Suspicious Timing — When Trades Line Up With Events

How this works

For each major political event, we search our database of 41,860 congressional trade disclosures for any trades in affected tickers in the 10 days before the event. We only show trades made before the announcement - trades made after are irrelevant since the information was already public. A trade before an event could mean foresight, routine portfolio activity, or pure coincidence. We flag the timing - you decide what it means.

Committee Conflict May 5, 2026

April McClain Delaney accumulates TDG in two weeks before TransDigm Q2 FY2026 earnings beat

Rep. April McClain Delaney (D-MD), a member of the House Armed Services Committee, executed five separate purchases of TransDigm Group (TDG) between April 15 and April 29, 2026. TransDigm is one of the Pentagon's largest aircraft component suppliers, with parts on virtually every U.S. military aircraft in service. On May 5, 2026 the company reported fiscal Q2 2026 results, beating Wall Street EPS estimates by $0.42, posting an 18.3% year-over-year jump in sales, and raising full-year guidance, sending shares up roughly 4% on the day. The April 29 purchase falls within the 10-day window before the earnings event, and the broader two-week accumulation sits in the same earnings run-up while overlapping directly with Delaney's committee jurisdiction over Department of Defense aviation programs. This is a temporal correlation worth examining.

Market impact: TDG closed up roughly 4% on May 5, 2026 after the Q2 FY2026 earnings beat and raised full-year guidance.

Source: StockTitan / TransDigm Q2 FY2026 release

Congressional trades in the 10 days before 1 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
6d before Apr 29, 2026	April McClain Delaney Dem	TDG	Buy	1	$8K	Child

Committee Conflict Apr 30, 2026

Tina Smith spouse dumps DXCM and PODD the day before Dexcom Q1 2026 earnings

Sen. Tina Smith (D-MN), a member of the Senate Health, Education, Labor and Pensions Committee (which has jurisdiction over CMS, Medicare and FDA policy on continuous glucose monitors) and the Senate Banking Committee, disclosed on May 10, 2026 that her spouse sold $100,001 to $250,000 of DexCom (DXCM) and $100,001 to $250,000 of Insulet (PODD) on April 29, 2026. Dexcom released its Q1 2026 earnings the next day, April 30, 2026, and shares dipped after hours despite 15% revenue growth and a Q1 beat. Insulet released its own Q1 2026 results one week later on May 6, 2026. The April 29 dual-sale falls one day before the DXCM earnings event and seven days before the PODD earnings event, placing both legs inside the suspicious-timing correlation window. The same household repeated the trade on May 7, 2026, this time after both earnings releases, suggesting an ongoing position reduction. This is a temporal correlation worth examining, not an allegation of insider trading.

Market impact: DXCM dipped after hours on April 30, 2026 despite beating Q1 estimates with 15% reported revenue growth. PODD beat Q1 EPS and revenue estimates on May 6, 2026.

Source: Drug Delivery Business / Dexcom Q1 2026 release

Congressional trades in the 10 days before 2 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
6d before Apr 24, 2026	Ro Khanna Dem	DXCM PODD	Buy Sell	2	$16K	Spouse
1d before Apr 29, 2026	Tina Smith Dem	DXCM PODD	Sell	2	$350K	Spouse

Committee Conflict Apr 2, 2026

MATCH Act bill targets ASML chip-tool exports to China

A bipartisan group of lawmakers introduced the Multilateral Alignment of Technology Controls on Hardware (MATCH) Act on April 2, 2026, designed to ban exports of ASML deep-ultraviolet (DUV) lithography machines and other semiconductor equipment to China. ASML shares fell as much as 4.7% in the days following the bill's introduction. Rep. Michael McCaul (R-TX), a senior member of the House Foreign Affairs Committee with jurisdiction over export controls, sold ASML stock on March 31 - two days before the bill was introduced. A counter-example also showed up in the same window: Rep. Ro Khanna's family bought LRCX (Lam Research) on March 30, three days before the bill dropped, and the position would have moved against him on the news.

Market impact: ASML shares fell up to 4.7% in the trading days after the bill was introduced; semiconductor-equipment names AMAT, KLAC and LRCX also dipped on the news.

