1 hr ago
Pelosi Leads Congressional Stock Volume as Khanna Tops Trade Count
Some members of Congress trade stocks, and people are watching their activity closely.
Nancy Pelosi moved the most money in the past year, with about $61.15 million in trades.
Ro Khanna made the most individual trades, with more than 4,000.
Other lawmakers made fewer trades but sometimes moved large amounts of money in each trade.
The Senate recently blocked a bill that would have limited congressional stock trading.
Some lawmakers want a complete ban on individual-stock trading for members and their families.
Current law allows stock trading but bans using inside information.
It also requires lawmakers to report many trades within a set period.
Nancy Pelosi recorded the highest past-year congressional trade volume at an estimated $61.15 million across 27 trades.
Representative Ro Khanna made 4,104 trades worth about $58.8 million, the highest trade count in the data.
Michael T. McCaul, Tony Wied, and Alan Armstrong followed on the volume list, while trade sizes varied widely.
The Senate blocked a stock-trading restriction bill, with Democrats arguing that it did not go far enough to constitute a complete ban.
The STOCK Act allows lawmakers to own and trade stocks but requires disclosures and prohibits insider trading.
- Who
- Members of the United States Congress, including Nancy Pelosi, Ro Khanna, Michael T. McCaul, Tony Wied, and Alan Armstrong, are highlighted.
- What
- Quiver Quantitative data ranks lawmakers by estimated stock-trading volume and trade frequency, amid efforts to restrict congressional trading.
- Where
- The activity concerns the United States Congress and securities markets.
- When
- The article cites activity during the past year, a Senate vote on Wednesday, and disclosures filed through September 2026.
- Why
- Congressional stock trading is drawing scrutiny, while lawmakers and others debate whether existing disclosure rules are sufficient or whether trading should be banned.
Supporters of Stronger Restrictions
Supporters of Current or Limited Rules
Whether lawmakers should trade individual securities
Supporters of Stronger Restrictions
Supporters of bans argue that members of Congress, their spouses, and dependent children should be prohibited from trading or owning individual stocks, bonds, commodities, or complex investments. Proposals associated with Anna Paulina Luna and Josh Hawley would impose such restrictions.
Supporters of Current or Limited Rules
The current framework allows lawmakers to own and trade US stocks, provided they do not use insider information and disclose qualifying transactions.
Response to the Senate bill
Supporters of Stronger Restrictions
Democrats opposed the Senate measure because they argued it fell short of a complete ban on congressional stock trading.
Supporters of Current or Limited Rules
The bill was presented as a restriction on lawmakers' trading, but the article does not state that supporters viewed it as a complete prohibition.
What trading data can show
Supporters of Stronger Restrictions
Critics point to large volumes, unusually frequent trading, and the need for greater transparency and accountability, including concerns cited by Ron DeSantis.
Supporters of Current or Limited Rules
The data shows disclosed trade amounts and returns but cannot determine whether results reflect investment skill, access to information, or larger starting portfolios.
Key facts
- Top past-year volume
- Nancy Pelosi: estimated $61.15 million across 27 trades
- Top past-year trade count
- Ro Khanna: 4,104 trades worth about $58.8 million
- Highest tracked total volume
- Ro Khanna: $650.04 million across 39,622 tracked trades
- Pelosi tracked performance
- Quiver Quantitative reports a 983.53% strategy return since 2014, compared with 306.38% for the S&P 500
- Other major volumes
- Michael T. McCaul: $26.4 million; Tony Wied: $25.88 million; Alan Armstrong: $21.39 million
- Current legal framework
- The STOCK Act bans insider trading by lawmakers and requires qualifying trades above $1,000 to be disclosed within 30 to 45 days
- Recent Senate action
- The Senate blocked a bill to restrict congressional stock trading; Democrats said it did not amount to a complete ban
Quotes
Ron DeSantis
Governor who proposed legislation concerning congressional stock-trading transparency and accountability
“We are sick of seeing members of Congress with no prior investment acumen all of a sudden turn into Warren Buffett on steroids and put major hedge funds to shame. Something is rotten in the state of Denmark!”
financialexpress.com
Sources
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