Secretary of Energy Jennifer Granholm violated a law that requires her to disclose hundreds of thousands of dollars in stock trades.
In 2021, Granholm made at least nine stock trades between April and October but failed to disclose them until months after the required deadline had passed, Business Insider reported on Thursday. The trades include companies like Gilead Sciences, whose value soared during the coronavirus pandemic.
The Stop Trading on Congressional Knowledge (STOCK) Act requires federal officials, including Granholm, to disclose transactions no later than 45 days after a transaction is made, regardless of whether they knew about the transaction.
In Granholm's December 16 disclosure, she revealed multiple sales from April 2021. A Washington Free Beacon analysis revealed that Granholm's mid-December releases of her stock transactions occurred more than 45 days after her April transactions occurred.
Granholm's finances have plagued her tenure as secretary of energy. While serving in the position, she held millions of dollars of stock in controversial electric vehicle battery company Proterra, which the Biden administration repeatedly promoted. While Granholm eventually sold hundreds of thousands of shares for a disclosed profit of $1.6 million, she has refused to disclose the identity of the buyer.
Published under: Biden Administration , Department of Energy , Ethics , Jennifer Granholm , Proterra