Source: Bloomberg / CNBC

Congressional trades in the 10 days before 11 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
10d before Mar 23, 2026	Jared Moskowitz Dem	ASML	Buy	3	$24K	Child, Not disclosed
10d before Mar 23, 2026	Ro Khanna Dem	KLAC	Sell	1	$8K	Spouse
9d before Mar 24, 2026	Tim Moore Rep	NVDA	Sell	1	$33K	Not disclosed
8d before Mar 25, 2026	Gil Cisneros Dem	NVDA	Sell	1	$8K	Not disclosed
8d before Mar 25, 2026	Dan Meuser Rep	NVDA	Sell	1	$8K	Spouse
6d before Mar 27, 2026	Alan Armstrong Rep	AMAT KLAC LRCX NVDA	Buy	4	$124K	Joint
3d before Mar 30, 2026	Alan Armstrong Rep	ASML LRCX NVDA	Buy	3	$91K	Joint
3d before Mar 30, 2026	Ro Khanna Dem	LRCX	Buy	1	$8K	Child
2d before Mar 31, 2026	Michael McCaul Rep	ASML	Sell	1	$8K	Spouse
2d before Mar 31, 2026	Jared Moskowitz Dem	ASML	Buy	1	$8K	Not disclosed
2d before Mar 31, 2026	Alan Armstrong Rep	ASML	Buy	1	$8K	Joint

Committee Conflict Mar 17, 2026

Bipartisan PYPL buying in the week before PayPal USD 70-market global launch

On March 17, 2026, PayPal announced the expansion of its PYUSD dollar-backed stablecoin to users across 70 global markets, a major product launch spanning Asia-Pacific, Europe, Latin America, and North America. In the seven days leading up to the announcement, at least four congressional PYPL purchases landed in the correlation window: Rep. Ro Khanna's spouse bought PYPL on March 10, Rep. Byron Donalds bought PYPL twice (self and spouse) on March 13, and Rep. Gil Cisneros bought PYPL on March 13. The cluster spans both parties (D and R) and lands tightly ahead of a product launch PayPal said had been months in the making. Rep. Khanna's spouse added a follow-on PYPL purchase on March 23. All four pre-announcement buys were in the $1,001-$15,000 range, so dollar-size is modest, but the temporal grouping across members is a pattern worth examining.

Market impact: PayPal announced PYUSD availability in 70 markets on March 17, 2026, the companys largest stablecoin geographic expansion since PYUSD launched in 2023.

Source: PayPal Newsroom

Congressional trades in the 10 days before 4 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
7d before Mar 10, 2026	Ro Khanna Dem	PYPL	Buy	1	$8K	Spouse
4d before Mar 13, 2026	Byron Donalds Rep	PYPL	Buy	2	$16K	Not disclosed, Spouse
4d before Mar 13, 2026	Gil Cisneros Dem	PYPL	Buy	1	$8K	Not disclosed
1d before Mar 16, 2026	Mark Alford Rep	PYPL	Sell	1	$8K	Not disclosed

Committee Conflict Feb 3, 2026

Tony Wied buys HIMS before FDA policy discussions

Rep. Tony Wied purchased $50-100K of Hims & Hers Health (HIMS) on Feb 3, 2026. HIMS is a telehealth company whose stock is heavily influenced by FDA compounding pharmacy regulations, a topic actively being discussed in Congress.

Market impact: HIMS stock has been volatile around FDA compounding pharmacy rule changes.

Source: Congressional filings / FDA regulatory calendar

Congressional trades in the 10 days before 1 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
Same day Feb 3, 2026	Tony Wied Rep	HIMS	Buy	1	$75K	Joint

Committee Conflict Jan 23, 2026

McCormick spouse begins massive Goldman Sachs accumulation

Dina Powell McCormick (wife of Senator Dave McCormick, former Bridgewater CEO) purchased $175K-$3M of Goldman Sachs stock across 7+ separate purchases between Jan 23 and Mar 10, 2026. McCormick sits on the Senate Banking Committee which oversees financial regulation. His wife was formerly a Goldman Sachs partner.

Market impact: GS stock rose during this accumulation period. The Banking Committee held hearings on financial deregulation in February.

Source: Congressional filings / public record

Congressional trades in the 10 days before 3 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
7d before Jan 16, 2026	David Taylor Rep	JPM	Buy	1	$8K	Not disclosed
3d before Jan 20, 2026	Jonathan Jackson Dem	JPM	Buy	1	$8K	Spouse
Same day Jan 23, 2026	Dave McCormick Rep	GS	Sell	1	$3.0M	Spouse

Committee Conflict Jan 9, 2026

Gil Cisneros oil-defense rotation - massive sector swap

Rep. Cisneros sold $100K+ of oil stocks (XOM, CVX, COP, VLO, EOG) and simultaneously bought defense stocks (RTX, GD) on the same day. One month later (Feb 10), he reversed course and bought back oil stocks and sold defense. This kind of rapid sector rotation in geopolitically sensitive stocks raises questions about informational advantage.

