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Explorecommittees × industries

Trading what they oversee

Weighted by dollars, 34% of committee members' trading in individual companies falls in industries their own committees oversee. If each member traded like the rest of Congress, about 29% would. That's 1.17× what chance predicts. One member accounts for 25% of those dollars: Josh Gottheimer. Leave those trades out and the ratio is 0.63×. Member by member, 43 of 128 trade more in their committees' industries than chance would predict.

34%of committee members' company-trade dollars are in industries their committees oversee
29%expected if they traded like the rest of Congress
43/128members above their own expected share
FIG. 1

Each member: observed share against the share chance predicts

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Dots above the diagonal trade more in their committees' industries than the rest of Congress's mix predicts; 85 of 128 sit on or below it.

Dot area = disclosed company-trade value. Hover or tap a dot for the member; click to open their page.

FIG. 2

Committee × industry: trade value by members seated on each committee

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outlined = inside that committee's jurisdiction. Square area = value. Select a cell to see who traded and the filings.

How the comparison works

For each member who sits on at least one committee with an industry jurisdiction and disclosed trades in individual companies since January 2024, the observed share is the dollar value (range midpoints) of those trades in industries the member's committees oversee, divided by the member's total. The expected share adds up, over those same industries, each industry's share of everyone else's company-trade value: what the member's share would be if their trades followed the rest of Congress's industry mix. The member's own trades are left out of that mix. The headline weights each member by their trade value; the member count compares each member with their own expectation.

Committee seats are today's. A member who joined a committee in 2025 is compared on trades from 2024 as well, and subcommittees aren't counted. The jurisdiction table is in the methodology. Including funds, bonds and other trades without an industry, the ratio is 1.11×. This shows where members trade, not why: overlap is a signal worth a look, never proof of a conflict or of trading on nonpublic information.

Source: House Clerk and Senate eFD periodic transaction reports, parsed by Greederboard; amounts are the midpoints of the disclosed ranges; industries from each issuer's SEC Standard Industrial Classification code (EDGAR); committee seats from the congress-legislators project (current rosters). Download the data (trades.csv) · Download the data (committee_assignments.csv) · Download the data (sectors.csv)

Largest committee × industry cells (individual companies)
CommitteeIndustryValueTrades
House Financial ServicesTech$143M967
House IntelligenceTech oversees$112M345
House Foreign AffairsTech$29M779
House Homeland SecurityTech$25M601
House Foreign AffairsOther$24M819
House Homeland SecurityOther$22M649
House Armed ServicesTech$21M1,528
House Armed ServicesOther$19M1,697
House RulesEnergy$17M45
House JudiciaryEnergy$16M29
Senate Health, Education, Labor & PensionsEnergy$16M22
House BudgetEnergy$16M10
Senate Indian AffairsEnergy$16M13
House Oversight & Government ReformTech$15M1,215
House Oversight & Government ReformOther$15M1,394
The 20 largest traders on committees: observed and expected shares
MemberCompany tradesOverseenExpected
Josh Gottheimer D$117M96%53%
Michael T. McCaul R$77M0%1%
Ro Khanna D$56M25%55%
Cleo Fields D$23M2%10%
Alan Armstrong R$21M3%6%
Gilbert Ray Cisneros, Jr. D$16M2%1%
Lisa C. McClain R$13M15%9%
Kevin Hern R$11M11%6%
David McCormick R$10M70%25%
Tim Moore R$9.7M1%10%
April McClain Delaney D$9.6M12%63%
Tommy Tuberville R$7.4M13%8%
Scott Franklin R$6.6M8%61%
Robert P. Bresnahan, Jr. R$6.2M10%5%
Julie Johnson D$4.7M3%1%
John W. Rose R$4.1M0%11%
John W. Hickenlooper D$3.8M57%71%
George Whitesides D$3.7M27%61%
Jonathan L. Jackson D$3.7M0%2%
Tony Wied R$3.4M0%5%