Transparency

House Clerk filing shows Rep. Kelly Morrison reported eight trades, worth $1.41 million to $2.91 million combined, after the STOCK Act's 45-day deadline, by about four weeks to more than a year; her office attributed the delay to her investment manager and said she would pay any fine, 2026

Confidence: Confirmed · 4 sourcesMinnesota · Oct 12, 2026

Subject of this story

Kelly Morrison, U.S. Representative, MN-3

Also named

Oversight

U.S. House Committee on Ethics

What happened

A periodic transaction report that Rep. Kelly Morrison (DFL, MN-3) signed on April 2, 2026 (House Clerk filing 20034213) disclosed seven partial sales of stock in the privately held Andersen Corporation, six of them dated between Jan. 20, 2025 and Jan. 20, 2026 and reported more than 45 days after the trade, by 27 days to 392 days past the 45-day deadline as of the April 2 signing (the seventh, dated March 15, 2026, was within 45 days), plus purchases of Cavall and FluxAI dated Dec. 22, 2025 and reported 101 days later. The Clerk filing gives March 19, 2026 as the notification date for the Andersen sales. The STOCK Act generally requires members of Congress to report covered trades within 45 days of the trade, and NOTUS reports the standard fine for a STOCK Act disclosure violation is $200. NOTUS, which reported the lateness on April 6, 2026, calculated the eight trades at a combined $1.41 million to $2.91 million in the broad ranges lawmakers report, and the Star Tribune, citing NOTUS, reported the violation on April 9. Morrison's spokesperson acknowledged the disclosures were tardy, attributed them to her investment manager, said Morrison had no prior knowledge of the transactions, said they were found in a yearly audit for her financial disclosure, and said the reporting processes have been updated; her office confirmed she would pay any fine the Ethics Committee issues. NOTUS notes the STOCK Act makes no distinction for trades made by an adviser on a member's behalf. On April 21, 2026 Morrison's office announced she is beginning the process of divesting her direct ownership in all public and private companies; the announcement does not mention the late filings. The reviewed reporting does not describe any Ethics Committee action on the late filings.

Sources (4)

Clerk of the U.S. House of Representatives, Periodic Transaction Report, Rep. Kelly Louise Morrison, Filing ID 20034213 (signed 04/02/2026)Lists Andersen Corporation partial sales with transaction dates of 01/20/2025, 03/15/2025, 06/15/2025, 09/15/2025, 10/15/2025 and 01/20/2026 (notification date 03/19/2026), and purchases of Cavall and FluxAI on 12/22/2025; digitally signed 04/02/2026.

NOTUS (Dave Levinthal), 'Rep. Kelly Morrison Improperly Disclosed Million-Dollar Financial Trades', Apr 6, 2026Morrison's office acknowledged the disclosures were tardy but blamed an investment manager (spokesperson: she had no prior knowledge of the transactions, found in a yearly audit; reporting processes updated); the standard fine for a STOCK Act disclosure violation is $200 and her office confirmed she would pay any fine issued by the committee. Page now served under The Washington Sun name.

Star TribuneReports that Morrison violated the STOCK Act's 45-day disclosure requirement, citing NOTUS, and that her office attributed the trades to an investment manager; notes lawmakers who violate the law are required to pay a $200 fine, which her office told NOTUS she would pay.

Office of Rep. Kelly Morrison, press release 'U.S. Rep Kelly Morrison to Divest Ownership in All Individual Stocks', Apr 21, 2026Announces that Morrison is beginning the process of divesting her direct ownership in all public and private companies and will no longer own individual stocks; does not mention the late disclosures.

Response

Kelly Morrison

On-record admission

Contacted and made an on-record admission — exact wording not on record.

What happened next (0)

No outcome recorded yet.

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