{"id":"C001055","trades":[{"date":"2021-05-03","filed":"2021-05-09","ticker":"MO","issuer":"Altria Group, Inc.","asset_type":"stock","direction":"sell","amount":[50001,100000],"owner":"self","sector":"Consumer Staples","late":false,"trade_id":"H20018706-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20018706.pdf","in_jurisdiction":false,"car_5":-0.044662},{"date":"2021-05-03","filed":"2021-05-09","ticker":null,"issuer":"Fidelity Government Cash Reserves","asset_type":"other","direction":"buy","amount":[15001,50000],"owner":"self","sector":null,"late":false,"trade_id":"H20018706-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20018706.pdf","in_jurisdiction":false,"car_5":null},{"date":"2021-05-03","filed":"2021-05-09","ticker":"GE","issuer":"General Electric Company","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"self","sector":"Industrials","late":false,"trade_id":"H20018706-003","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20018706.pdf","in_jurisdiction":false,"car_5":0.016671},{"date":"2021-05-03","filed":"2021-05-09","ticker":"KMI","issuer":"Kinder Morgan, Inc.","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"self","sector":"Energy","late":false,"trade_id":"H20018706-004","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20018706.pdf","in_jurisdiction":false,"car_5":-0.060697},{"date":"2021-05-03","filed":"2021-05-09","ticker":"MSFT","issuer":"Microsoft Corporation","asset_type":"stock","direction":"buy","amount":[50001,100000],"owner":"self","sector":"Information Technology","late":false,"trade_id":"H20018706-005","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20018706.pdf","in_jurisdiction":false,"car_5":-0.015582},{"date":"2021-07-02","filed":"2021-07-25","ticker":"FDRXX","issuer":"Fidelity Government Cash Reserves","asset_type":"other","direction":"sell","amount":[1001,15000],"owner":"self","sector":null,"late":false,"trade_id":"H20019152-003","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019152.pdf","in_jurisdiction":false,"car_5":null},{"date":"2021-07-02","filed":"2021-07-25","ticker":"MRIN","issuer":"Marin Software Incorporated","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"self","sector":null,"late":false,"trade_id":"H20019152-004","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019152.pdf","in_jurisdiction":false,"car_5":null},{"date":"2021-07-06","filed":"2021-07-25","ticker":"FBALX","issuer":"Fidelity Balanced","asset_type":"other","direction":"buy","amount":[50001,100000],"owner":"self","sector":null,"late":false,"trade_id":"H20019152-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019152.pdf","in_jurisdiction":false,"car_5":null},{"date":"2021-07-06","filed":"2021-07-25","ticker":"FDRXX","issuer":"FIdelity Government Cash Reserves","asset_type":"other","direction":"sell","amount":[50001,100000],"owner":"self","sector":null,"late":false,"trade_id":"H20019152-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20019152.pdf","in_jurisdiction":false,"car_5":null},{"date":"2024-05-16","filed":"2026-04-06","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Information Technology","late":true,"trade_id":"H20034221-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034221.pdf","in_jurisdiction":false,"car_5":-0.004827},{"date":"2024-08-15","filed":"2026-04-06","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Information Technology","late":true,"trade_id":"H20034221-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034221.pdf","in_jurisdiction":false,"car_5":-0.006721},{"date":"2024-11-14","filed":"2026-04-06","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Information Technology","late":true,"trade_id":"H20034221-003","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034221.pdf","in_jurisdiction":false,"car_5":0.002054},{"date":"2025-02-13","filed":"2026-04-06","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Information Technology","late":true,"trade_id":"H20034221-004","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034221.pdf","in_jurisdiction":false,"car_5":0.028187},{"date":"2025-05-15","filed":"2026-04-06","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Information