GOP Senate candidate Don Bolduc violates federal disclosure law

  • Republican congressional candidate Don Bolduc has not filed a mandatory personal financial disclosure for 2022.
  • Bolduc won the Republican primary in New Hampshire on Tuesday and faces Democratic Senator Maggie Hassan.
  • Bolduc’s 2021 disclosure said he held no individual shares and had no debt.

Don Bolduc, an Army veteran and former Holocaust denier who is also a Republican Senate candidate from New Hampshire, is flouting a federal conflict of interest and transparency law by failing to provide details about his own finances in 2022, a Congressional insider scrutiny of the financial documents indicate as much.

Bolduc, who won New Hampshire’s GOP Senate primary on Sept. 13, will face Democratic Sen. Maggie Hassan in November. Bolduc, who last submitted a candidate financial disclosure in 2021, has yet to file one for the 2022 calendar year, meaning voters can’t review details about income, investments , Bolduc’s most recent employment and debts.

Bolduc should have submitted his last disclosure by May 15, according to the directives of the United States Senate Special Committee on Ethics. A congressional candidate could be investigated or fined if they do not file a statement, although officials rarely conduct such investigations.

Bolduc’s campaign did not respond to Insider’s requests for comment.

What Bolduc’s 2021 disclosure reveals

Bolduc’s amended candidate disclosure from 2021 shows that at the time, Bolduc had no apparent liability or debt. The Republican candidate and his wife reported investments in several mutual funds, but no investments in individual stocks or bonds.

The disclosure notes that Bolduc earned $65,000 in 2021 from his employment at New England College as an associate professor. He also said he is a board member or advisor to several non-profit organizations.

Former election denier

Before winning the Republican nomination for the U.S. Senate in New Hampshire, Bolduc vehemently told his supporters that he believed the 2020 presidential election was fraudulent.

“I signed a letter with 120 other generals and admirals saying that Donald Trump won the election and, damn it, I stand by my letter,” Bolduc said during a debate. “I don’t change horses, baby.”

Thursday, two days after securing the GOP nomination, Bolduc changed tone in an appearance on Fox News.

“I’ve done a lot of research on this and I’ve spent the last two weeks talking to Granite Staters about all parties in the state, and I’ve come to the conclusion – and I want to be definitive on this. – the election was not stolen,” he said on television, adding that “elections have consequences and unfortunately President Biden is the rightful president of this country.”

A halted push to ban congressional stock trading

Insider’s “Conflicted Congress” project found 72 members of Congress in violation of the Stop Trading on Congressional Knowledge Act of 2012 with late or missing financial disclosures.

“Conflicted Congress” also found numerous examples of conflicts of interest, where official duties of lawmakers intersected with personal investments. A report this week from the New York Times had 97 members of Congress who, personally or through family members, “have bought or sold financial assets over a three-year period in areas that could be affected by the work of their legislative committee.”

After the initial release of “Conflicted Congress” in December, lawmakers began to seriously debate whether to bar themselves and their spouses from buying, selling or owning individual stocks. House Speaker Nancy Pelosi initially opposed the idea but later acquiesced after members of Congress on both sides of the aisle sharply criticized her stance.

Members of a House Democratic group working on a draft of the proposed ban first suggested a vote on the bill would take place in September. It may still happen in the House, but Insider reported Thursday that the Senate does not expect to pass a stock trading ban bill until November at the earliest.

“I can’t wait to cross the finish line, but it’s not going to happen until after the election,” Rep. Jeff Merkley told Insider’s Bryan Metzger on Thursday.