Congresswoman Debbie Wasserman Schultz (D-FL), once a top leader of the Democratic National Committee and now a less prominent member of the House, has drawn attention for a significant stock purchase disclosed in 2024.
The Florida lawmaker reported acquiring shares in New Gold, a Canadian mining firm with operations in British Columbia and Ontario, according to data compiled by Quiver Quantitative, a financial news source tracking congressional trades.
Quiver Quantitative highlighted the move on social media, noting, “Representative Debbie Wasserman Schultz JUST filed a 2024 purchase of New Gold stock, $NGD. She is the only member of Congress who we have ever seen buy this stock. It has risen 313% since her trade.”
The rare purchase and substantial increase in stock value have prompted discussions about lawmakers’ involvement in markets where they may hold an advantage.
The STOCK Act, enacted in 2012, requires members of Congress to disclose stock trades within 45 days to increase transparency and reduce conflicts of interest.
However, enforcement appears limited, according to Trending Politics.
The Campaign Legal Center points out that violations of the law typically result in fines as low as $200, an insufficient deterrent against questionable stock transactions.
Despite no members of Congress