Technology","late":true,"trade_id":"H20034221-005","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034221.pdf","in_jurisdiction":false,"car_5":-0.03944},{"date":"2025-08-14","filed":"2026-04-06","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Information Technology","late":true,"trade_id":"H20034221-006","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034221.pdf","in_jurisdiction":false,"car_5":-0.011854},{"date":"2025-11-13","filed":"2026-04-06","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Information Technology","late":true,"trade_id":"H20034221-007","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034221.pdf","in_jurisdiction":false,"car_5":0.012484},{"date":"2025-12-01","filed":"2025-12-24","ticker":"PG","issuer":"Procter & Gamble Company","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"spouse","sector":"Consumer Staples","late":false,"trade_id":"H20033691-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2025/20033691.pdf","in_jurisdiction":false,"car_5":0.06014},{"date":"2026-02-12","filed":"2026-03-14","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Information Technology","late":false,"trade_id":"H20034176-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034176.pdf","in_jurisdiction":false,"car_5":-0.003248},{"date":"2026-05-14","filed":"2026-05-31","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Information Technology","late":false,"trade_id":"H20034668-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034668.pdf","in_jurisdiction":false,"car_5":0.027807},{"date":"2026-08-13","filed":"2026-08-18","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"spouse","sector":"Information Technology","late":false,"trade_id":"H20035275-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20035275.pdf","in_jurisdiction":false,"car_5":0.033559}],"tests":[{"id":"T1","reading":"does_not_fit","evidence":"descriptive","summary":"79% of 19 trades were in the lowest disclosure band ($1,001-$15,000).","detail":"Lowest-band share 0.789, 90% Wilson [0.605, 0.902]. No firm-event calendar, so the event-linked size gap was not computed.","estimate":{"label":"Lowest-band share","value":0.789474,"ci":[0.605004,0.901779],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":19,"lowest_band_share":0.789474,"lowest_band_ci":[0.605004,0.901779],"share_over_50k":0.210526,"max_z":0}},{"id":"T2","reading":"open_question","evidence":"statistical","summary":"9 different companies; the effective number of equally sized positions is 5 and trading spans 35% of maximum sector diversity.","detail":"Dollar HHI 0.190 (identified set [0.139, 0.259]); trade-count HHI 0.307 vs. 95th percentile 0.064 of 19 random draws from all congressional trades (p = 0.002). Normalized sector entropy 0.35 [0.16, 0.43]. Top three issuers (FDRXX, MSFT, FBALX) carry at least 33% of dollar volume.","estimate":{"label":"Effective number of issuers","value":5.254699,"ci":[3.86534,7.192209],"ci_level":0.9,"unit":"count"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":19,"issuers":9,"hhi_mid":0.190306,"hhi_bounds":[0.139039,0.258709],"n_eff":5.254699,"hhi_count":0.307479,"peer_benchmark_p95":0.063712,"peer_benchmark_p":0.002,"sector_entropy":0.352413,"sector_entropy_ci":[0.16011,0.428065],"top3_share_lower":0.327555,"top3":["FDRXX","MSFT","FBALX"],"top3_tied_to_events":false}},{"id":"T3","reading":"does_not_fit","evidence":"statistical","summary":"7% of trading days were batches of three or more companies; 11% of trades look routine; 0.0% of trades came within five trading days before a large company-specific move (chance alone: 5.7%).","detail":"Batch-day share 1/14, Wilson [0.02, 0.27]; index of dispersion 1.83 (chi-square p = 5.98e-70); routine share 0.11 (portfolio-routine or Cohen-Malloy-Pomorski two-year rule). Proximity share 0.000 vs. circular-shift null mean 0.057, p = 1.000.","estimate":{"label":"Batch-day share","value":0.071429,"ci":[0.0161,0.265576],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":1,"p_holm":1,"q_bh":1,"robust":null,"robustness":[],"sources":[],"stats":{"n":19,"trade_days":14,"batch_share_trades":0.210526,"batch_day_share":0.071429,"batch_day_ci":[0.0161,0.265576],"dispersion_index":1.829654,"dispersion_p":0,"routine_share":0.105263,"proximity_share":0,"proximity_null_mean":0.057061,"proximity_null_p95":0.157895,"proximity_p":1,"proximity_nonroutine":0,"proximity_routine":0}},{"id":"T4","reading":"open_question","evidence":"statistical","summary":"Across 