Exclusive: Nine House Members Likely Broke the Law By Missing Annual Disclosure Deadlines
Six House Republicans & Three Democrats Likely Violated the STOCK Act
Every year, members of Congress are required to file personal financial disclosure reports as required by law under the STOCK Act.
This year, nine members of the House of Representatives failed to meet the May 15 deadline to file or request an extension.
Three Republicans have failed to file at all — Randy Feenstra of Iowa, Lance Gooden of Texas and Bill Huizenga of Michigan as time of publication.
They have all served in the House for multiple terms and have filed these forms in the past aka they should know the rules by now. Huizenga joined in 2011, Gooden in 2019, and Feenstra in 2021.
Based on last year’s reports, Huizenga’s net worth is an estimated of $1.56 million. Gooden’s is $553k, and Feenstra’s is $146k.
Six others missed the deadline but have since filed their forms.
New Jersey Democrat LaMonica McIver filed her form late on May 27 and has an estimated net worth of $672k. Earlier this month, she was indicted by a grand jury in a federal case after an altercation with officials at an ICE detention facility in her home state.
Colorado Republican Lauren Boebert (estimated net worth of $0) filed her form late on May 28. She disclosed holding zero reportable assets and no liabilities as her gun-themed restaurant closed in 2022, and her divorce finalized in 2023.
Last year, she disclosed a mortgage on residence that was held by her now-ex husband as well as book royalties that earned her $15k and $50k in income and a jointly-held checking account worth between $1k and $15k.
Wisconsin Republican Tom Tiffany (estimated net worth of $294k) filed his form late on May 29.
When asked why Rep. Tiffany failed to file on time, his Communications Director Caroline Briscoe stated: “After being notified, Rep. Tiffany promptly submitted his disclosure report. Congressman Tiffany has not traded stocks while in Congress.”
Illinois Democrat Danny Davis (estimated net worth of $488k) filed his form late on June 9. The long-serving member from Chicago joined the House in 1997.
Pennsylvania Democrat Summer Lee (estimated net worth of -$375k) filed her form late on June 10. She owes between $265k and $550k in students loans and reported only one asset — a state pension earned during her time as a state legislator.
Georgia Republican Mike Collins filed his form late on June 15. The trucking company owner actively trades in cryptocurrencies like Ethereum, Velodrome, Aerodrome and Ski Mask Dog coin. He has an estimated net worth of $17.1 million.
A House Ethics Committee’s spokesman declined to comment when asked for an explanation on why the members missed the deadline and if any have been fined.
All members’ offices besides Rep. Tiffany’s failed to respond to Hunter Index’s request for comment as of time of publication.
So What?
$250. That’s the amount a member is fined if they miss the deadline by more than 30 days. Considering their base annual salary of $174k, a $250 fine lacks any real impact.
Also, if members don’t follow the current rules, how can their constituents expect them to support the passage of popular legislation like a stock trading ban?
Why Does It Matter?
Please be informed of your politicians’ personal finances.
That’s our goal at the Hunter Index. We believe it is important for constituents to understand how their government officials’ personal finances may affect their policy making decisions as well as understanding the potential wide disparity between their wealth and that of the people in their home state or district.
Remember our favorite questions: Would you make a decision that costs your family money for the public good? Isn’t that what we ask of our government officials?
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