{"id":728672,"date":"2021-09-08T00:50:33","date_gmt":"2021-09-08T04:50:33","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=728672"},"modified":"2021-09-08T08:51:29","modified_gmt":"2021-09-08T12:51:29","slug":"house-ethics-committee-reviewing-rep-malinowskis-stock-trades","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-ethics-committee-reviewing-rep-malinowskis-stock-trades\/","title":{"rendered":"House Ethics Committee Reviewing Rep. Malinowski\u2019s Stock Trades"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/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%2Fhouse-ethics-committee-reviewing-rep-malinowskis-stock-trades%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=728672&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>The House Ethics Committee on Tuesday said that it is reviewing whether Rep. Tom Malinowski (D-N.J.), the vice-chair of the U.S. House of Representatives Foreign Affairs Committee, violated ethics rules and federal law when he allegedly failed to disclose his stock trades.<\/p>\n<p>Chair of the House Ethics Committee Rep. Ted Deutch (D-Fla.) and Ranking Member Jackie Walorski (R-Ind.) <a href=\"https:\/\/pbs.twimg.com\/media\/E-tVwyHXsAUWCKI?format=jpg&amp;name=large\">said<\/a> that pursuant to House and committee rules, they \u201chave jointly decided to extend the matter regarding Representative Tom Malinowski, which was transmitted to the committee by the office of congressional ethics on July 23, 2021.\u201d<\/p>\n<p>It comes after two ethics complaints were filed against the New Jersey Democrat earlier this year, following a <a href=\"https:\/\/www.businessinsider.com\/tom-malinowski-stock-trades-congress-transparency-new-jersey-2021-3\">report from Business Insider<\/a> that he failed to disclose dozens of stock transactions worth at least $671,000 in violation of the 2012 Stock Act, and a <a href=\"https:\/\/apnews.com\/article\/health-coronavirus-pandemic-business-government-and-politics-388628625536887fefa47b9bbca629eb\">report by The Associated Press<\/a> (AP) that found he bought or sold as much as $1 million of stock in medical and tech companies that had a stake in the COVID-19 pandemic response.<\/p>\n<p>The <a href=\"https:\/\/www.congress.gov\/112\/plaws\/publ105\/PLAW-112publ105.htm\">Stock Act<\/a> is a 2012 law intended to curtail stock market speculation by lawmakers, and requires Congress members to report any securities transactions exceeding $1,000 within 45 days of the trade execution.<\/p>\n<p>Malinkowski told AP that it was \u201ca mistake that I own 100%.\u201d Last month, he placed his financial assets into a <a href=\"https:\/\/www.documentcloud.org\/documents\/21048289-rep-tom-malinowski-blind-trust\">blind trust<\/a>, which is operated by an independent trustee.<\/p>\n<p>A formal probe into the lawmaker hasn\u2019t been opened by the House Ethics Committee, but it is reviewing a report from the Office of Congressional Ethics (OCE), an independent ethics watchdog, which, unlike the Ethics Committee, cannot issue subpoenas or discipline members.<\/p>\n<p>\u201cRep. Malinowski continues to participate in this routine process in good faith, and remains committed to complete transparency with the public; going beyond the requirements for Members of Congress by placing his holdings in an Ethics Committee approved qualified blind trust,\u201d Malinowski\u2019s office said in a statement.<\/p>\n<p>The Epoch Times has reached out to Malinowski\u2019s office for additional comment.<\/p>\n<p>The Ethics Committee noted that its disclosure of extending the review into Malinowski does not itself indicate that any violation has occurred.<\/p>\n<p>\u201cThe committee will announce its course of action in this matter on or before Thursday, October 21, 2021,\u201d Deutch and Walorski wrote.<\/p>\n<p>The House Ethics Committee on Tuesday also announced the extension of reviews of alleged misconduct by three other lawmakers\u2014Republican Reps. Mike Kelly of Pennsylvania, Jim Hagedorn of Minnesota, and Alex Mooney of West Virginia.<\/p>\n<p>The offices of Kelly, Hagedorn, and Mooney didn\u2019t immediately respond to requests for comment by The Epoch Times.<\/p>\n<div class=\"one_author_block round\">\n<div class=\"top_row\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/08\/Isabel-1-e1619168217897.jpg\" alt=\"Isabel van Brugen\" \/><\/p>\n<div class=\"names\">\n<p>Isabel van Brugen<\/p>\n<p>Reporter<\/p>\n<\/div>\n<\/div>\n<p>Isabel van Brugen is an award-winning journalist and currently a news reporter at The Epoch Times. She holds a master&#8217;s in newspaper journalism from City, University of London.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The House Ethics Committee on Tuesday said that it is reviewing whether Rep. Tom Malinowski (D-N.J.), the vice-chair of the U.S. House of Representatives Foreign Affairs Committee, violated ethics rules &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-728672","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\/728672","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=728672"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/728672\/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=728672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=728672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=728672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}