ICYMI: Donna Shalala breaks federal law again; sells stock days after company sale falls through due to coronavirus

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ICYMI: Donna Shalala breaks federal law again; sells stock days after company sale falls through due to coronavirus

Miami Herald

“Miami Democratic Rep. Donna Shalala failed to publicly report two stock sales, a violation of federal disclosure law for the second time in five months. Earlier this year, she acknowledged that she had failed to report 556 stock sales.

In the most recent failure to disclose financial information, Shalala said Monday she failed to disclose two stock sales of Tegna, a broadcast, digital media and marketing services company based in Virginia. The first sale, on April 1, 2019, was valued between $15,001 and $50,000 and the second sale, on March 31 of this year, was valued between $1,001 and $15,000. Shalala signed a federal Periodic Transaction Report on July 21, more than a year after the first sale and more than three months after the second sale.

The transactions were not publicly reported as required by the STOCK Act, a 2012 law that prohibits members of Congress and their employees from using private information gleaned from their official positions for personal benefit and requires them to report stock sales and purchases within 45 days. Both sales were reported more than 45 days late.

Shalala, who is responsible for overseeing $500 billion in taxpayer money used for coronavirus-related payouts to large businesses, said the unreported stock sales were part of an ongoing deferred compensation agreement with Tegna. Shalala served on the board of Gannett, a newspaper company, from 2001 through 2011. In 2015, Tegna was spun off from Gannett, and Shalala’s deferred compensation for her board work was under the umbrella of the new company.”

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Born in Little Havana to parents who fled Cuba with just five dollars in their pocket, the pursuit of freedom and the American Dream was instilled into Maria Elvira Salazar at an early age. While being raised in Miami and Puerto Rico, Salazar listened as her parents told stories of the oppressive communist regime from which they escaped.

Salazar graduated from the University of Miami and later from Harvard University which she paid for herself. She began a career in journalism where she interviewed a wide range of social and political leaders, including Presidents Bill Clinton, George W. Bush, Alvaro Uribe, Jose Maria Aznar, Vicente Fox, Juan Manuel Santos, Augusto Pinochet, Nicolas Maduro and, more recently, Juan Guaidó. Winning five Emmy Awards, she was recognized for her passion for freedom and uncovering the oppressive communist and socialist regimes in Latin America especially in Cuba, Venezuela, and Nicaragua.

Salazar was recently named an NRCC Young Gun cementing her as a top Republican candidate for Congress.

Florida’s 27th Congressional District includes the city of Miami, Miami Beach, Coral Gables, West Miami, Pinecrest, Key Biscayne, South Miami, North Bay Village, Cutler Bay, and Palmetto Bay.