Quick Read – Meuser sold NVIDIA five times and Jacobs sold up to $1 million in QUALCOMM while sitting on committees that directly oversee both companies. – More than half of 11,000 congressional stock purchases over 16 months targeted companies in industries those same members…
re about to vote on. – The STOCK Act’s 45-day disclosure window means congressional trades routinely surface only after the related vote has already occurred. – On Episode 438 of the Retire SMART Podcast, titled “Political Insider Trading,” the host laid out a frustration that cuts across party lines: “I’d go to jail if I traded on inside information. I’d lose my license
I’d get fined. Yet Congress does this all the time.” The numbers behind that frustration are hard to wave away. The episode cited an analysis of publicly disclosed congressional stock trades. it found that 56% of trades, or 6,170 of 11,016 total purchases over 16 months, involved companies in industries or sectors those same members were about to vote on.
The marquee example was Representative Ro Khanna of San Jose, California. Khanna is described as “the most active trader in Congress,” with more than 4,900 stock trades in the past year. And a net worth that grew from roughly $800,000 when he first ran for office to over $30 million.