Rep. Tom Suozzi (D-NY), a Democrat on the House Ways and Means Committee, is the latest member of Congress not to comply with a federal law that requires lawmakers to report securities trades within 45 days.
On Thursday, Suozzi revealed that he had failed to properly disclose more than $6 million of trades dating back to January 2017.
The Ways and Means panel is the chief tax-writing committee in the House, giving Suozzi influence over many of the companies in which he was investing.
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The Democrat’s office has not responded to an inquiry. But in a statement to NPR, which reported some of Suozzi’s late disclosures earlier this week, a spokesperson acknowledged the error. “The congressman’s investments are managed through independent advisors with discretion over all transactions,” the representative said. “Every transaction has been reported on his annual financial disclosure, and all proper periodic disclosures will be filed on a going-forward basis.”
More than 5% of members of Congress have been late to report stock trades in 2021, according to a tally by Insider.