Rep. Dan Meuser (R-Pa.) failed to report in a timely way that his wife and children purchased as much as $600,000 worth of stock at the depths of the pandemic stock market crash.
Meuser finally made the disclosure on Wednesday with the House Clerk's office, more than a year after the law requires. The disclosure indicates that between March 26 and March 31, 2020, Meuser's dependent children purchased between $107,023 - $555,000 worth of stock in Visa Inc., Walt Disney Co., Microsoft Corp. and Google's parent Alphabet Inc., while Meuser's wife purchased between $3,003 - $45,000 worth of Visa, Microsoft and Alphabet stock on March 26 of that year.
All of the stocks have soared since then, most notably Alphabet. As of Thursday's closing, Alphabet's stock has increased more than 150 percent since initially purchased by Meuser's family. The Alphabet purchase alone could have netted the family as much as $150,000 or more, but broad ranges provided in the disclosures make it impossible to know how much.
Meuser joins a list of other members who have recently failed to disclose their financial transactions within the reporting window specified in the Stop Trading on Congressional Knowledge Act, better known as the STOCK Act. They include Reps. Lori Trahan (D-Mass.), Debbie Wasserman Schultz (D-Fla.), Kathy Castor (D-Fla.), Cheri Bustos (D-Ill.), Steve Chabot (R-Ohio) and August Pfluger (R-Texas), as well as Sens. Rand Paul (R-Ky.) and Tommy Tuberville (R-Ala), according to disclosures they recently filed with Congress.
