Rep. Donna Shalala admits mistake in not reporting stock sales

Catch up quick: After she was elected to Congress in November 2018, Shalala sold off stocks in companies like Boeing, Alaska Airlines, Chevron, Conoco, and AMC, the Miami Herald first reported.

• Shalala said she did so to avoid potential conflicts of interest, but she did not disclose them within 45 days, as is required by the STOCK Act.
• “It was my mistake and I take full responsibility,” Shalala told CBS Miami Wednesday. “I missed the deadlines. And I have to take responsibility, personal responsibility for doing that. No one else is responsible except for me.”

What to watch: Shalala said she doesn't believe the revelations will change her standing on the committee. She added that she contacted the House Ethics Committee and is open to an inquiry and whatever disciplinary action they deem necessary.

• “Whatever they think is appropriate,” Shalala said. “Whether it’s a financial penalty or anything else. I’m really sorry I missed those deadlines in the process of trying to do the right thing.”