The House Ethics Committee released a 23-page report on Friday detailing the investigation into Republican Rep. Mike Kelly of Pennsylvania over allegations of insider trading. Although the report largely cleared Kelly of these allegations, the committee found “substantial evidence” that he violated the Code of Official Conduct.
Kelly was first subject to investigation in July 2021 over allegations that his wife purchased a steel company’s stock “based on confidential or material nonpublic information” the lawmaker learned during his “official job duties.”
‘My family and I look forward to putting this distraction behind us.’
After four years of investigation, the Office of Congressional Conduct found that there was “substantial reason to believe” the stock purchase was made based on the confidential information Kelly would have learned in
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