Mike Kelly, the representative for Pennsylvania's 16th congressional district, has made several transactions in government securities, according to a recently published congressional trade report.
Kelly sold a portion of his investment in Florida State Hegemony Financial Corporation Revenue due 7/1/52 (GS), with the transaction amount ranging between $1,001 and $15,000. The sale was made in his personal account and the transaction was reported in July 2024.
In addition, Kelly made two other substantial sales in his joint account. The first sale was a partial one in the Illinois State Financial Authority Revenue Illinois State Clea Ref due 7/1/25 (GS), with the transaction value falling between $100,001 and $250,000. The second sale was of San Antonio TX Electric & Gas due 2/1/25 (GS), with the same transaction value range. Both these transactions were reported in August 2024.
It's important to note that these transactions were made in government securities, a type of investment that typically includes various types of U.S. Treasury bills. They are considered to be one of the safest forms of investment and are often used by investors as a low-risk component in their investment portfolio.
The report also confirmed that all transactions were disclosed as required by the STOCK Act. The STOCK Act is a law designed to combat insider trading by members of Congress and their staff. It requires that they disclose details of their transactions on a regular basis.
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