Rep. Kelly Morrison's late disclosure of millions in trades puts her in violation of Stock Act

Sydney Kashiwagi, The Minnesota Star Tribune on Apr 9, 2026

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Democratic U.S. Rep. Kelly Morrison violated a law that requires members of Congress to disclose stock trades and other financial trades within 45 days of making them.

The violation was reported by the news outlet NOTUS, which found that Morrison, D-Minn., was months and in some cases more than a year late in reporting several stock trades worth millions.

The trades were mostly made to Minnesota-based windows and doors company Andersen Corp. that were worth between $1.4 million and $2.9 million, according to Morrison’s financial disclosures.

A spokesperson from Morrison’s office said the congresswoman’s stock portfolio is overseen by an investment manager and that she had “no prior knowledge of these transactions before they occurred.”

“These transactions were discovered during a yearly audit for her financial disclosure, and the reporting processes have been updated to ensure all future transactions will be reported on time,” the spokesperson for Morrison said in a statement.

The federal Stock Act requires members of Congress to disclose stock trades that exceed $1,000 within 45 days.

NOTUS reports that federal lawmakers are responsible for compliance with the Stock Act and that the law does not distinguish between the lawmaker making a trade themselves or an adviser making it on their behalf.

Lawmakers who violate the law are required to pay a $200 fine, which Morrison’s office told NOTUS she would pay.

Morrison’s run-in with the Stock Act comes after she made another trade that raised concern for some government ethics groups.

A little over a week after the start of the U.S.-Israeli war on Iran, the congresswoman invested between $15,000 to $50,000 in stocks that specialize in autonomous naval vessels, NOTUS also reported at the time.

A government ethics expert for Public Citizen told NOTUS that the trade raised conflict of interest questions.

Morrison, who has been opposed to the war, told the publication that she had no prior knowledge of the transaction and was not consulted beforehand because her portfolio is managed by an investment adviser.

There are several bills in Congress that would put limits on stock trading, and in some cases require members to immediately sell their stocks and refrain from future ownership while in office. But those measures, including a bill from Rep. Angie Craig, D-Minn., hasn’t had any hearings yet in Congress.

However, a Republican-backed bill known as the Stop Insider Trading Act has made some progress through committees. That law would ban members of Congress, their spouses and their children from buying publicly traded stock, and require public notice of seven days before they sell their stock.