On Jan. 9, Rep. Shri Thanedar of Michigan reported the sale of Apple (AAPL) common stock in an amount between $100,001 and $250,000. The public learned about the sale on Aug. 13… 171 days after the disclosure was due. The transaction and the dates come from Thanedar's own Periodic Transaction Report, filing number 20033910, digitally signed and filed with the Clerk of the House last week.
The standard he missed is not a guideline. Under 5 U.S.C. § 13105(l), added by the STOCK Act in 2012, a member of Congress must file a report of a covered transaction "not later than 30 days after receiving notification" of it "but in no case later than 45 days after such transaction." The House Ethics Committee's own instructions put it more bluntly: A report is due by the earlier of those two dates, and "extensions will not be granted for PTRs." On a Jan. 9 trade, the outside deadline fell around Feb. 23.
