Rep. Jasmine Crockett (D-Texas) is facing potential legal issues for failing to disclose ownership of stocks in at least 25 companies on her congressional financial disclosures, according to a new complaint obtained by the Washington Free Beacon.
As a Texas state legislator, Crockett reported owning shares in 28 companies during 2021, including major players in pharmaceuticals, fossil fuels, technology, automobiles, and marijuana industries. However, she omitted 25 of these stocks from her congressional disclosures for the same year.
This omission includes holdings in companies that could benefit from legislation she introduced in Congress, raising concerns about conflicts of interest.
The Foundation for Accountability and Civic Trust (FACT), a nonpartisan watchdog group, filed a complaint with the Office of Congressional Conduct regarding Crockett's incomplete disclosures. FACT believes she may have violated the Ethics in Government Act.
"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," said FACT executive director Kendra Arnold.
Under this law, politicians who knowingly submit false financial disclosures can face criminal penalties, including imprisonment.
Summary: Representative Jasmine Crockett faces an ethics investigation for allegedly concealing ownership of stocks that could conflict with her legislative work, potentially violating federal law.
Would you like the summary to be more detailed or concise?