15 priced trades, purchases and sales moved 0.37% against the trade's direction relative to the market over the next month on average.","detail":"Mean signed CAR(1,21) = -0.0037; 90% KP interval [-0.1481, 0.1406]; t_BMP = 0.03, r-bar = 0.615, t_KP = 0.01, Patell Z = 0.04, Corrado Z = -0.12. Dollar-weighted identified set [-0.0318, 0.0201]. Calendar-time alpha 0.71%/yr (NW t = 0.04, 233 days).","estimate":{"label":"Mean signed 21-day CAR","value":-0.003729,"ci":[-0.148069,0.14061],"ci_level":0.9,"unit":"return"},"power_limited":true,"screen":false,"p_value":0.497363,"p_holm":1,"q_bh":0.982752,"robust":false,"robustness":[{"variant":"Horizon 5 days","reading":"open_question","value":-0.000409},{"variant":"Horizon 63 days","reading":"open_question","value":0.026229},{"variant":"Excluding largest batch date","reading":"open_question","value":0.005528},{"variant":"Self-owned accounts only","reading":"not_assessed","value":-0.029187},{"variant":"Dollar-weighted (bounds)","reading":"open_question","value":0.020114},{"variant":"Calendar-time alpha (annualized)","reading":null,"value":0.007075}],"sources":[],"stats":{"n":15,"theta":-0.003729,"ci":[-0.148069,0.14061],"p":0.497363,"t_kp":0.006729,"rbar":0.615074,"se_cs":0.0164,"se_kp":0.08195,"t_cs":-0.227401,"t_bmp":0.033624,"patell_z":0.03726,"corrado_z":-0.123462,"dollar_weighted_bounds":[-0.031764,0.020114],"calendar_time":{"alpha_daily":0.000028,"se":0.000751,"days":233,"t":0.037369,"p_one_sided":0.485095},"calendar_alpha_ci":[-0.001295,0.001351],"by_horizon":{"5":{"n":15,"theta":-0.000409,"ci":[-0.073396,0.072579],"p":0.494974,"t_kp":0.012826,"rbar":0.615074,"se_cs":0.008293,"se_kp":0.041439,"t_cs":-0.049267,"t_bmp":0.064088,"patell_z":0.067608,"corrado_z":-0.329441},"21":{"n":15,"theta":-0.003729,"ci":[-0.148069,0.14061],"p":0.497363,"t_kp":0.006729,"rbar":0.615074,"se_cs":0.0164,"se_kp":0.08195,"t_cs":-0.227401,"t_bmp":0.033624,"patell_z":0.03726,"corrado_z":-0.123462},"63":{"n":14,"theta":0.026229,"ci":[-0.236093,0.288551],"p":0.444621,"t_kp":0.14202,"rbar":0.615074,"se_cs":0.030641,"se_kp":0.148127,"t_cs":0.856024,"t_bmp":0.686568,"patell_z":0.666987,"corrado_z":0.826249}}}},{"id":"T5","reading":"not_assessed","evidence":"descriptive","summary":"No market-wide shocks or documented events fell within five trading days after the member's trades.","detail":"No market-wide shocks or documented events fell within five trading days after the member's trades.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n_episodes":0}},{"id":"T6","reading":"not_assessed","evidence":"not_computed","summary":"No documentary record of trading arrangements or absence periods was available.","detail":"No documentary record of trading arrangements or absence periods was available.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{}},{"id":"T7","reading":"open_question","evidence":"descriptive","summary":"7 of 20 trades (35.0%) were disclosed late; median lag 23 days.","detail":"Late share 0.350, Wilson [0.202, 0.533]; 90th percentile lag 517 days; longest 690 days.","estimate":{"label":"Late share","value":0.35,"ci":[0.20226,0.533487],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":20,"amendment_rows_excluded":0,"late":7,"late_from_trade":7,"excused_by_notification":0,"late_share":0.35,"late_ci":[0.20226,0.533487],"median_lag":23,"p90_lag":517.1,"max_lag":690,"filings":7,"late_filings":1,"late_priced":7,"timely_priced":8,"late_priced_dates":7}},{"id":"T8","reading":"does_not_fit","evidence":"descriptive","summary":"0% of the member's mapped trading by dollar value was in industries their committees oversee, against 0% for a comparable benchmark.","detail":"Committees HSAP; jurisdiction sectors none. Dollar share 0.000 (identified set [0.000, 0.000], bootstrap 0.000-0.000); benchmarks S&P 500 0.000, congressional peers 0.000.","estimate":{"label":"Jurisdiction excess share","value":0,"ci":[0,0],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":15,"in_jurisdiction_trades":0,"share":0,"share_bounds":[0,0],"share_ci":[0,0],"benchmark_sp500":0,"benchmark_peers":0,"excess":0,"excess_ci":[0,0],"committees":["HSAP"],"jurisdiction_sectors":[]}},{"id":"T9","reading":"not_assessed","evidence":"descriptive","summary":"No legislative events tied to this member's committees.","detail":"No legislative events tied to this member's committees.