Market impact: Oil and defense sectors moved inversely during the Iran escalation period. The rotation pattern suggests directional conviction based on geopolitical expectations.

Source: Congressional filings / public record

Congressional trades in the 10 days before 3 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
2d before Jan 7, 2026	Gil Cisneros Dem	COP	Sell	1	$33K	Not disclosed
1d before Jan 8, 2026	John Boozman Rep	XOM	Buy	1	$8K	Joint
Same day Jan 9, 2026	Gil Cisneros Dem	COP CVX EOG GD RTX VLO XOM	Buy Sell	8	$156K	Not disclosed

Committee Conflict Dec 29, 2025

Markwayne Mullin buys defense + energy stocks

Sen. Mullin, who sits on the Armed Services Committee, purchased $50K each of CVX, COP (energy), and RTX (defense contractor Raytheon) on Dec 29, 2025. This was weeks before increased defense spending was confirmed and Iran tensions escalated.

Market impact: Defense and energy stocks both rallied in January-March 2026 as Iran tensions escalated and the Pentagon budget increased.

Source: Congressional filings / Senate Armed Services Committee membership

Congressional trades in the 10 days before 5 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
10d before Dec 19, 2025	Gil Cisneros Dem	LMT	Sell	1	$8K	Not disclosed
7d before Dec 22, 2025	Roger Williams Rep	CVX RTX	Buy Sell	2	$41K	Not disclosed
5d before Dec 24, 2025	Gil Cisneros Dem	CVX	Sell	1	$8K	Not disclosed
Same day Dec 29, 2025	Markwayne Mullin Rep	COP CVX RTX	Buy	3	$98K	Joint
Same day Dec 29, 2025	Steve Cohen Dem	NOC	Sell	1	$33K	Not disclosed

Committee Conflict Aug 7, 2025

Cleo Fields accumulates TSM in the week before Trump confirms TSMC tariff exemption

On August 7, 2025, President Trump announced a 100% tariff on imported semiconductors with an exemption for companies building manufacturing in the United States. Taiwan's National Development Council confirmed the same day that TSMC qualified for the exemption based on its $165 billion in committed Arizona investment. TSMC's ADR (TSM) surged 4.89% to an all-time high on the news. Six days before the announcement, on August 1, 2025, Rep. Cleo Fields (D-LA, House Commerce, Science & Transportation) executed two TSM purchases totaling $100,001-$250,000. Six days after the announcement, on August 13, 2025, Fields added another $250,001-$500,000 TSM purchase - bracketing the known catalyst on both sides. Fields sits on the committee with direct jurisdiction over CHIPS Act implementation and semiconductor trade policy.

Market impact: TSM (NYSE) jumped 4.89% to a record high in the session following the August 7 exemption announcement. Other US-investing chipmakers (INTC, MU) also saw positive moves; foreign chipmakers without US footprint (Japan-listed names) sold off.

Source: Bloomberg / CNBC / Fortune

Congressional trades in the 10 days before 1 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
6d before Aug 1, 2025	Cleo Fields Dem	TSM	Buy	2	$183K	Not disclosed

Committee Conflict Jul 31, 2025

Cleo Fields builds $300K+ PLTR position in 5 weeks bracketing Army's $10B Palantir contract

On July 31, 2025, the U.S. Army awarded Palantir Technologies a 10-year Enterprise Service Agreement worth up to $10 billion - the largest contract Palantir has ever received and a watershed moment that consolidated 75 prior software procurement contracts into a single Palantir-led vehicle. Two weeks earlier, on July 18, 2025, the Army had also awarded a $99.6 million Other Transaction Authority (OTA) to an Anduril-led team that included Palantir as a partner, for the Next-Generation Command and Control (NGC2) prototype. Rep. Cleo Fields (D-LA, House Commerce, Science & Transportation) executed six consecutive PLTR purchases between June 25, 2025 and October 10, 2025, accumulating an estimated $266,000-$580,000 in Palantir stock that bracketed both contract announcements: $1K-$15K (June 25), $50K-$100K (June 30), $100K-$250K (July 18 - same day as NGC2 announcement), $50K-$100K (July 28 - three days before the $10B Enterprise Service Agreement), $50K-$100K (August 13), and $15K-$50K (October 10). PLTR shares rallied roughly 40% across the window. Rep. Lisa McClain (R-MI), also on House Commerce, traded the opposite side - selling $100,001-$250,000 of PLTR on June 26 (one day after Fields began accumulating), 35 days before the $10B contract.

