Rep. Jamie Raskin Allegedly Violated STOCK Act by Not Disclosing Wife’s $1.5M Stock Payout

True Pundit February 7, 2022

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Democrat Rep. Jamie Raskin (D-MD) allegedly violated the Stop Trading on Congressional Knowledge (STOCK) Act by failing to disclose his wife’s $1.5 million stock payout, according to Business Insider.

President Joe Biden nominated Raskin’s wife, Sarah Bloom Raskin, for vice chairwoman of supervision at the Federal Reserve, a vital financial position. Raskin’s wife previously served at the top levels of the U.S. Treasury and the Federal Reserve during former President Barack Obama’s administration.

Raskin took eight months to disclose his wife’s sale of 195,936 shares of Reserve Trust, where she sat on the advisory board. This sale resulted in $1.5 million in profit for Raskin’s wife.

The STOCK Act requires members of Congress to report assets for themselves and their spouses if they’re valued at more than $1,000.

Congress passed the STOCK Act in 2012 after Breitbart News senior contributor Peter Schweizer released Throw Them All Out, which exposed corruption among political officials. – READ MORE

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