Exhibit 748

Examining Stock Trading Reforms for Congress, hearing before the Committee on House Administration, 117th Congress, 2nd Session

Exhibit 748 · Congressional hearing

Examining Stock Trading Reforms for Congress, hearing before the Committee on House Administration, 117th Congress, 2nd Session

I am confident that the majority, if not all of them, weren’t malicious but inadvertent

Chair Lofgren (D-CA) and Ranking Member Davis (R-IL) open a hearing on STOCK Act compliance and reform. Witnesses include Jacob Straus (CRS), Liz Hempowicz (POGO), Donald Sherman, Donna Nagy and Jennifer Schulp (Cato). In his opening statement Davis cites a press tally of members with reported violations and describes the violations as probably inadvertent. The testimony lists bills before the committee.

Source: Committee on House Administration, U.S. House of Representatives
Date: 7 April 2022
Quoted from: Opening statement of Ranking Member Davis, hearing of 7 April 2022 (printed p. 9; PDF p. 15)
Grade: Primary record
Document: https://www.govinfo.gov/content/pkg/CHRG-117hhrg47699/pdf/CHRG-117hhrg47699.pdf
Accessed: 2026-11-09
Cited by: Findings citing this exhibit

Cited by

Finding POL-4.5: Primary record On 29 July 2022 the House Committee on Ethics unanimously dismissed referrals over late periodic transaction reports for Representatives Fallon (R) and Jacobs (R) and Suozzi (D), stating that there was not clear evidence the errors were knowing or willful.
Finding POL-4.15: Reported Bills to restrict stock trading by members were heard in the House Administration Committee in April 2022, were not brought to a vote by the House Democratic leadership before the 2022 midterms, were advanced by the Senate Homeland Security Committee in July 2024 (8-4) and July 2025, and are supported by Pelosi as of 30 July 2025.