Two U.S. senators — Democrat John Hickenlooper of Colorado and Republican Mike Rounds of South Dakota — violated a federal transparency law by failing to properly disclose personal and family stock trades, including a pair involving a prominent defense contractor, according to a NOTUS review of congressional financial documents.
They’re the latest in a litany of lawmakers tripped up in recent months by the Stop Trading on Congressional Knowledge, or STOCK, Act, which Congress passed in 2012 to increase public transparency, curb conflicts of interest and defend against insider trading. The law, in part, requires members of Congress to disclose individual stock, bond, cryptocurrency and several other kinds of financial trades no more than 45 days after the trade is made.
Hickenlooper was nearly a year past a federal deadline when, on May 5, he reported full details of a Liberty Broadband Corporation stock sale by his wife. The value: between $500,000 and $1 million.