"Curt purchased stock as part of an initial public offering that was available to members of the public generally by being a retail investor at one of the underwriting firms handling the sale. The sale yielded about a $700 profit, was self-reported, and disclosed. Everything was in compliance with the law, and our office has since contacted the House Ethics Committee for any further guidance they can provide in light of the suggestive reporting by the Associated Press. Curt was well-aware that when he took the job in Congress, his financial affairs would be under the microscope, which is why all disclosures were filed and transparent."
-- David James, spokesman for U.S. Rep. Curt Clawson