Even while Congress is legislating and providing oversight of the executive branch and government agencies, members of Congress are buying and selling stocks, according to new periodic disclosure reports of financial transactions required by the Stop Trading on Congressional Knowledge (Stock) Act.
Rep. Diane Black, R-Tenn., the 14th richest member of Congress, reported her spouse bought $50,001 to $100,000 of Comcast Corporation on April 1st, and bought another $50,001 to $100,000 of Comcast on April 3rd. Black’s spouse also bought $1,000,001 to $5 million of York Capital Management on March 31st. On April 3rd, he bought $100,001 to $250,000 of Unilever and the same amount of Zoeis Inc. on April 3rd.
Other recent reports of large transactions include:
Rep. Scott Peters, D-Calif., the 8th richest member of Congress, reported his spouse sold $500,001 to 1 million worth of Graham Corp. on March 4th, and another $100,001 to $250,000 of Graham Corp. on March 6th. He also sold $1 million to $4 million of California State GO bonds on April 1st. On various dates in April he sold a total of between $1,526,016 and $3,415,000 of APCO Oil & Gas.