Market impact: PLTR rallied ~14% in the week following the July 18 NGC2 announcement and another ~10% following the July 31 $10B Enterprise Service Agreement. The stock continued higher into August on momentum from both deals, ultimately gaining roughly 40% across Fields' accumulation window.

Source: CNBC / Washington Post / U.S. Army

Congressional trades in the 10 days before 1 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
3d before Jul 28, 2025	Cleo Fields Dem	PLTR	Buy	1	$75K	Not disclosed

Committee Conflict Jul 18, 2025

Cleo Fields PLTR accumulation around $99.6M Army NGC2 prototype contract

On July 18, 2025, the U.S. Army awarded Anduril Industries a $99.6 million Other Transaction Authority (OTA) for the Next-Generation Command and Control (NGC2) prototype - an integrated suite of warfighting capabilities to be delivered within 11 months. Palantir Technologies was a named partner on the contract alongside Striveworks, Govini, Microsoft, Instant Connect Enterprise, and Research Innovations Inc. Rep. Cleo Fields (D-LA, House Commerce, Science & Transportation) bought $1,001-$15,000 of PLTR on June 25, $50,001-$100,000 of PLTR on June 30, then $100,001-$250,000 of PLTR on July 18 - the same day as the announcement. This event chains into the larger July 31, 2025 Palantir $10 billion Army Enterprise Service Agreement and is part of a six-trade accumulation pattern documented in the companion July 31 event.

Market impact: PLTR shares rallied roughly 14% in the week following the NGC2 announcement on momentum from the contract win and growing expectations about the larger pending Army software deal.

Source: DefenseScoop / Anduril

Congressional trades in the 10 days before 2 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
3d before Jul 15, 2025	Marjorie Taylor Greene Rep	PLTR	Buy	1	$8K	Not disclosed
Same day Jul 18, 2025	Cleo Fields Dem	PLTR	Buy	1	$175K	Not disclosed

Committee Conflict Jul 14, 2025

Cleo Fields buys NVDA in six lots in the four days before H20 China export reversal

Rep. Cleo Fields (D-LA), a member of the House Financial Services Committee, purchased NVIDIA shares in six separate lots between July 10 and July 14, 2025 - totaling roughly $400K to $1M+ in midpoint exposure. On July 14-15, the Trump administration reversed its April 2025 ban on H20 AI chip sales to China and the US Commerce Department began issuing export licenses, sending NVDA up about 4.2% on the news. Two of the six Fields buys were executed on July 14, the same day the policy reversal broke. Rep. Ro Khanna (D) also purchased TSM on July 11. The cluster of Fields purchases concentrated in a narrow window immediately before a major policy announcement on the exact ticker most exposed to the decision is a temporal correlation worth examining.

Market impact: NVDA shares rose roughly 4.2% intraday on news of the H20 export-license reversal; the rally extended to other AI/semi names. NVDA had warned of an $8B revenue hit from the prior April restrictions, so the policy flip was a material catalyst.

Source: HPCwire / CNBC / Reuters

Congressional trades in the 10 days before 5 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
7d before Jul 7, 2025	Sheldon Whitehouse Dem	NVDA	Sell	1	$33K	Spouse
4d before Jul 10, 2025	Cleo Fields Dem	NVDA	Buy	2	$350K	Not disclosed
3d before Jul 11, 2025	Ro Khanna Dem	TSM	Buy	1	$8K	Spouse
3d before Jul 11, 2025	Ritchie Torres Dem	AVGO	Sell	1	$8K	Not disclosed
Same day Jul 14, 2025	Cleo Fields Dem	NVDA	Buy	4	$458K	Not disclosed

Committee Conflict Jun 9, 2025

Bipartisan AAPL cluster trades in 10 days before Apple WWDC 2025 keynote

Apple's Worldwide Developers Conference (WWDC) keynote on June 9, 2025 is one of the largest scheduled catalysts on Apple's calendar - the company's annual platform-wide reveal that typically moves AAPL several percent in either direction. The 2025 keynote disappointed investors with muted Apple Intelligence updates and a publicly delayed Siri overhaul; AAPL dropped 1-2% in the days following. In the ten trading days before WWDC, five members of Congress executed eight AAPL trades. Rep. Tim Moore (R-NC) executed a same-day rebalance on June 2 - selling a $100,001-$250,000 position and buying a $50,001-$100,000 one. Rep. Cleo Fields (D-LA, House Commerce) bought $100,001-$250,000 of AAPL on June 3 plus a smaller lot the same day, then added two more lots on the day of the keynote (June 9). Rep. Val Hoyle (D-OR, House Commerce) bought June 6. Rep. Lisa McClain (R-MI, House Commerce) bought the day of the keynote. Combined disclosed volume across the cluster: $250,000-$650,000. Direction was net bullish, but the post-keynote move went against the trade.

