C. Douglas Golden, The Western Journal
January 24th, 2022
When Joe Biden was running for president, he promised Americans a transparent administration in the White House. Energy Secretary Jennifer Granholm seems to be one of many who haven’t gotten the message.
According to a Friday report from Business Insider, Granholm was the latest of many politicians who were found to have violated the STOCK Act, a law that stipulates federal officials, lawmakers, their staff and close relatives must report stock and commodity trades within a certain period.
Granholm is far from the only one involved here. At last count, 54 members of Congress were found to be in violation of the act, according to Business Insider’s reporting. (Despite this, House Speaker Nancy Pelosi is openly resisting any change to laws regarding how members of Congress may invest.
Between April and October of last year, Granholm sold $240,000 in stock — but only reported the sales to the Office of Government Ethics on Dec. 15 and 16.
The deadline for reporting trades under the STOCK Act is 30 days after an individual is notified or 45 days after the transaction is made.
The energy secretary’s investments involved numerous companies with fingers in the pandemic pie, as well.
“Granholm’s stock sales involved shares of biopharmaceutical firm Gilead Sciences Inc. — a major government contractor and maker of COVID-19 treatment remdesivir — mobility service Uber, and real estate company Redfin,” Business Insider’s Warren Rojas reported.
In her disclosure forms with the Office of Government Ethics, Granholm said she hadn’t been notified of the trades more than 30 days before, according to Business Insider. However, all of the trades occurred over 45 days prior to her disclosure forms — in some cases, months prior.