{"id":"W000798","trades":[{"date":"2025-02-07","filed":"2026-06-03","ticker":"AMZN","issuer":"Amazon.com, Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"joint","sector":"Consumer Discretionary","late":true,"trade_id":"H20034660-001","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":-0.024425},{"date":"2025-02-07","filed":"2026-06-03","ticker":"AAPL","issuer":"Apple Inc. - Common Stock","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"joint","sector":"Information Technology","late":true,"trade_id":"H20034660-002","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":0.056607},{"date":"2025-02-07","filed":"2026-06-03","ticker":"BAC","issuer":"Bank of America Corporation Common Stock","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"joint","sector":"Financials","late":true,"trade_id":"H20034660-003","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":-0.025337},{"date":"2025-02-07","filed":"2026-06-03","ticker":"BA","issuer":"Boeing Company","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"joint","sector":"Industrials","late":true,"trade_id":"H20034660-004","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":0.011283},{"date":"2025-02-07","filed":"2026-06-03","ticker":"CAT","issuer":"Caterpillar, Inc. Common Stock","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"joint","sector":"Industrials","late":true,"trade_id":"H20034660-005","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":-0.045388},{"date":"2025-02-07","filed":"2026-06-03","ticker":"CVX","issuer":"Chevron Corporation Common Stock","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"joint","sector":"Energy","late":true,"trade_id":"H20034660-006","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":true,"car_5":0.024907},{"date":"2025-02-07","filed":"2026-06-03","ticker":"ETN","issuer":"Eaton Corporation, PLC Ordinary Shares","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"joint","sector":"Industrials","late":true,"trade_id":"H20034660-007","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":-0.034511},{"date":"2025-02-07","filed":"2026-06-03","ticker":null,"issuer":"Exxon Mobil Corporation Common","asset_type":"unknown","direction":"buy","amount":[15001,15001],"owner":"joint","sector":null,"late":true,"trade_id":"H20034660-008","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":null},{"date":"2025-02-07","filed":"2026-06-03","ticker":"FSSL","issuer":"FS Specialty Lending Fund Common Shares of Beneficial Interest","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"joint","sector":null,"late":true,"trade_id":"H20034660-009","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":null},{"date":"2025-02-07","filed":"2026-06-03","ticker":"J","issuer":"Jacobs Solutions Inc. Common Stock","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"joint","sector":"Industrials","late":true,"trade_id":"H20034660-011","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":-0.049471},{"date":"2025-02-07","filed":"2026-06-03","ticker":"LHX","issuer":"L3Harris Technologies, Inc. Common Stock","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"joint","sector":"Industrials","late":true,"trade_id":"H20034660-012","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":-0.045884},{"date":"2025-02-07","filed":"2026-06-03","ticker":"LMT","issuer":"Lockheed Martin Corporation Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"joint","sector":"Industrials","late":true,"trade_id":"H20034660-013","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":-0.051697},{"date":"2025-02-07","filed":"2026-06-03","ticker":"UA","issuer":"Under Armour, Inc. Class C Common Stock","asset_type":"stock","direction":"buy","amount":[1001,15000],"owner":"joint","sector":"Consumer Discretionary","late":true,"trade_id":"H20034660-014","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":-0.023973},{"date":"2025-02-07","filed":"2026-06-03","ticker":"WFC","issuer":"Wells Fargo & Company Common Stock","asset_type":"stock","direction":"buy","amount":[15001,50000],"owner":"joint","sector":"Financials","late":true,"trade_id":"H20034660-016","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":-0.026837},{"date":"2026-02-10","filed":"2026-06-03","ticker":"UA","issuer":"Under Armour, Inc. Class C Common Stock","asset_type":"stock","direction":"sell","amount":[1001,15000],"owner":"joint","sector":"Consumer Discretionary","late":true,"trade_id":"H20034660-015","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":-0.134012},{"date":"2026-06-01","filed":"2026-06-03","ticker":"FSSL","issuer":"FS Specialty Lending Fund Common Shares of Beneficial Interest","asset_type":"stock","direction":"sell","amount":[15001,50000],"owner":"joint","sector":null,"late":false,"trade_id":"H20034660-010","source":"house_clerk","source_url":"https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2026/20034660.pdf","in_jurisdiction":false,"car_5":null}],"tests":[{"id":"T1","reading":"open_question","evidence":"descriptive","summary":"33% of 