Market impact: AAPL closed down 1.2% on June 9 (day of keynote) and another 1% the following session as Apple Intelligence and Siri updates fell short of expectations. The pre-event cluster was net bullish; the post-event direction punished the bias.

Source: Computerworld / WWDC 2025 coverage

Congressional trades in the 10 days before 5 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
7d before Jun 2, 2025	Tim Moore Rep	AAPL	Buy Sell	2	$250K	Not disclosed
6d before Jun 3, 2025	Cleo Fields Dem	AAPL	Buy	2	$183K	Not disclosed
3d before Jun 6, 2025	Val Hoyle Dem	AAPL	Buy	1	$8K	Spouse
Same day Jun 9, 2025	Cleo Fields Dem	AAPL	Buy	2	$16K	Not disclosed
Same day Jun 9, 2025	Lisa McClain Rep	AAPL	Buy	1	$8K	Spouse

Committee Conflict Apr 14, 2025

Bipartisan chip-stock cluster trades 7 days before Trump Section 232 chip-tariff probe

On April 14, 2025, the U.S. Department of Commerce / Bureau of Industry and Security publicly announced a Section 232 national-security investigation into imports of semiconductors and semiconductor-manufacturing equipment - the chip-specific tariff threat that landed less than two weeks after Liberation Day (April 2) had explicitly exempted semiconductors from the broad reciprocal tariffs. In the seven trading days before the announcement, eight members of Congress on both sides of the aisle traded chip stocks and chip-equipment makers in a tightly clustered window. Republicans Jefferson Shreve (R-IN, Commerce), Markwayne Mullin (R-OK, Commerce), Rob Bresnahan (R-PA, Commerce), Marjorie Taylor Greene (R-GA, Commerce), and Julia Letlow (R-LA, Commerce) traded across TXN, AMAT, LRCX, MU, and INTC. Democrats Ro Khanna (D-CA, Armed Services), Julie Johnson (D-TX), Jared Moskowitz (D-FL), and Josh Gottheimer (D-NJ) also participated. The mix of buys and sells, multi-ticker spread, and tight 7-day clustering before a specific chip-tariff catalyst is consistent with a coordinated information edge among committee members touching CHIPS Act jurisdiction.

Market impact: Chip-equipment names (TXN, AMAT, LRCX) underperformed in the days following the Section 232 announcement on tariff-uncertainty fears; broader chip indices (SOXX, SMH) saw multi-percent declines as the market priced in the new investigation.

Source: Federal Register / U.S. Department of Commerce

Congressional trades in the 10 days before 13 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
10d before Apr 4, 2025	Ro Khanna Dem	MU TXN	Buy	4	$32K	Child, Spouse
10d before Apr 4, 2025	Marjorie Taylor Greene Rep	LRCX	Buy	1	$8K	Not disclosed
7d before Apr 7, 2025	Jefferson Shreve Rep	INTC LRCX MU TXN	Buy Sell	4	$173K	Not disclosed
7d before Apr 7, 2025	Julie Johnson Dem	ASML LRCX MU	Sell	3	$24K	Joint
7d before Apr 7, 2025	Jared Moskowitz Dem	TXN	Buy	1	$8K	Not disclosed
6d before Apr 8, 2025	Markwayne Mullin Rep	AMAT LRCX TXN	Sell	3	$183K	Joint
6d before Apr 8, 2025	Rob Bresnahan Rep	AMAT LRCX MU TXN	Sell	4	$57K	Not disclosed
5d before Apr 9, 2025	Ro Khanna Dem	AMAT KLAC MU TXN	Buy Sell	4	$106K	Spouse
5d before Apr 9, 2025	Marjorie Taylor Greene Rep	AMAT ASML	Buy	2	$16K	Not disclosed
5d before Apr 9, 2025	Josh Gottheimer Dem	TXN	Sell	1	$8K	Joint
3d before Apr 11, 2025	Jefferson Shreve Rep	AMAT	Buy	1	$33K	Not disclosed
3d before Apr 11, 2025	Rob Bresnahan Rep	TXN	Buy	1	$8K	Not disclosed
Same day Apr 14, 2025	Julia Letlow Rep	MU	Buy	1	$8K	Not disclosed

