When Joe Biden was running for president, he promised Americans a transparent administration in the White House. Energy Secretary Jennifer Granholm seems to be one of many who havenât gotten the message.
According to a Friday report from Business Insider, Granholm was the latest of many politicians who were found to have violated the STOCK Act, a law that stipulates federal officials, lawmakers, their staff and close relatives must report stock and commodity trades within a certain period.
Granholm is far from the only one involved here. At last count, 54 members of Congress were found to be in violation of the act, according to Business Insiderâs reporting. (Despite this, House Speaker Nancy Pelosi is openly resisting any change to laws regarding how members of Congress may invest. Weâve been holding her feet to the fire on this here at The Western Journal â and you can help us keep the establishment honest by subscribing.)
Between April and October of last year, Granholm sold $240,000 in stock â but only reported the sales to the Office of Government Ethics on Dec. 15 and 16.
The deadline for reporting trades under the STOCK Act is 30 days after an individual is notified or 45 days after the transaction is made.
The energy secretaryâs investments involved numerous companies with fingers in the pandemic pie, as well.
âGranholmâs stock sales involved shares of biopharmaceutical firm Gilead Sciences Inc. â a major government contractor and maker of COVID-19 treatment remdesivir â mobility service Uber, and real estate company Redfin,â Business Insiderâs Warren Rojas reported.
In her disclosure forms with the Office of Government Ethics, Granholm said she hadnât been notified of the trades more than 30 days before, according to Business Insider. However, all of trades occurred over 45 days prior to her disclosure forms â in some cases, months prior.
And yet, despite Bidenâs promise to be âtransparentâ on the campaign trail, the Energy Department wasnât particularly forthcoming when it came to explaining why Granholm had missed the deadline.
âThe Department of Energyâs ethics office has certified that based on her reports, Secretary Granholmâs financial holdings are in compliance with the law,â said Department of Energy spokeswoman Charisma Troiano in an email to Business Insider.
I mean, except they werenât, but sure.
Troiano was willing to admit to a bit more noncompliance in an email to CNBC, however.
âThis was an inadvertent clerical oversight on reporting stock sales that ethics officials previously determined did not pose a conflict in her role as Energy Secretary and the Secretary paid the late filing fee,â Troiano said.
âThe Secretary remains focused on delivering an equitable clean energy future that will bring cheaper power, cleaner air and more good-paying jobs for more Americans.â
Troiano went on to add that, having paid the âlate filing fee,â the ethics office then found Granholmâs trades were in compliance with the law, which is something a bit different.
As for the late filing fee Granholm paid, that also raises one of the key problems of the STOCK Act â first-time violators are subject to a $200 penalty, which is laughable when you consider this was noncompliance in reporting nearly a quarter-million dollars in trades.
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Former Obama-era Office of Government Ethics Director Walter Shaub, who has been particularly critical of STOCK Act violators and their enablers, said ignorance of the law doesnât function as an excuse.
âSheâs saying that she only just learned of the transactions ⌠so itâs possible the ethics officials took that statement at face value,â he told Business Insider. âWhy didnât she know about the transactions at the time?â
This isnât the only financial controversy Granholm has managed to find herself in during her first years as Bidenâs energy secretary, either.
Granholm had been a board member of the California-based electric vehicle company Proterra. She resigned from the company before she joined Bidenâs cabinet in February, CNN reported in May.
However, she continued to own Proterra stock despite the fact the Biden administration was promoting the companyâs buses, according to The Associated Press. Granholm sold her shares in May after the controversy broke, raking in a solid $1.6 million, the AP reported.
It doesnât help that Granholm has already managed to make herself one of the more tiresome members of a Biden cabinet that isnât short on them. While energy prices have skyrocketed under the Biden administration, Granholm, a former two-term governor of Michigan, has come across as aloof when the problem arises â almost as if high gas prices are a feature of the Department of Energyâs program, not a bug.
Her peak Marie Antoinette moment came in November, when, having been asked by a Bloomberg TV host about âthe Granholm plan to increase oil production in America,â she threw her head back in laughter:
I guess one neednât worry about the cost of filling up oneâs tank when one has made $1.6 million in a stock trade earlier in the year, but the rest of us who were paying attention werenât so amused.
It also didnât help her cause when, a little over a week later, an absurd music video she appeared in for a far-left arts collective in 2018 about getting rid of fossil fuels â or âfossil fools,â as the preposterous song âGasoline, Gasoline (The Worldâs Aflame)â referred to them â resurfaced at the worst possible time:
Bad as that is, Granholmâs financial transactions are a bit more worrisome than ill-timed laughs or unlistenable rubbish about doing away with gasoline, given her position.
At least sheâs never said anything that could come back to haunt her about transparency, especially not on Twitter, right?
Oh. Never mind, then. That was the Twitter fit she threw in 2017 when then-President Donald Trumpâs White House stopped releasing visitor logs to the public. Apparently, Granholm placed a high value on transparency â when a Republican was in the White House and she wasnât in a political office.
Now, sheâs become the latest Washington official to have violated the STOCK Act, and all on top of the Proterra debacle.
Transparencyâs a bit less desirable, I suppose, when youâre the one who has to be transparent.
This article appeared originally on The Western Journal.
