The STOCK Act did not stop trading. It changed who dared.
The Three Camps
Complied immediately. No trades during sensitive windows. Represent genuine reform response.
Continued trading through enforcement windows. Bet that scrutiny would remain weak.
Large-volume traders who shifted timing rather than stopping. Most sophisticated adaptation.
Sell% Timeline
Congressional Sell% — Key Inflection Quarters
CHIPS Act Trading Window
CHIPS Act Window — 18 Semiconductor Trades
Jun–Jul 2022 · markup periodWhile the CHIPS and Science Act was being marked up in committee, members with direct jurisdiction made concentrated semiconductor sector trades. Both parties involved.
| Legislator | Action | Asset | Size | Date | Note |
|---|---|---|---|---|---|
| Pelosi | BUY | NVDA | $1–5M | Jun 17 | Pre-markup |
| Pelosi | SELL | NVDA | $1–5M | Jul 26 | 39 days later |
| Manning | BUY | Chips/SOXX | multiple | Jun–Jul | 8 purchases |
2025 Committee Conflicts
2025 Committee Conflicts
Reform pressure worked temporarily — the ban's failure emboldened continued trading with direct committee jurisdiction conflicts into 2025.
| Legislator | Holdings / Trades | Committee |
|---|---|---|
| Gottheimer | Visa, Mastercard | Financial Services |
| Cisneros | Boeing, Raytheon | Armed Services |
| McClain | Humana, UnitedHealth | Energy & Health |
Watch influence flow through Congress
Every node is a legislator. Size reflects their Influence Exposure Score. Edges appear when two members traded the same stock in the same month. Pulse rings fire when trades occur — green for buys, red for sells. Use the control bar to play, adjust speed, or reset.