Committee Conflict Jan 27, 2025

Bipartisan chip-equipment cluster trades in 10 days before DeepSeek crash

On January 27, 2025, China's DeepSeek released its R1 reasoning model - benchmarked against the world's leading LLMs but reportedly trained for less than $6 million using lower-capacity Nvidia chips. The release triggered a single-day selloff that wiped roughly $600 billion off US AI and semiconductor market caps, with chip-equipment makers (AMAT, LRCX, KLAC, ASML) and CHIPS Act recipients (INTC, MCHP, TXN, HPE) all selling off 5-10%. In the ten trading days before the crash, five members of Congress on chip-relevant committees executed 22 chip-equipment and chip-recipient trades - separate from and broader than the existing event covering the NVDA/AMD/SMCI dumps by one senate freshman. Sen. Ashley Moody (R-FL, Senate Commerce) executed three separate $100,001-$250,000 Applied Materials (AMAT) purchases on Jan 21, Jan 22, and the day of the crash (Jan 27), plus a $50,001-$100,000 Micron (MU) purchase Jan 22. Rep. Ro Khanna (D-CA, House Commerce + Armed Services) executed seven chip-stock trades on a single day (Jan 17) across TXN, LRCX, MCHP, KLAC, AMAT, and INTC, with additional trades Jan 22-24. Rep. Julia Letlow (R-LA, House Commerce) sold TSM and bought HPE on Jan 24. Rep. Val Hoyle (D-OR, House Commerce) sold ASML on Jan 24. Rep. Bill Keating (D-MA, House Foreign Affairs) traded KLAC and LRCX on Jan 24. The bipartisan, multi-ticker, multi-day clustering across the entire CHIPS Act recipient list 3-10 days before a known catalyst is consistent with selective positioning across the chip supply chain.

Market impact: AMAT, LRCX, KLAC, and ASML all dropped 10%+ on Jan 27 as the DeepSeek news called into question the capex required for AI training. INTC dropped roughly 6%; MCHP, TXN, HPE all declined 4-7% in the following sessions. Combined US semiconductor index lost approximately $600 billion in single-day market cap.

Source: CNBC / DeepSeek release coverage

Congressional trades in the 10 days before 9 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
10d before Jan 17, 2025	Ro Khanna Dem	AMAT INTC KLAC LRCX MCHP ON TXN	Buy Sell	8	$64K	Spouse
6d before Jan 21, 2025	Ashley Moody Rep	AMAT	Buy	1	$175K	Self
5d before Jan 22, 2025	Ashley Moody Rep	AMAT	Buy Sell	2	$183K	Self
5d before Jan 22, 2025	Ro Khanna Dem	AMAT KLAC TXN	Buy Sell	3	$49K	Child
3d before Jan 24, 2025	Bill Keating Dem	KLAC LRCX	Buy Sell	2	$16K	Not disclosed
3d before Jan 24, 2025	Ro Khanna Dem	TXN	Buy	2	$16K	Child, Spouse
3d before Jan 24, 2025	Julia Letlow Rep	HPE	Buy	1	$8K	Not disclosed
3d before Jan 24, 2025	Val Hoyle Dem	ASML	Sell	1	$8K	Spouse
Same day Jan 27, 2025	Ashley Moody Rep	AMAT	Buy Sell	3	$191K	Self

Committee Conflict Nov 20, 2024

Bipartisan chip-stock cluster trades during November 2024 CHIPS Act final-award cascade

Between November 15 and November 26, 2024, the Biden-Harris administration finalized a rolling cascade of CHIPS Act direct-funding awards in a race to lock in commitments before Inauguration Day: TSMC's $6.6 billion (Nov 15), GlobalFoundries' $1.5 billion (Nov 20), Amkor's $400 million (Nov 21), and Intel's $7.86 billion (Nov 25-26). In the seven trading days preceding November 20, three House members executed a coordinated chip-stock cluster. Rep. Ro Khanna (D-CA, House Commerce + Armed Services) executed five separate chip-stock trades in a single day (Nov 15) - buying MU, INTC, and LRCX while selling KLAC and MCHP - a textbook portfolio rebalance across the entire CHIPS Act recipient list on the same day TSMC's $6.6B final award was announced. Rep. Michael McCaul (R-TX, House Foreign Affairs, with chip-export-control jurisdiction) sold $15,001-$50,000 of TSM on Nov 19 then two INTC positions totaling $50,001-$115,000 on Nov 20 - 6 days before Intel's own $7.86B final award. Rep. Marjorie Taylor Greene (R-GA, House Commerce) bought Applied Materials on Nov 20.

Market impact: Chip-recipient stocks generally rallied during the cascade as the market priced in the locked-in federal funding commitments. INTC closed up ~3% on Nov 26 on its own announcement. TSM was up roughly 5% over the cascade window despite Trump-tariff overhangs.

