A U.S. Senator has just filed a disclosure report of financial transactions that took place five months ago.
Sen. Max Baucus, D-Mont., filed a disclosure report on Friday that indicated he had twelve transactions on July 2nd and three in August. Most of the transactions were in the $1,001 to $15,000 range, and three were in the $15,001 to $50,000 range.
Members of Congress are required to report financial transactions within 30 to 45 days after they have received notice of a purchase, sale, or exchange which exceeds $1,000 in stocks, bonds, commodity futures, and other forms of securities.
The periodic disclosure of financial transactions is required by the Stop Trading on Congressional Knowledge (STOCK) Act. Sen. Baucus sits on the Senate Finance Committee and the Senate Environment and Public Works Committee. The July and August trades involved HSBC ADR, US Bancorp, Boeing Company, Union Pacific Corporation, United Parcel Service, Chevron Corporation, National Oilwell Varco, BHP Billiton Ltd., Montana State Energy Conservation Bond, Baxter International, and Teva Pharmaceutical Industries, among others.
In other filings, several large large transactions were reported, including:
Sen. Pat Roberts, R-Kan., reported his spouse sold $100,001 to $250,000 of Apple Inc. on 11/27, and bought $100,001 to $250,000 of Apple Inc. on 11/19. She also purchased $50,001 to $100,00 of Netflix Inc. on 11/27.
Rep. Virginia Foxx, R-N.C., reported she and her husband sold $100,001 to $250,000 of Altria Group Inc on 11/21.
Rep. Kenny Marchant, R-Texas, reported he and his spouse sold $100,001 to $250,000 of AT&T on 11/1.