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 on her congressional financial disclosures, potentially violating the Ethics in Government Act. This information comes from a complaint reviewed by the Washington Free Beacon.
Background on Stock Holdings
As a Texas state lawmaker in 2021, Crockett disclosed owning shares in 28 companies spanning several industries such as pharmaceuticals, fossil fuels, technology, automobiles, and marijuana. However, she reportedly omitted 25 of those stock holdings from her 2021 congressional financial disclosures.
Potential Conflict of Interest
The omitted stocks include shares in firms that could benefit from legislation Crockett has introduced in Congress, raising concerns about transparency and conflicts of interest.
Watchdog Group's Complaint
The Foundation for Accountability and Civic Trust (FACT), a nonpartisan watchdog, filed a complaint with the Office of Congressional Conduct. FACT asserts that Crockett’s incomplete disclosures might constitute a violation of the Ethics in Government Act, which carries possible prison penalties for intentional false filings.
"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,"
– Kendra Arnold, FACT executive director
Summary
The complaint highlights serious transparency issues in Crockett's financial reporting, suggesting potential legal repercussions under federal ethics laws.
Author’s Note
Jasmine Crockett’s undisclosed stock holdings raise pressing questions about congressional transparency and adherence to ethics regulations.