The Receipts
Individual trades that beat the S&P 500 by 15+ points and come with context: the member sat on a committee overseeing that industry, the trade landed days before market-moving news, the company receives federal program money, or the disclosure was filed late. Every line is a public fact. None of it is proof of wrongdoing — it's the paper trail.
8 receipts from 2024, strongest first. Repeat trades of the same stock by the same member are grouped.
Lisa McClain R-MI
Bought $NVDA · Mar 11, 2024 · $15,001 - $50,000
+36.9pts vs S&P
90 days
90 days
- 9 days before: Khanna and Jackson chip-stock cluster trades around Intel CHIPS Act preliminary $8.5B memo
- Disclosed 520 days after the buy — 475 days past the 45-day STOCK Act deadline
- Filed as a spouse's trade
Ro Khanna D-CA
Sold $INTC · Mar 20, 2024 · $50,001 - $100,000
+32.5pts vs S&P
90 days
90 days
- Same day as: Khanna and Jackson chip-stock cluster trades around Intel CHIPS Act preliminary $8.5B memo
- $INTC is a named recipient of CHIPS Act ($7.9B)
- Filed as a spouse's trade
Jonathan Jackson D-IL
Sold $INTC · Mar 13, 2024 · $15,001 - $50,000
+32.6pts vs S&P
90 days
90 days
- 7 days before: Khanna and Jackson chip-stock cluster trades around Intel CHIPS Act preliminary $8.5B memo
- $INTC is a named recipient of CHIPS Act ($7.9B)
Michael McCaul R-TX
Sold $ASML · Jun 20, 2024 · $50,001 - $100,000
+27.8pts vs S&P
90 days
90 days
- 26 days before: Michael McCaul sells $350K TSM the day before Trump's Taiwan tariff remarks move chip stocks
- $ASML is a named recipient of CHIPS Act
- Filed as a spouse's trade
- +1 similar sale of $ASML also qualify
Lisa McClain R-MI
Bought $TSM · Mar 11, 2024 · $15,001 - $50,000
+16.4pts vs S&P
90 days
90 days
- 44 days before: Michael McCaul's $3M+ META/GOOGL pivot around the TikTok divestiture bill
- $TSM is a named recipient of CHIPS Act ($6.6B)
- Disclosed 520 days after the buy — 475 days past the 45-day STOCK Act deadline
- Filed as a spouse's trade
Ro Khanna D-CA
Bought $NVDA · Mar 1, 2024 · $15,001 - $50,000
+32.1pts vs S&P
90 days
90 days
- 19 days before: Khanna and Jackson chip-stock cluster trades around Intel CHIPS Act preliminary $8.5B memo
- Filed as a child's trade
Ro Khanna D-CA
Bought $AMAT · Mar 20, 2024 · $15,001 - $50,000
+15.7pts vs S&P
90 days
90 days
- Same day as: Khanna and Jackson chip-stock cluster trades around Intel CHIPS Act preliminary $8.5B memo
- $AMAT is a named recipient of CHIPS Act ($4.0B)
- Filed as a spouse's trade
Nancy Pelosi D-CA
Sold $NVDA · Dec 31, 2024 · $1,000,001 - $5,000,000
+15.0pts vs S&P
90 days
90 days
- 27 days before: Pre-DeepSeek AI/chip selloff: Senate freshman dumps NVDA, AMD, SMCI 5 days before $600B crash
- Filed as a spouse's trade
How a Trade Becomes a Receipt
We score every disclosed trade against the S&P 500 over the same days (see methodology). A trade lands here when it's worth $15,000+ (range midpoint), beat the market by at least 15 points — a buy that outran SPY, or a sale followed by the stock lagging — and at least one of these is true:
- The member holds a seat on a committee whose jurisdiction covers that sector (assignments from official rosters, not inferred). Rosters list current seats only, so this flag is limited to trades made since the current Congress began on Jan 3, 2025.
- A documented market-moving event for that company followed within 45 days.
- The company is a named recipient of a federal program.
- The trade was disclosed after the STOCK Act's 45-day deadline.