Michigan’s McClain tells congressional clerk that she will avoid violating STOCK Act in the future • Michigan Advance

Michigan’s McClain Promises Future Compliance with STOCK Act

Representative Lisa McClain of Michigan has again come under scrutiny for failing to promptly report her family's financial transactions, as required by the STOCK Act. This marks her second reporting violation in 2024.

Findings from Financial Disclosures

A review by NOTUS, a nonprofit newsroom based in Washington, D.C., revealed that McClain, a Republican representing Michigan’s 9th Congressional District, filed her disclosure late on trades totaling between $360,000 and $900,000 made by her husband.

Among the delayed reports was a transaction involving Palantir Technologies, a government contractor co-founded by Silicon Valley entrepreneur Peter Thiel. Thiel holds close ties with Vice President JD Vance and former Department of Government Efficiency head Elon Musk, both of whom played roles in supporting President Donald Trump’s reelection.

McClain’s Statement to the Clerk

In a message to the House of Representatives clerk, Kevin McCumber, McClain explained that several of the trades originated from her husband’s tax-deferred account. She emphasized her intention to improve transparency going forward.

“Moreover, I am taking aggressive measures to ensure full compliance in the future,” McClain wrote.

Context and Accountability

McClain, who serves as the Republican House conference chair, stated she would increase oversight of her financial disclosures to prevent future delays or violations of federal ethics laws. The STOCK Act requires members of Congress to publicly report stock trades within 45 days to prevent potential conflicts of interest.

Author’s summary: McClain vowed to strengthen her adherence to the STOCK Act after repeated delays in reporting stock trades linked to her husband’s accounts.

more

Michigan Advance Michigan Advance — 2025-11-04

More News