Democratic Rep. Shri Thanedar, one of the wealthier members of Congress, said he plans to voluntarily sell off all of his individual stock holdings after NOTUS asked about Thanedar’s recent violation of a law designed to defend against conflicts of interest and promote government transparency.
Thanedar failed to publicly report — until Monday — up to $50,000 worth of MicroStrategy Incorporated shares he bought more than 13 months ago, a violation of the STOCK Act’s 30-day deadline for disclosing such a trade.
Thanedar’s decision, which he explained in a phone call to NOTUS, comes as debate rages in Congress over whether lawmakers should be allowed to buy and sell stocks in the first place.