Full Breakdown
Wave of STOCK Act Disclosure Violations Highlights Ongoing Transparency Concerns
8/15/2026, 3:26:58 AM
Recent Violations Across the House and Senate
A NOTUS review of congressional financial records identified multiple lawmakers who failed to meet the 45-day disclosure deadline required by the Stop Trading on Congressional Knowledge (STOCK) Act. Rep. Shri Thanedar (D-Michigan) did not report a January sale of Apple stock valued between $100,001 and $250,000, nor an October sale of MicroStrategy shares, until the information was filed weeks later. Rep. Tracey Mann (R-Kansas) disclosed ten tech-heavy trades made by his wife more than two years after the transactions, with a combined value between $10,010 and $150,000. Rep. Derek Tran (D-California) disclosed a Litecoin sale about a year late after it crossed the $1,000 reporting threshold due to cryptocurrency volatility. Rep. Michael Rulli (R-Ohio) was months late on 22 trades involving companies such as Palantir, Pfizer, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Oracle, with values ranging from $22,022 to $330,000. Senate violations cited include Sen. Alan Armstrong (R-Oklahoma), Sen. Ron Wyden (D-Oregon) and several others, each failing to disclose spousal or personal trades within the statutory period.
Background and Legislative Context
The STOCK Act, enacted in 2012, obligates members of Congress to disclose individual stock, bond and cryptocurrency transactions within 45 days. Penalties start at $200 and are administered by the House Ethics Committee. In July, the House passed the Republican-backed Stop Insider Trading Act, which would prohibit lawmakers from buying new individual stocks while in office. The bill received limited Democratic support and now awaits Senate consideration.
Lawmakers Involved
- Shri Thanedar – D-Michigan; three STOCK Act violations, recently lost reelection.
- Tracey Mann – R-Kansas; two-year late disclosure of spouse’s tech trades.
- Derek Tran – D-California; late Litecoin disclosure, supports stricter transparency rules.
- Michael Rulli – R-Ohio; 22 late disclosures, member of the House Energy and Commerce Committee, voted for the Stop Insider Trading Act.
- Ron Wyden – D-Oregon; spouse’s six-figure exchange disclosed after preparation of annual financial report.
Official Statements & Responses
Thanedar told NOTUS that his wife sold MicroStrategy shares at a 17 % loss and that, once the sale was recognized, his office filed the required report and would accept any penalties.
Tran’s spokesperson, Jindalae Suh, said the congressman believed the Litecoin sale fell below the $1,000 reporting threshold, but volatility later pushed it above that level, prompting the delayed filing.
Rulli’s office acknowledged NOTUS’ request for comment but provided no details on whether a penalty was paid.
Wyden’s spokesperson, Hank Stern, described the spouse’s exchange as “automatic and done without direction” and noted that Wyden would not ask his wife to alter her small-business finances until clear rules apply to all members.
