{"id":1229265,"date":"2022-01-21T08:24:25","date_gmt":"2022-01-21T13:24:25","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1229265"},"modified":"2022-01-21T08:24:34","modified_gmt":"2022-01-21T13:24:34","slug":"biden-administration-official-broke-stock-trading-law-nine-times-last-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-official-broke-stock-trading-law-nine-times-last-year\/","title":{"rendered":"Biden Administration Official Broke Stock Trading Law Nine Times Last Year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-administration-official-broke-stock-trading-law-nine-times-last-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1229265&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Energy Secretary Jennifer Granholm broke the STOCK Act \u2014 a law that requires top federal officials to disclose their asset transactions within a 45-day window \u2014 nine times last year.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/01\/20\/energy-secretary-jennifer-granholm-violated-stock-disclosure-law-9-times.html\">CNBC<\/a> reported:<\/p>\n<p>The dates of Granholm\u2019s stock sales ranged from April to late October, according to federal disclosure documents first reported by Business Insider. But Granholm did not disclose any of them until mid-December, which was in some cases a full 6 months after the deadline to report the sale had passed\u2026<\/p>\n<p>The transactions included shares of the real estate website Redfin worth between $16,000 \u2013 $75,000, according to Granholm\u2019s disclosures. <\/p>\n<p>She also sold shares in the ride hailing company Uber worth up to $50,000, and the financial services giant Invesco, also worth up to $50,000.<\/p>\n<p>The report occurs as Congress debates new restrictions on stock trading \u2014 especially for shares in individual companies, as opposed to index funds that track market movements as a whole.<\/p>\n<p>At the end of last year, House Speaker Nancy Pelosi (D-CA) \u2014 whose husband, Paul, frequently trades large volumes of assets \u2014 <a href=\"https:\/\/www.dailywire.com\/news\/pelosi-on-why-congress-should-be-allowed-to-trade-stock-after-dozens-broke-law-we-should-be-able-to\">avoided<\/a> questions as to why lawmakers should be allowed to trade stocks in individual companies given lawmakers\u2019 high degree of restricted knowledge relevant to certain industries. \u201cBecause this is a free market and people \u2014 we are a free market economy,\u201d Pelosi said during a news conference. \u201cThey should be able to participate in that.\u201d<\/p>\n<p>On Thursday, however, Pelosi appeared to <a href=\"https:\/\/www.dailywire.com\/news\/pelosi-has-great-confidence-in-fellow-lawmakers-but-is-now-open-to-more-stock-trading-restrictions\">change<\/a> her tune. She said that she has \u201cgreat confidence in the integrity of my members\u201d \u2014 yet will remain open to new regulations.<\/p>\n<p>\u201cI do come down always in favor of trusting our members,\u201d she explained. \u201cIf the impression that is given by some that somebody is doing insider trading, that\u2019s a Justice Department issue \u2026 and that has no place in any of this.\u201d<\/p>\n<p>\u201cBut to give a blanket attitude of \u2018we can\u2019t do this and we can\u2019t do that,\u2019 because we can\u2019t be trusted, I just don\u2019t buy into that,\u201d she continued. \u201cBut if members want to do that, I\u2019m okay with that.\u201d<\/p>\n<p>President Biden appears to be dodging the debate altogether. White House Press Secretary Jen Psaki <a href=\"https:\/\/www.dailywire.com\/news\/biden-steers-clear-of-insider-trading-debate-will-let-members-of-leadership-in-congress-figure-it-out-says-psaki\">said<\/a> that President Joe Biden will allow members of Congress to determine their own rules for stock trading.<\/p>\n<p>\u201cThe president didn\u2019t trade individual stocks when he was a senator, that is how we approached things,\u201d Psaki remarked. \u201cHe also believes that everyone should be held to the highest standard, but he\u2019ll let the leadership in Congress \u2026 determine what the rule should be.\u201d<\/p>\n<p>The most recent <a href=\"https:\/\/www.dailywire.com\/news\/mccarthy-considering-an-outright-ban-on-lawmakers-being-able-to-trade-stocks-if-gop-wins-house\">considerations<\/a> come from House Minority Leader Kevin McCarthy (R-CA), who reportedly wants to start a potential \u201coutright ban,\u201d on lawmakers holding or trading stocks if Republicans win the majority in this year\u2019s midterm elections.<\/p>\n<p>\u201cMcCarthy told us his planning on this front is in its early stages, and he hasn\u2019t yet decided on what kind of limitations there may be on stock trades or holdings,\u201d Punchbowl News reported. \u201cOne idea would be to force lawmakers to hold only professionally managed mutual funds. Another proposal the GOP leadership is considering would bar lawmakers from holding stocks in companies or industries their committees oversee.\u201d<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy Secretary Jennifer Granholm broke the STOCK Act \u2014 a law that requires top federal officials to disclose their asset transactions within a 45-day window \u2014 nine times last year. CNBC reported: The dates of Granholm\u2019s stock sales ranged from April to late October, according to federal disclosure documents first reported by Business Insider. But &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1229265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1229265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1229265"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1229265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1229265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1229265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1229265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}