Loading
Loading
The STOCK Act requires officials to disclose stock trades within 30 days of notification, 45 days from the transaction at most. When that deadline passes, the filing is late. The penalty is a $200 fee that is routinely waived.
Troy D Edgar filed every single transaction late. Troy D Edgar: 63 of 63.
Donald J. Trump: 92% (4757/5185); Linda McMahon: 98% (153/156); Jared Isaacman: 87% (128/147); Douglas J Burgum: 73% (104/143); Sean McMaster: 75% (15/20); Robert F Kennedy: 78% (7/9)
Under 5 U.S.C. Section 13106(a), each late filing carries a $200 fee. It's routinely waived. No executive branch official has ever been meaningfully sanctioned for late 278-T filings (Campaign Legal Center). At 5,263 late-filed transactions, the theoretical maximum penalty is $1,052,600, but that assumes one fee per transaction. The actual fee is per report, not per transaction.
| Official | Late | Total | Rate |
|---|---|---|---|
| Donald J. Trump | 4757 | 5185 | 92% |
| Linda McMahon | 153 | 156 | 98% |
| Jared Isaacman | 128 | 147 | 87% |
| Douglas J Burgum | 104 | 143 | 73% |
| Troy D Edgar | 63 | 63 | 100% |
| John Phelan | 20 | 176 | 11% |
| Sean McMaster | 15 | 20 | 75% |
| Christopher Wright | 11 | 302 | 4% |
| Robert F Kennedy | 7 | 9 | 78% |
| Bryan Bedford | 2 | 76 | 3% |
| Frank J Bisignano | 1 | 95 | 1% |
| Todd Blanche | 1 | 15 | 7% |
| Lee Zeldin | 1 | 4 | 25% |
Each 278-T form has a column: "Notification Received Over 30 Days Ago." Officials mark Yes or No. A "Yes" is a self-admission that they reported late. Open Cabinet reads this field directly from the OGE filings.
A 2021 Business Insider investigation found at least 72 members of Congress violated the same deadline. The penalty , $200, routinely waived, has never deterred anyone. No criminal prosecution has ever been brought under the STOCK Act.*
*Sources: Georgetown Law (2021); Campaign Legal Center; Bloomberg Law (2022)
Source: U.S. Office of Government Ethics, 278-T Periodic Transaction Reports. Late filing status is self-reported by filers on each form. Read more about methodology.