After Introducing Legislation to Ban Congressional Stock Trading, Bresnahan Makes Additional 85 Deals
File under the category of “Actions speak louder than words.”
Days after introducing legislation calling for a Congressional stock trading ban, Rep. Rob Bresnahan (R-08) was at it again, reporting 85 additional stock trades from May 11-15.
On May 6, the northeast Pennsylvania Republican introduced his “Transparency in Representation through Uniform Stock Trading Ban (TRUST) Act,” that would bar members of Congress and their spouses from purchasing or selling stocks upon taking office.
“The public should never have to question whether their elected officials are serving the public or their own portfolios,” said Rep. Bresnahan at the time. “I am introducing the TRUST Act to restore the integrity Americans expect and deserve from their government. This legislation allows for new levels of transparency and is a safeguard to ensure Washington works for the people.”
Interestingly enough, Bresnahan has not co-sponsored a similar bill introduced by Rep. Seth Magaziner (D-R.I.) just days into the 119th Congress which would require a member of Congress, as well as any spouse or dependent child of a member, to place specified investments into a qualified blind trust. Seven members of the Pennsylvania delegation signed on as co-sponsors: Reps. Madeline Dean (D-04), Mary Gay Scanlon (D-05), Chrissy Houlahan (D-06), Ryan Mackenzie (R-07), Scott Perry (R-10), Summer Lee (D-12), and Chris Deluzio (D-17). Bresnahan remains a glaring omission.
The freshman representative was identified by the Wall Street Journal as the second-most prolific trader during the week following President Donald Trump’s April Liberation Day announcement, trailing only Ro Khanna (D-Calif.) with just under 200 trades.
“Rep. Bresnahan does not trade his own stocks, he has a financial advisor like millions of Americans,” said spokesperson Hannah Pope back in early April.
“Corrupt D.C. swamp creature Congressman Rob Bresnahan just cannot stop trading stocks despite literally campaigning on a pledge to ban congressional stock trading, and it’s the reason why he will be a one-term member of Congress,” said DCCC spokesperson Eli Cousin. Bresnahan was elected to represent Northeast Pennsylvania, but he’d clearly be more at home representing Wall Street.”
Here are the 49 trades that were published this morning:
- AbbVie, Inc. – BUY – $1,000-15,000
- Air Products and Chemicals, Inc. – BUY – $1,000-15,000
- Alexandria Real Estate Equities – SELL – $1,000-15,000
- Ameren Corporation – SELL – $1,000-15,000
- Baxter International – BUY – $1,000-15,000
- Becton Dickinson and Co. – BUY – $1,000-15,000
- Biogen, Inc. – BUY – $1,000-15,000
- Centene Corp. – SELL – $1,000-15,000
- The Coca-Cola Co. – SELL – $1,000-15,000
- Consolidated Edison Inc. – SELL – $1,000-15,000
- DexCom Inc. – BUY – $1,000-15,000
- Dow Inc. – BUY – $1,000-15,000
- DuPont De Nemours Inc. – SELL – $1,000-15,000
- Eastman Chemical Co. – SELL – $1,000-15,000
- Electronic Arts Inc – SELL – $1,000-15,000
- EOG Resources Inc – BUY – $1,000-15,000
- General Electric Co. – SELL – $1,000-15,000
- General Dynamics Corp – SELL – $1,000-15,000
- Halliburton Co – SELL – $1,000-15,000
- Healthpeak Properties Inc – SELL – $1,000-15,000
- Host Hotels & Resorts Inc – SELL – $1,000-15,000
- Humana Inc – SELL – $1,000-15,000
- IDEXX Laboratories Inc – BUY – $1,000-15,000
- JP Morgan Chase & Co – BUY – $1,000-15,000
- Lockheed Martin Corp – BUY – $1,000-15,000
- LyondellBasell Industries NV – BUY – $1,000-15,000
- Marsh & McLennan Companies – SELL – $1,000-15,000
- Meta Platforms Inc – BUY – $1,000-15,000
- Molina Healthcare Inc – BUY – $1,000-15,000
- Netflix Inc – SELL – $1,000-15,000
- Northrop Grumman Corp – SELL – $1,000-15,000
- Nucor Corp – SELL – $1,000-15,000
- NVIDIA Corporation – BUY – $1,000-15,000 (May 15)
- NVIDIA Corporation – BUY – $1,000-15,000 (May 12)
- NVIDIA Corporation – BUY – $1,000-15,000 (May 11)
- Onto Innvoation Inc – SELL – $1,000-15,000
- PPG Industries Inc – SELL – $1,000-15,000
- Regeneron Pharmaceuticals Inc – BUY – $1,000-15,000
- Robinhood Markets Inc – BUY – $1,000-15,000
- Tesla Inc – BUY – $1,000-15,000 (May 15)
- Tesla Inc – BUY – $1,000-15,000 (May 11)
- Texas Instruments Inc – BUY – $1,000-15,000
- The Cooper Cos Inc – SELL – $1,000-15,000
- Valero Energy Corp – BUY – $1,000-15,000
- Veeva Systems Inc – SELL – $1,000-15,000
- Waste Management Inc – SELL – $1,000-15,000
- Waters Corp – BUY – $1,000-15,000
- Westinghouse Air Brake Technologies – SELL – $1,000-15,000
- Weyerhauser Co – SELL – $1,000-15,000
And here are the 36 that were published on June 2:
- Advanced Micro Devices Inc – BUY – $15,000-50,000
- Agilent Technologies Inc – BUY – $1,000-15,000
- Amcor PLC – BUY – $1,000-15,000
- Caterpillar Inc – BUY – $1,000-15,000
- Charles River Laboratories International – SELL – $1,000-15,000
- ConocoPhillips – BUY – $1,000-15,000
- CoStar Group Inc – SELL – $1,000-15,000
- CVS Health Corp – SELL – $1,000-15,000
- Danaher Corp – SELL – $1,000-15,000
- Elevance Health Inc – SELL – $1,000-15,000
- Exxon Mobil Corp – SELL – $1,000-15,000
- GE Healthcare Technologies – BUY – $1,000-15,000
- General Mills Inc – BUY – $1,000-15,000
- Incyte Corp – SELL – $1,000-15,000
- International Flavors & Fragrance – SELL – $1,000-15,000
- Iqvia Holdings Inc – SELL – $1,000-15,000
- Keurig Dr Pepper Inc – SELL – $1,000-15,000
- Kimberly-Clark Corp – SELL – $1,000-15,000
- Laboratory Corp of America Holdings – BUY – $1,000-15,000
- Marathon Petroleum Corp – BUY – $1,000-15,000
- Medtronic PLC – BUY – $1,000-15,000
- Merck & Co Inc – SELL – $15,000-50,000
- Mettler-Toledo International Inc – BUY – $1,000-15,000
- Occidental Petroleum Corp – BUY – $1,000-15,000
- PepsiCo Inc – SELL – $15,000-50,000
- Pfizer Inc – BUY – $15,000-50,000
- Schlumberger Ltd – SELL – $1,000-15,000
- Texas Instruments Inc – BUY – $15,000-50,000
- The Hershey Co – BUY – $1,000-15,000
- The Kraft Heinz Co – BUY – $1,000-15,000
- Thermo Fisher Scientific Inc – BUY – $15,000-50,000
- Unitedhealth Group Inc – SELL – $15,000-50,000
- WEC Energy Group Inc – SELL – $1,000-15,000
- YUM Brands Inc – SELL – $1,000-15,000
- Zimmer Biomet Holdings Inc – SELL – $1,000-15,000
- Zoetis Inc – BUY – $1,000-15,000
