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Sen. John Fetterman Blames STOCK Act Violation on ‘Administrative Error’

The Pennsylvania Democrat was about a year late revealing he invested in a bank on behalf of one of his children.

John Fetterman

The Pennsylvania Democrat is one of many members to violate a disclosure rule. J. Scott Applewhite/AP

Democratic Sen. John Fetterman of Pennsylvania is the latest member of Congress to violate a federal transparency and insider trading law by failing to properly disclose a personal financial trade, according to a NOTUS review of Senate records.

Fetterman was about a year late disclosing the April 2025 purchase of a corporate bond for First Citizens BancShares, the holding company for First Citizens Bank, made on behalf of one of his dependent children, the records indicate.

The listed purchase value: between $1,000 and $15,000. (Lawmakers are only required to disclose the value of their stock and bond trades in broad ranges.)

In a message to Senate officials, Fetterman said that the corporate bond purchase was “inadvertently omitted” from on-time disclosure because of an “administrative error.” He added that the transaction was “not directed or requested by the filer, filer’s spouse, or filer’s dependent child,” but did not further elaborate.

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Fetterman’s Senate office did not respond to requests for comment.

It’s unclear whether Fetterman paid a standard $200 fine for violating the Stop Trading on Congressional Knowledge Act’s requirement that lawmakers publicly disclose stock, bond and cryptocurrency trades no later than 45 days after executing them. The Senate Ethics Committee, which polices the STOCK Act within the Senate, declined to comment Monday.

While many senators hire financial professionals to manage their money, “it is the filer’s responsibility to monitor accounts owned by you, your spouse, and your dependent children, recognize reportable transactions, and file [periodic transaction reports] in a timely manner,” the Senate Ethics Committee states in its official financial-disclosure instructions to senators.

“While you may have a discretionary account allowing a financial advisor to buy, sell, and exchange investments on your behalf, the Committee strongly recommends that you receive and review account statements on at least a monthly basis,” the guidance continues.

First Citizens BancShares, for its part, spent $92,000 lobbying Congress in 2025, and $23,000 during the first quarter of 2026, according to federal lobbying records. Mortgage lending, banking and housing are among the issues on which it has broadly lobbied lawmakers so far this year.

Since July, more than two dozen federal lawmakers have reportedly violated the STOCK Act, including then-Sen. Markwayne Mullin of Oklahoma and Sens. Katie Britt of Alabama, Susan Collins of Maine, John Hickenlooper of Colorado and Mike Rounds of South Dakota.

In the House, STOCK Act violators include Reps. Linda Sánchez of California, Julia Letlow of Louisiana, Jim Jordan of Ohio, Lisa McClain of Michigan, Pat Ryan of New York, Sheri Biggs of South Carolina, Donald Norcross of New Jersey, Rich McCormick of Georgia, Ritchie Torres of New York, Troy Nehls of Texas, Dan Meuser of Pennsylvania, Jonathan Jackson of Illinois, George Whitesides of California, Val Hoyle of Oregon, Austin Scott of Georgia, Shri Thanedar of Michigan, Debbie Wasserman Schultz of Florida, Pramila Jayapal of Washington state, Kelly Morrison of Minnesota, Ed Case of Hawaii and Scott Franklin of Florida. Rep. Kevin Hern of Oklahoma was also late, although his office denies it.

Other members — such as Reps. Cleo Fields of Louisiana, Dave Taylor of Ohio, Tim Moore of North Carolina and Byron Donalds of Florida — have reported making personal financial trades with notably political timing.

Earlier this month, President Donald Trump also disclosed making thousands of individual stock trades together worth millions of dollars during early 2026. Some of Trump’s trades coincided with favorable regulatory decisions affecting the companies in which the president invested. Trump also invested in companies with massive contracts with the federal government.

Some members of Congress want to ban stock trading outright for themselves and their peers.

Lawmakers in both parties have teamed up to introduce bills to end the practice. However, Republicans have been moving their own bill through the House this year to ban stock trading, a measure known as the Stop Insider Trading Act that Democrats have criticized as being full of loopholes.

But the movement has lost some momentum — at least for the moment — with no House vote scheduled on the Stop Insider Trading Act. A similar stock-ban bill advanced last summer to the full Senate has similarly languished. Meanwhile, a more aggressive, bipartisan stock bill in the House called the Restore Trust in Congress Act has yet to receive a committee vote. Nor has a Democrat-backed bill called the Restore Trust in Government Act, which in part aims to extend a stock-trade ban beyond Congress to the executive branch.

A few members of Congress have voluntarily abstained from trading individual stocks, including Republican Reps. Rob Bresnahan of Pennsylvania and Jefferson Shreve of Indiana and Democratic Reps. Julie Johnson of Texas and Val Hoyle of Oregon.

Hoyle violated the STOCK Act in 2025 — then vowed to quit stock trading — after failing to properly disclose 217 stock transactions by her husband, OpenSecrets reported at the time.

That number appears to have ticked up by one, however, as Hoyle on Friday told the Clerk of the House of Representatives that she “inadvertently omitted” disclosing the April 2025 sale of one of her husband’s stock holdings — an investment in LPL Financial Holdings worth up to $15,000 — until now.