Source: U.S. Department of Commerce

Congressional trades in the 10 days before 5 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
8d before Nov 12, 2024	Ro Khanna Dem	MCHP TSM TXN	Buy Sell	3	$24K	Spouse
5d before Nov 15, 2024	Ro Khanna Dem	INTC KLAC LRCX MCHP MU	Buy Sell	5	$40K	Child
1d before Nov 19, 2024	Michael McCaul Rep	TSM	Sell	1	$33K	Spouse
Same day Nov 20, 2024	Michael McCaul Rep	INTC	Sell	2	$83K	Child, Spouse
Same day Nov 20, 2024	Marjorie Taylor Greene Rep	AMAT	Buy	1	$8K	Not disclosed

Committee Conflict Jul 16, 2024

Michael McCaul sells $350K TSM the day before Trump's Taiwan tariff remarks move chip stocks

On July 16, 2024, Bloomberg Businessweek published an interview in which Donald Trump suggested Taiwan should 'pay us for defense' and implied tariffs on Taiwanese chip imports were on the table. TSMC (TSM) shares fell roughly 8% on July 17 and the broader semiconductor index (SOX) dropped 6.8% - its worst day since 2020 - on the policy-risk headline. One trading day earlier - July 15 - Rep. Michael McCaul's (R-TX) spouse and child accounts each executed a full sale of TSM in the $50K-$100K range, for roughly $150K-$350K in combined midpoint exposure. McCaul simultaneously sold MSFT lots in his spouse and child accounts the same day. As chair of the House Foreign Affairs Committee with Taiwan-policy jurisdiction, McCaul is the single member of Congress most likely to have had advance visibility into senior Republican thinking on Taiwan defense-funding posture.

Market impact: TSM fell approximately 8% on July 17. The PHLX Semiconductor Index (SOX) dropped 6.8% - its worst single-day decline since the March 2020 COVID crash. NVDA, AMD, and AVGO each fell 5-7% on the session.

Source: Bloomberg Businessweek / Reuters

Congressional trades in the 10 days before 2 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
4d before Jul 12, 2024	Ro Khanna Dem	ASML TSM	Buy	2	$16K	Spouse
1d before Jul 15, 2024	Michael McCaul Rep	TSM	Sell	2	$150K	Child, Spouse

Committee Conflict Apr 24, 2024

Michael McCaul's $3M+ META/GOOGL pivot around the TikTok divestiture bill

Rep. Michael McCaul (R-TX), who chaired the House Foreign Affairs Committee with jurisdiction over China export controls, ran an extraordinary trading sequence across his spouse and child accounts during the TikTok divestiture fight. Phase 1 (pre-House vote): bought roughly $607,500 of META between March 1-22 across four trading days, positioning for a TikTok ban that would shift ad dollars to Meta's platforms. Phase 2 (House passes bill 352-65 on March 13; Senate slow-walks it): on March 25, executed a single-day rebalance of roughly $3 million - selling META ($1.375M), GOOGL ($1.5M), and TSM ($350K) across a dozen lots, with three positions booked as 'Exchange' rather than outright sales. Phase 3 (Senate revives bill in foreign-aid package): bought back roughly $430K of META between March 26 and April 30. Phase 4 (Biden signs bill April 24): pivoted the family into Novo Nordisk (NVO), buying roughly $500K of the weight-loss drug maker between April 23 and May 29 - on the same day Biden signed the TikTok bill into law. As chairman of the House committee with direct oversight of the legislation, McCaul had advance visibility into every procedural step.

Market impact: META rallied roughly 40% from January through March 2024 on TikTok-ban tailwinds, then dropped 10% after Q1 earnings in late April - McCaul's March 25 sell landed near the local high. NVO gained approximately 30% between April 24 and year-end 2024 on Wegovy cardiovascular-label approval momentum.

Source: Congress.gov / Congressional filings

Congressional trades in the 10 days before 3 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
1d before Apr 23, 2024	Michael McCaul Rep	NVO	Buy	2	$250K	Child, Spouse
1d before Apr 23, 2024	Ro Khanna Dem	GOOGL	Buy	1	$8K	Spouse
Same day Apr 24, 2024	Michael McCaul Rep	NVO	Buy	2	$150K	Child, Spouse

Committee Conflict Mar 20, 2024

Khanna and Jackson chip-stock cluster trades around Intel CHIPS Act preliminary $8.5B memo