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{}},{"id":"T10","reading":"not_assessed","evidence":"descriptive","summary":"No documented scrutiny date; the estimated change point in trading activity is shown for reference.","detail":"No documented scrutiny date; the estimated change point in trading activity is shown for reference. Estimated change point 2024-05-16 (permutation p = 0.132).","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"changepoint":"2024-05-16","changepoint_LR":7.598978,"changepoint_p":0.132,"tradeday_rate_before":0.003783,"tradeday_rate_after":0.018771}},{"id":"T11","reading":"does_not_fit","evidence":"statistical","summary":"After adjusting for noise, the member's trades rank at the 45% percentile of 134 members (shrunk estimate -0.28% per trade over a month).","detail":"Empirical Bayes: raw -0.0037, posterior -0.0028 (sd 0.0015); Congress mean -0.0028, between-member variance 0.000000.","estimate":{"label":"Shrunk signed 21-day CAR","value":-0.002769,"ci":[-0.005272,-0.000265],"ci_level":0.9,"unit":"return"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"raw":-0.003729,"posterior_mean":-0.002769,"posterior_sd":0.001522,"congress_mean":-0.002769,"tau2":0,"percentile":0.447761,"members_compared":134,"lower95":-0.005752}},{"id":"T12","reading":"not_assessed","evidence":"descriptive","summary":"None of the member's priced trades was followed within ten trading days by a large abnormal move.","detail":"None of the member's priced trades was followed within ten trading days by a large abnormal move.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":0,"priced":15}},{"id":"T13","reading":"does_not_fit","evidence":"statistical","summary":"47% of trades had another member trading the same stock the same way within a week (chance alone: 38%).","detail":"Co-traded share 0.474; circular-shift null mean 0.378, 95th pct 0.526, p = 0.240. Co-traded signed CAR 0.0057, p = 0.463.","estimate":{"label":"Co-traded share","value":0.473684,"ci":null,"ci_level":null,"unit":"share"},"power_limited":false,"screen":false,"p_value":0.463495,"p_holm":1,"q_bh":0.902015,"robust":true,"robustness":[{"variant":"Without M001157, the member with the most trades, in the co-trade index","value":0.421053,"reading":"does_not_fit"}],"sources":[],"stats":{"n":19,"cotraded_share":0.473684,"null_mean":0.37799,"null_p95":0.526316,"excess_p":0.24,"cotraded_share_wo_top":0.421053,"excess_p_wo_top":0.42,"cotraded_car":0.005696,"cotraded_car_ci":[-0.149034,0.160426],"cotraded_car_p":0.463495}},{"id":"T14","reading":"open_question","evidence":"statistical","summary":"58% of trades were in family accounts; those moved +0.55% in the trade's favour over a month.","detail":"Family signed CAR 0.0055 [-0.1559, 0.1670], t_KP = 0.09; family minus self 0.0347 [0.0076, 0.0694], p = 0.039.","estimate":{"label":"Family-account signed CAR","value":0.005528,"ci":[-0.155941,0.166996],"ci_level":0.9,"unit":"return"},"power_limited":false,"screen":false,"p_value":0.465531,"p_holm":1,"q_bh":0.907865,"robust":null,"robustness":[],"sources":[],"stats":{"family_trades":11,"family_share":0.578947,"owner_unknown":0,"family_car":0.005528,"family_ci":[-0.155941,0.166996],"diff":0.034715,"diff_ci":[0.007588,0.069425],"diff_p":0.038806}},{"id":"T15","reading":"does_not_fit","evidence":"descriptive","summary":"No purchase and sale of the same stock within six months.","detail":"No purchase and sale of the same stock within six months.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"round_trips":0,"share_in_round_trips":0}},{"id":"T16","reading":"does_not_fit","evidence":"descriptive","summary":"No option trades were reported.","detail":"No option trades were reported.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"option_trades":0,"option_share":0}}]}