Finstad fails to meet 2022 financial disclosure deadline

U.S. Rep. Brad Finstad of Minnesota’s 1st Congressional District is four days past the deadline to file his 2022 financial disclosure report to the House Clerk.

The southern Minnesota Republican back in May requested a 90-day extension to file his 2022 financial disclosure, and he was granted a new due date of Aug. 13, according to financial disclosure records. But as of Thursday afternoon he has yet to submit his report.

Finstad’s office did not immediately respond to the Reformer’s inquiry about the tardy disclosure. If he submits his report over 30 days past the due date, Finstad will be subject to a $200 fine, according to the House Committee on Ethics.

The left-leaning government watchdog group Accountable.US in a statement said Finstad’s failure to submit his report on time is concerning. Recent reporting shows members of Congress trading on investments even as they acquire information often not available to the general public.

Finstad last August won a special election for the seat after the death of U.S. Rep. Jim Hagedorn. He won again in the November general election. 

In his financial disclosure form as a candidate last year, Finstad reported receiving $60,000 as executive director of the Minnesota Turkey Growers Association and $20,000 as an owner/member of the agronomy company Frontier Labs.

Finstad listed a number of assets, but didn’t report any capital gains. His assets include Finstad Farms — valued between $1 million and $5 million — and Frontier Labs, also valued between $1 million and $5 million.

Prior to becoming a congressman, Finstad was the Minnesota USDA Rural Development director during the Trump administration.