Jasmine Crockett Faces Ethics Complaint Over Undisclosed Stock Holdings
Representative Jasmine Crockett (D., Texas) is under scrutiny for allegedly hiding stock ownership in at least 25 companies from her congressional financial disclosures, according to a complaint obtained by the Washington Free Beacon.
As a Texas state legislator in 2021, Crockett reported owning shares in 28 companies across various sectors such as pharmaceuticals, fossil fuels, technology, automobiles, and marijuana. However, she failed to disclose 25 of these stocks on her congressional disclosures for the same year, including stakes in firms potentially benefiting from her proposed legislation.
Details and Legal Implications
The complaint was filed by the Foundation for Accountability and Civic Trust (FACT), a nonpartisan watchdog group. FACT alleges that Crockett’s incomplete disclosure may violate the Ethics in Government Act, which requires full transparency in financial interests of lawmakers.
"When Members of Congress fail to accurately and fully disclose their financial interests, it undermines the integrity of our government and erodes the public’s trust," said FACT executive director Kendra Arnold.
Violations of this act can lead to prison sentences for knowingly and willfully submitting false financial information.
Context on Crockett's Stock Portfolio
- Reported ownership in 28 companies as a Texas state lawmaker in 2021.
- Undisclosed stakes in 25 firms on congressional disclosures covering the same year.
- Stocks include various industries, some with direct legislative interest.
Summary
The case raises concerns about transparency and ethics in government, highlighting potential legal consequences for lawmakers who fail to disclose financial interests fully.
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