Lawmaker May Have Broken Rules with Stock Purchase

Rep. Beto O’Rourke (D-TX) last week alerted the House Ethics Committee “that he might have violated a new law restricting members of Congress from engaging in certain stock transactions,” the El Paso Times reports.

It is the first case to come before the committee involving a 2012 law that prohibits members of Congress from participating in initial public offerings, or IPOs, “other than what is available to members of the public generally.”