Democratic Congressman Suozzi’s $50,000 stock sale took advantage of a loophole in Congressional disclosure rules

Photo: Representative Tom Suozzi, a Democrat from New York, during the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, US, on Wednesday, Aug. 21, 2024. The Democratic National Convention this week marks the ceremonial crowning of Vice President Kamala Harris and Minnesota Governor Tim Walz as the party's presidential nominees, capping off a whirlwind month for Democrats who quickly coalesced behind the new ticket after President Joe Biden dropped out of the race in July. Photographer: David Paul Morris/Bloomberg via Getty Images (Credit: Paul Morris/Bloomberg via Getty Images)

• Rep. Tom Suozzi (D-N.Y.) sold up to $50,000 of Global Industrial Co. stock in March 2025, despite never publicly disclosing ownership due to a now-closed loophole in federal law. Suozzi received the stock as unvested compensation in 2023 and did not report it, citing then-current disclosure rules. He has a history of delayed or missing disclosures and past violations of the STOCK Act.

WASHINGTON — When Rep. Tom Suozzi (D-N.Y.) sold a chunk of his personal stock holdings two days before President Donald Trump’s “Liberation Day” tariff announcements in April, the transaction appeared to be yet another routine financial move for someone Congress itself once investigated for his often opaque trading habits.