A nonpartisan government ethics watchdog has filed a formal complaint alleging that Rep. Jasmine Crockett, D-Texas, violated federal disclosure laws by failing to report dozens of stock holdings while serving in Congress — a development that could have significant ethical and political implications for the rising Democratic lawmaker.
The complaint, submitted by the Foundation for Accountability and Civic Trust (FACT), urges the Office of Congressional Conduct (OCC) to launch a formal investigation into Crockett’s financial disclosures. FACT contends that there are major inconsistencies between Crockett’s state-level filings in Texas and the federal reports she submitted after taking office in Washington, specifically covering the year 2021.
According to FACT’s Executive Director Kendra Arnold, the matter strikes at the heart of government transparency and public confidence. “The financial disclosure law is extremely important and must be strictly enforced because it is the only method to determine whether candidates or Members have conflicts of interest,” Arnold wrote in a letter addressed to OCC Chief Counsel Omar Ashmawy. She emphasized that any failure to disclose relevant financial interests undermines the integrity of the legislative process.
“When a Member owns stock in companies that are affected by legislative action or conflict with a Member’s publicly taken political positions and they fail to disclose the ownership,” Arnold continued, “it is damaging to the public’s trust in elected officials as a whole.” The letter asserts that Crockett’s undisclosed stock holdings may include stakes in corporations that could benefit directly from her legislative initiatives, while others might contradict the public image she has cultivated as a proponent of environmental sustainability and clean energy.
FACT’s letter highlights that “Crockett’s stock holdings include stakes in several corporations that reportedly stood to benefit from actions she’s taken as a lawmaker and legislation she’s introduced in Congress, and others that stand in opposition to the image she’s cultivated as a champion of green energy.” The group insists that only a full OCC investigation can clarify whether the congresswoman’s actions violated the Ethics in Government Act.
Public records show that during her tenure as a Texas state legislator, Crockett reported owning stock in at least 28 companies, including energy giant Exxon Mobil, pharmaceutical producer Moderna, and cannabis firm Aurora Cannabis. However, in her congressional filings for the same period, Crockett listed only three companies — Devon Energy, MGM Resorts, and Moderna — effectively omitting 25 others without explanation.
Under federal law, members of Congress are required to disclose all assets, income, and investments exceeding $1,000 in value. FACT noted that several of Crockett’s previously reported holdings appear to exceed that threshold, meaning the omissions could constitute a serious breach of disclosure requirements. If investigators determine that the omissions were willful, the congresswoman could face fines or even up to one year in prison under existing federal statutes.
The controversy arrives at a politically sensitive time for Crockett, who has gained national attention for her fiery defense of Democratic priorities and her outspoken opposition to Republican lawmakers in high-profile hearings. Reports suggest that she is considering a future Senate run in Texas, which could make the outcome of this ethics probe especially consequential for her career.
So far, Crockett’s congressional office has not issued a public statement regarding the allegations, though Newsmax and other outlets have reached out for comment. The OCC has not confirmed whether it intends to open a formal inquiry, but the matter underscores growing scrutiny of lawmakers’ financial transparency amid renewed public debate over stock trading in Congress.
For FACT and other watchdog groups, the case serves as a reminder that ethical standards apply to all members — regardless of party affiliation or political prominence. “Given the known facts in this case,” Arnold concluded in her letter, “an investigation is necessary to determine whether Rep. Crockett failed to comply with the financial disclosure laws — and the OCC is the only entity in the position to do so and maintain the public’s trust.”
As Washington awaits the OCC’s response, Crockett’s situation could become a new flashpoint in the broader national conversation about conflicts of interest, transparency, and accountability among elected officials — a debate that continues to test the boundaries between public service and private financial interests.
