by Ethan Faverino | Dec 8, 2025 | News
By Ethan Faverino |
U.S. Representative Eli Crane (R-AZ-02) has signed onto Rep. Anna Paulina Luna’s (R-FL) discharge petition to force a floor vote on H.R. 1908, the Restore Trust in Congress Act, legislation that would prohibit Members of Congress, their spouses, and dependent children from trading or owning individual stocks and other covered investments while in office.
The move comes amid growing bipartisan frustration over potential insider trading and conflicts of interest in Congress, with public polls showing overwhelming support for ending the practice. Rep. Crane, who has never traded stocks during his time in office, has long championed the reform as essential to restoring public trust.
“The American people overwhelmingly agree that Members of Congress should not be allowed to trade stocks while in office. Lawmakers who are privy to sensitive and non-public information should not have the ability to profit from their access,” said Rep. Crane. “I applaud Rep. Luna for taking initiative and leading the charge to end this corrupt practice in our nation’s capital. Republicans and Democrats alike should join forces and get this reform across the finish line.”
Introduced by Rep. Luna, H.R. 1908, would amend federal ethics law to bar covered individuals from purchasing, owning, or trading stocks, commodities, and similar investments, with limited exceptions for diversified mutual funds, U.S. Treasury securities, and certain occupational or inherited assets.
The bill imposes a 180-day divestment period for current lawmakers and 90 days for new ones, with penalties including a 10% fee on prohibited holdings and forfeiture of profits from violations.
“A discharge petition is the strongest tool we have to guarantee a vote on behalf of the American people, and it exists for moments exactly like this,” said Rep. Luna.
“This is one of the most popular, most supported issues in the entire country. Americans deserve a Congress that works for them, not for special interests or personal portfolios,” she added. “I look forward to working with every faction, every caucus, and every Member, Republican and Democrat, to finally get this over the finish line.”
The discharge petition, if successful, would bypass committee delays and bring the bill directly to the House floor under H. Res. 725, which waives procedural hurdles and limits debates to one hour.
Ethan Faverino is a reporter for AZ Free News. You can send him news tips using this link.
by Matthew Holloway | Aug 19, 2025 | News
By Matthew Holloway |
Following a post on X mourning the reported buyouts of Arizona Republic writers and reporters, Arizona Democratic Attorney General Kris Mayes received a harsh rebuke for her participation in a 2000 stock trading scandal. Mayes acknowledged being a party in a 2003 article after resigning from the newspaper.
In her August 13th post, Mayes wrote, “The buyouts at the Arizona Republic are devastating. Losing legendary reporters like @maryjpitzl means less accountability and less transparency for the public. And it’s bad news for democracy. As a former Republic reporter it breaks my heart to see the state of the paper today.“
Brian Anderson, Founder of the Saguaro Group and Arizona Capitol Oversight, quoted the post from Mayes the following day. His post included a newspaper clipping dating to the 2003 Arizona Republic story that revealed Mayes’ participation in purchasing stock from Central Newspapers Inc. (CNI) shortly before the sale of the Arizona Republic to Gannett Co., Inc.. The stock trade netted the then-beat reporter approximately $5,000, according to Mayes.
Anderson wrote, “When @KrisMayes was a ‘journo’ at @azcentral, she was investigated for insider trading and then suddenly resigned.”
According to a 2022 article in the Republic, when the scandal came to light again in Mayes’ campaign for the AG Office, the Democrat defended the purchase of CNI stock. No charges against Mayes or the other nine members of the Republic newsroom were brought at the time.
However, as the Republic noted, a letter to readers in the newspaper in 2000 from then-Executive Editor Pam Johnson announced the scandal, informing readers that 10 of its “newsroom staff” were flagged by the company after purchasing CNI stock through their 401(k) accounts.
Johnson, who passed away at the age of 74 in 2021, openly chided her staffers, including Mayes, for violating the Republic’s ethics policy. She wrote, “Republic journalists should never attempt to gain from information the general public does not have access to.”
She told readers:
“In this case, we investigated all of those involved and concluded that no one had what securities regulators would consider ‘insider information.’ That is to say, they had no concrete evidence that the company was going to be put up for sale. And therefore, there were no legal implications. They acted on gossip. Still, they heard or saw things that the general public couldn’t.”
“Many of our staff members heard or saw those same things and did not act. As one said: ‘I didn’t know if it was illegal, but I knew it wasn’t right.’ We agree,” she added.
According to AZCentral, the punishments handed down in the incident included suspensions without pay for four supervisors and formal letters placed in the personnel files of six reporters, including Mayes. The Attorney General has maintained that her subsequent resignation was planned in advance so that she could attend law school.
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
by Corinne Murdock | Sep 10, 2022 | News
By Corinne Murdock |
On Thursday, Senator Mark Kelly (D-AZ) claimed that he doesn’t engage in stock trading. Yet last year, Kelly was fined for violating the Stop Trading On Congressional Knowledge (STOCK) Act.
Kelly tweeted that he also doesn’t benefit from corporate political action committee (PAC) money, and has a public Senate schedule.
“These are the standards I hold myself to,” stated Kelly. “And I’m working to make it the standard for the whole Senate.”
The stock trading that earned Kelly his fine was with Boom Technology (previously known as Boom Aerospace, or Boom Supersonic): a Chinese-partnered company designing supersonic aircrafts on whose board Kelly served from 2015 to 2019. Kelly failed to file a disclosure on exercising that stock option for four months. The STOCK Act requires legislators to disclose that action within 30 days of notification or 45 days of the transaction.
REVIEW SENATOR KELLY’S STOCK DISCLOSURES
In January, Kelly introduced legislation to ban members of Congress and their families from selling stocks while in office: the Ban on Congressional Stock Trading Act. It hasn’t moved out of the Homeland Security and Governmental Affairs Committee since then.
Other Democrats introduced similar bills after Kelly’s was introduced, also fated to wait in committees: Senator Elizabeth Warren (D-MA) and Congresswoman Pramila Jayapal (D-WA-07) with the Bipartisan Ban on Congressional Stock Ownership Act of 2022, and Senator Kirsten Gillibrand (D-NY) and Congresswoman Katie Porter (D-CA-45) with the STOCK Act 2.0.
Kelly currently uses the motionless bill to fundraise for his campaign through ActBlue. The fundraising page also alleges that Kelly rejects corporate PAC money.
Kelly’s claim is technically true — corporate funds to his campaign don’t come from a PAC, but they do come from corporate executives. According to Federal Election Commission (FEC) records, Kelly’s campaign receives a majority of its major donations from his PAC called the Mark Kelly Victory Fund. That fund, in turn, receives money from major corporate executives. From January 2021 through June 2022, the fund’s biggest donations were nearly a dozen $20,800 donations from individuals directly in or closely associated with the corporate world.
For example: in June, Kelly received $41,600 from Michael Michelson and his wife, Georgia Taylor Michelson. Michael serves on the board of directors for Zimmer Biomet, a medical device corporation.
Corinne Murdock is a reporter for AZ Free News. Follow her latest on Twitter, or email tips to corinne@azfreenews.com.
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