The Foundation for Accountability and Civic Trust (FACT), a non-profit ethics watchdog, has filed a formal complaint with the U.S. House of Representatives Office of Congressional Conduct (OCC), urging an immediate investigation into whether Representative Jasmine Crockett (D-TX) violated federal law and House ethics rules by allegedly failing to disclose significant financial information.
FACT’s complaint, addressed to OCC Chief Counsel Omar Ashmawy, centers on discrepancies between Rep. Crockett’s financial disclosures filed during her time as a Texas state legislator and her subsequent federal filings as a U.S. House candidate and member.
According to the complaint, Rep. Crockett’s 2021 Texas financial filing, which listed ownership of stock in at least 25 companies, including major corporations like Amazon, American Airlines, Exxon Mobil, and Moderna, Inc., as well as debts totaling $110,000.
However, FACT asserts that Rep. Crockett’s corresponding federal financial disclosures for the same time period only reported shares in three companies: Devon Energy Corporation, MGM Resorts International, and Moderna, Inc., omitting the 22 other stocks and the debts.
Federal Law Requirement: Federal law and House ethics rules require Members to file an annual financial disclosure report detailing assets, debts, and income, including unearned income from investment property worth more than $1,000 or generating income over $200.
The Conflict: FACT argues that public information suggests at least two of the omitted stocks were valued at over $1,000 per share in 2021, meaning their ownership should have been disclosed regardless of sale status. The watchdog also suggests a potential motive for non-disclosure, citing reports that ownership of some stocks conflicted with her political positions.
The Foundation emphasized that accurate and timely financial disclosure is an “integral part of an ethical and transparent government,” as it is the only method for the public to identify potential conflicts of interest or instances of officials “wrongfully profiting from their position.”
“The financial disclosure law is extremely important and it must be strictly enforced,” wrote FACT Executive Director Kendra Arnold in the letter. The organization is calling on the OCC to investigate to determine whether Rep. Crockett failed to comply with the financial disclosure laws and to “maintain the public’s trust.”
The Office of Congressional Conduct is the independent, non-partisan entity of the House charged with reviewing allegations of misconduct against House members and staff.
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