Rep. Kim Schrier failed to properly disclose purchase of more than $500,000 of Apple stock
A spokeswoman for the congresswoman claimed Schrier was 'unaware' her husband had made the purchase
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Rep. Kim Schrier, D-Wash., was more than two months late in disclosing the purchase of half a million dollars worth of stock in Apple Inc., according to recent disclosure filings.
According to the filing, dated November 12, Schrier reported buying more than $500,000 worth of stake in Apple in late July through a joint account.
Schrier speaks during a news conference on April 9, 2019 in Washington, DC. (Photo by Zach Gibson/Getty Images / Getty Images)
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Lawmakers, under current federal law, are required to disclose security trades within 45 days – meaning Schrier would have needed to report the stock purchase prior to mid-September.
According to Schrier Communications Director Libby Carlson, the Washington congresswoman was "unaware" of the trade because it was made by her husband, David.
Schrier makes remarks on the coronavirus during a news conference after a meeting of the House Democratic Caucus in the Capitol on Tuesday, March 3, 2020. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images / Getty Images)
"Rep. Schrier was unaware of the transaction, which was made by her husband who handles their finances independently," Carlson told Business Insider. "As soon as she became aware, she filed the required report."
Carlson also told Insider that Schrier "has never before missed a transaction reporting deadline, and will make sure all such deadlines are met in the future."
Schrier attends a new member welcome briefing in the Capitol Visitor Center on November 15, 2018. (Photo By Tom Williams/CQ Roll Call / Getty Images)
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Schrier currently serves as a member of the House Committee on Energy and Commerce, a panel which deals exclusively with telecommunications and technology related circumstances.
Fox Business reached out to Schrier's office, but did not receive an immediate response.