Rep. Josh Gottheimer has reported more stock purchases and sales during the past two years than any other member of the House of Representatives, according to an Axios analysis of data from the House Stock Watcher. Go deeper ➡️
There are several potential bans being proposed, and some measures would be stricter than others — including banning spouses and other immediate relatives of lawmakers from trading stock, as well.The House Stock Watcher compiles reports filed by members and presents them in a manner more readable than the original PDFs.Gottheimer mostly traded stock in the tech sector — $75 million out of $81 million invested — and the vast majority of his transactions were in the lowest $1,000-$15,000 range.
“Prior to taking office, Josh turned over management of his portfolio to a third party and only receives statements of prior transactions," a spokesperson told Axios. While Nancy Pelosi didn't make the top 10 for the number of individual transactions she has had to disclose, 33 of the 57 transactions — made by her husband — were over $500,000. That included 11 over $1 million.The data accounts for stock information reported by members of Congress as mandated by the 2012 STOCK Act. The law was intended to prevent insider trading and conflicts of interest.
The data does include bonds and mutual fund investments, although the vast majority of transactions among the top 10 members or their spouses was in individual stocks.who failed to properly report stock trades in 2021. Reps. Susie Lee , Alan Lowenthal and Kevin Hern all violated the STOCK Act last year in some way, and are also in the top 10 members for stock trades.Axios reached out to the offices of each member in the accompanying graphic. Spokespersons for Hern and Rep. Donald Beyer told Axios the members do not personally manage or control stock purchases or sales.Rep. Dean Phillips is also one ofWe will examine the stock trading by senators in Thursday's Sneak Peek newsletter.
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