Ethics Watchdog Calls for Probe into Former Rep. and Now Candidate Harley Rouda
Updated: Jul 20
Evidence Shows Rouda Violated House Ethics Rules
Washington, D.C.— July 19, 2021— The non-partisan ethics watchdog, the Foundation for Accountability and Civic Trust (FACT), sent the Office of Congressional Ethics (OCE) a letter immediately calling for the investigation of former Representative, and current candidate, Harley Rouda of California for violating United States House of Representatives ethics rules.
Federal law and House Ethics rules require Members to disclose financial information to the public, including financial disclosure reports that provide a “full and complete” statement of the Member’s and his spouse's assets, debts, and income, as well as periodic reports of financial transactions that exceed $1,000 within 30 to 45 days of the transaction.
Recent reports show that Rouda failed to disclose the purchase and sale of stocks while he was in office last year. In May and June of 2020, Rouda’s wife traded up to $45,000 of Amazon and Tesla stocks —“companies Congress is looking to heavily regulate.” Rouda disclosed the transactions nearly a year later in a report filed May 20, 2021. In addition, this is not Rouda’s first violation. Rouda failed to file four stock transactions which occurred in 2019. A year after the majority of the transactions, he ultimately disclosed them in August 2020 and paid a fine for not complying with the law.
“The law is abundantly clear and there are no excuses for not complying once, let alone twice. It appears that even though he was fully aware of the law, Rouda was not taking these reporting requirements seriously. The disclosure laws are the only avenue for citizens to monitor whether House Members have conflicts of interest or are wrongly profiting from information they've obtained from their official position, and repeat violations are unacceptable. The OCE must investigate immediately and impose the proper sanctions including fines and penalties if found in violation," said Kendra Arnold, Executive Director of FACT.
A full copy of the complaint can be found by clicking here.
FACT is a nonprofit organization dedicated to promoting accountability, ethics, and transparency in government and civic arenas. For more on FACT, visit: http://www.factdc.org/