Chris Jacobs among 22 lawmakers on list who missed Stock Act deadlines

The Buffalo News

Asked if it was significant that Jacobs' trades largely involved municipal bonds rather than stocks, Delaney Marsco, senior legal counsel for ethics at the Campaign Legal Center, noted that it is important that lawmakers quickly report bond transactions, too. Seeing those totals made Marsco recall that $200 fine lawmakers face for each STOCK Act violation. "The enforcement mechanisms in the STOCK Act are not particularly strong," she said. "You see these members of Congress who are trading hundreds of thousands of dollars of stock in one day. You know, they aren't going to care if they have to pay $200 for every late filing."

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