On March 20, 2024, President Biden and Commerce Secretary Gina Raimondo announced a non-binding preliminary memorandum of terms with Intel for up to $8.5 billion in CHIPS Act direct funding plus up to $11 billion in available federal loans - the first major commercial CHIPS Act preliminary award and one of the largest semiconductor industrial-policy actions in U.S. history. In the seven trading days before the announcement, four House members - all on committees with chip-policy jurisdiction - executed 14 chip-stock trades across the supply chain. Rep. Jonathan Jackson (D-IL, House Commerce) bought $50,001-$100,000 of Applied Materials (AMAT) and $15,001-$50,000 of ASML on March 13, while simultaneously selling Intel. Rep. Ro Khanna (D-CA, House Commerce + Armed Services) executed multi-ticker trades on March 15 and March 20 including a $50,001-$100,000 sale of Intel the same day as the announcement. Rep. John James (R-MI) bought NVDA on March 13. Rep. Josh Gottheimer (D-NJ) bought AMD on March 15 and 18. The mix of accumulating chip-equipment names while reducing Intel-specific exposure days before a large Intel-favorable announcement is consistent with selective positioning around CHIPS Act decision-making.

Market impact: Intel (INTC) shares closed up 0.5% on the day of the announcement and rose ~3% over the following week as the market digested the largest commercial CHIPS Act award to date; chip-equipment names AMAT, LRCX, and KLAC also rallied as the broader semiconductor industrial-policy commitment became clearer.

Source: U.S. Department of Commerce / White House

Congressional trades in the 10 days before 9 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
9d before Mar 11, 2024	Lisa McClain Rep	AMD NVDA	Buy	2	$65K	Spouse
8d before Mar 12, 2024	Ro Khanna Dem	AVGO	Sell	3	$24K	Child, Spouse
8d before Mar 12, 2024	Tommy Tuberville Rep	TXN	Sell	2	$16K	Joint
7d before Mar 13, 2024	Jonathan Jackson Dem	AMAT ASML INTC	Buy Sell	3	$140K	Joint
7d before Mar 13, 2024	John James Rep	NVDA	Buy	1	$8K	Not disclosed
5d before Mar 15, 2024	Ro Khanna Dem	MU	Sell	1	$33K	Spouse
5d before Mar 15, 2024	Josh Gottheimer Dem	AMD	Buy	1	$8K	Joint
2d before Mar 18, 2024	Josh Gottheimer Dem	AMD	Buy	1	$8K	Joint
Same day Mar 20, 2024	Ro Khanna Dem	AMAT AVGO INTC LRCX MU NVDA TXN	Buy Sell	7	$148K	Spouse

Committee Conflict Oct 17, 2023

Ro Khanna family and Tommy Tuberville dump semi equipment before BIS China export-rule update

On October 17, 2023, the Bureau of Industry and Security (BIS) tightened the October 2022 semiconductor export controls to China, cutting off additional NVIDIA chips and closing workaround loopholes. In the 15 days before the update, Rep. Ro Khanna (D-CA) - whose district contains Silicon Valley - saw his family dump four separate semiconductor-equipment positions: AMAT on October 2 (child), then LRCX, AVGO, and KLAC on October 10 (spouse), all as full sales. Sen. Tommy Tuberville (R-AL), a member of the Senate Armed Services Committee, sold two lots of AMAT on the exact day the rule was announced (October 17). Applied Materials, Lam Research, and KLA were the three US chip-tool makers most directly exposed to China export controls - precisely the names that got dumped.

Market impact: Semi-equipment names dropped on the announcement: AMAT fell 4.1%, LRCX fell 3.4%, and KLAC fell 3.8% on October 17-18. NVIDIA also sold off roughly 5% that week on the H800/A800 restrictions.

Source: US Bureau of Industry and Security / Reuters

Congressional trades in the 10 days before 3 found

Timing	Politician	Tickers	Action	# Trades	Est. Value	Owner(s)
7d before Oct 10, 2023	Ro Khanna Dem	AVGO KLAC LRCX	Sell	3	$73K	Spouse
4d before Oct 13, 2023	Ro Khanna Dem	ASML	Buy	1	$8K	Spouse
Same day Oct 17, 2023	Tommy Tuberville Rep	AMAT	Buy Sell	3	$24K	Joint

A note on what this page shows

This page maps publicly disclosed congressional trades against documented political events. A trade near an event is not proof of wrongdoing - members of Congress trade frequently, and coincidences happen. What matters is the pattern: when the same sectors and tickers keep appearing in the days before market-moving announcements, the question shifts from "is this suspicious?" to "how often does this happen?"

The larger suspicious trading incidents (the $580M pre-dawn oil futures bet, the $950M ceasefire trade) involve anonymous market participants - not necessarily Congress members. We include those events for context because they show the environment in which congressional trading happens.