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Thursday, November 21, 2024

Burchett's stock disclosure act advances in House Oversight Committee

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U.S. Rep. Tim Burchett representing Tennessee's 2nd Congressional District | Official U.S. House headshot

U.S. Rep. Tim Burchett representing Tennessee's 2nd Congressional District | Official U.S. House headshot

U.S. Congressman Tim Burchett's bill, known as the "Timely Stock Disclosure Act," has successfully passed through the House Oversight Committee. The legislation, designated as H.R. 10133, proposes a reduction in the timeline for reporting stock transactions by Members of Congress and senior government officials. Under this new bill, these individuals would be required to disclose their stock trades within 15 to 30 days, a change from the previous requirement of 30 to 45 days.

Congressman Burchett emphasized the importance of this measure by stating, "You've got members on both sides of the aisle that get sensitive information and then start making money hand over fist. It's just not right and I'm glad it passed unanimously."

The complete text of H.R. 10133 is available for public review.

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