

Read more: https://www.mcclatchydc.com/news/politics-government/congress/article242178846.html

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Donna Shalala failed to disclose stock sales in 2019 in violation of federal law (Original Post) TexasTowelie Apr 2020 OP
Oh boy the right will now go ape dump all over this Fullduplexxx Apr 2020 #1
As they should. Cartaphelius Apr 2020 #2
Oh i completely agree about holding them accountable . Fullduplexxx Apr 2020 #3
So don't they normally just file an amended report? Midnight Writer Apr 2020 #4
 

Cartaphelius

(868 posts)
2. As they should.
Thu Apr 23, 2020, 08:33 AM
Apr 2020

To respond differently would be hypocritical.

Shalala should be held to the same standards we hold any
other violations.

Assuming the investigating demonstrates criminality.

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