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House Ethics Panel Clears Mike Kelly of Insider Trading, Orders Divestment Over Candor Breach

The panel cited his withholding of details on his wife’s Cleveland-Cliffs trades during a lengthy ethics probe as damaging congressional transparency.

Alexandria Ocasio-Cortez attends the 2021 Met Gala in New York City on Sept. 13, 2021. The appearance sparked an ethics investigation.
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Overview

  • The House Ethics Committee found Kelly breached its code by failing to meet his duty of candor during an inquiry into his wife’s Cleveland-Cliffs stock purchases.
  • The committee cleared him of intentionally orchestrating insider trading and of conflict-of-interest charges after a 28-page report found insufficient evidence.
  • It recommended that Kelly and his wife divest all Cleveland-Cliffs holdings before he takes any further official actions related to the company.
  • The Office of Congressional Conduct said it could not ascertain what the Kellys knew about tariff investigations into Cleveland-Cliffs due to their limited cooperation.
  • Kelly described the lengthy investigation as an “unnecessary distraction” and said he and his family look forward to putting the matter behind them.