this post was submitted on 06 Apr 2025
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United States | News & Politics

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Democratic lawmaker violates STOCK Act with Tesla, Amazon trades (www.opensecrets.org)
submitted 9 months ago by Sunshine@lemmy.ca to c/usa@midwest.social
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[–] KoboldCoterie@pawb.social 15 points 9 months ago

But the fine is nominal — $200 for first offenders — and the House Ethics Committee, which is the primary enforcer of the STOCK Act, may choose to waive it without publicly disclosing it has done so. The Department of Justice has criminally investigated a handful of alleged STOCK Act violations but declined to bring charges.

The system is fundamentally broken. That isn't a penalty, that's just a fee they pay as part of their transaction.