15 trades were in the lowest disclosure band ($1,001-$15,000).","detail":"Lowest-band share 0.333, 90% Wilson [0.173, 0.545]. No firm-event calendar, so the event-linked size gap was not computed.","estimate":{"label":"Lowest-band share","value":0.333333,"ci":[0.172775,0.544828],"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,"lowest_band_share":0.333333,"lowest_band_ci":[0.172775,0.544828],"share_over_50k":0,"max_z":0}},{"id":"T2","reading":"open_question","evidence":"statistical","summary":"13 different companies; the effective number of equally sized positions is 11 and trading spans 53% of maximum sector diversity.","detail":"Dollar HHI 0.091 (identified set [0.077, 0.150]); trade-count HHI 0.084 vs. 95th percentile 0.076 of 15 random draws from all congressional trades (p = 0.022). Normalized sector entropy 0.53 [0.00, 0.60]. Top three issuers (FSSL, BA, BAC) carry at least 10% of dollar volume.","estimate":{"label":"Effective number of issuers","value":10.999524,"ci":[6.652722,12.997156],"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":15,"issuers":13,"hhi_mid":0.090913,"hhi_bounds":[0.07694,0.150314],"n_eff":10.999524,"hhi_count":0.084444,"peer_benchmark_p95":0.075556,"peer_benchmark_p":0.022,"sector_entropy":0.530164,"sector_entropy_ci":[0,0.598461],"top3_share_lower":0.100885,"top3":["FSSL","BA","BAC"],"top3_tied_to_events":false}},{"id":"T3","reading":"does_not_fit","evidence":"statistical","summary":"33% of trading days were batches of three or more companies; 0% of trades look routine; 0.0% of trades came within five trading days before a large company-specific move (chance alone: 6.5%).","detail":"Batch-day share 1/3, Wilson [0.08, 0.75]; index of dispersion 11.39 (chi-square p = 0); routine share 0.00 (portfolio-routine or Cohen-Malloy-Pomorski two-year rule). Proximity share 0.000 vs. circular-shift null mean 0.065, p = 1.000.","estimate":{"label":"Batch-day share","value":0.333333,"ci":[0.078266,0.746466],"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":15,"trade_days":3,"batch_share_trades":0.866667,"batch_day_share":0.333333,"batch_day_ci":[0.078266,0.746466],"dispersion_index":11.389443,"dispersion_p":0,"routine_share":0,"proximity_share":0,"proximity_null_mean":0.064796,"proximity_null_p95":0.266667,"proximity_p":1,"proximity_nonroutine":0,"proximity_routine":0}},{"id":"T4","reading":"open_question","evidence":"statistical","summary":"Across 13 priced trades, purchases and sales moved 0.43% against the trade's direction relative to the market over the next month on average.","detail":"Mean signed CAR(1,21) = -0.0043; 90% KP interval [-0.0535, 0.0450]; t_BMP = -0.08, r-bar = 0.072, t_KP = -0.05, Patell Z = -0.08, Corrado Z = 0.15. Dollar-weighted identified set [-0.0542, 0.0227].","estimate":{"label":"Mean signed 21-day CAR","value":-0.004266,"ci":[-0.053549,0.045017],"ci_level":0.9,"unit":"return"},"power_limited":true,"screen":false,"p_value":0.521202,"p_holm":1,"q_bh":0.982752,"robust":false,"robustness":[{"variant":"Horizon 5 days","reading":"open_question","value":-0.028364},{"variant":"Horizon 63 days","reading":"open_question","value":0.011638},{"variant":"Excluding largest batch date","reading":"not_assessed","value":null},{"variant":"Self-owned accounts only","reading":"open_question","value":-0.004266},{"variant":"Dollar-weighted (bounds)","reading":"open_question","value":0.022671}],"sources":[],"stats":{"n":13,"theta":-0.004266,"ci":[-0.053549,0.045017],"p":0.521202,"t_kp":-0.054291,"rbar":0.071655,"se_cs":0.019536,"se_kp":0.027652,"t_cs":-0.218373,"t_bmp":-0.076844,"patell_z":-0.075287,"corrado_z":0.150453,"dollar_weighted_bounds":[-0.054176,0.022671],"calendar_time":null,"calendar_alpha_ci":[null,null],"by_horizon":{"5":{"n":13,"theta":-0.028364,"ci":[-0.059954,0.003225],"p":0.931281,"t_kp":-1.591699,"rbar":0.071655,"se_cs":0.012522,"se_kp":0.017724,"t_cs":-2.26511,"t_bmp":-2.252924,"patell_z":-2.82369,"corrado_z":-3.005702},"21":{"n":13,"theta":-0.004266,"ci":[-0.053549,0.045017],"p":0.521202,"t_kp":-0.054291,"rbar":0.071655,"se_cs":0.019536,"se_kp":0.027652,"t_cs":-0.218373,"t_bmp":-0.076844,"patell_z":-0.075287,"corrado_z":0.150453},"63":{"n":13,"theta":0.011638,"ci":[-0.072974,0.096249],"p":0.467128,"t_kp":0.084238,"rbar":0.071655,"se_cs":0.03354,"se_kp":0.047474,"t_cs":0.346972,"t_bmp":0.119232,"patell_z":0.094029,"corrado_z":1.225409}}}},{"id":"T5","reading":"open_question","evidence":"statistical","summary":"Before 1 large market moves, the member's net trading pointed the right way 1 times.","detail":"Hit rate 1.00, Clopper-Pearson 90% [0.05, 1.00]; exact one-sided p = 0.500; magnitude-weighted sign-flip p = 0.501. Episodes: benchmark days beyond three rolling standard deviations with trades in the prior five trading days, plus documented episodes when supplied.","estimate":{"label":"Hit rate","value":1,"ci":[0.05,1],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":0.5,"p_holm":1,"q_bh":1,"robust":null,"robustness":[],"sources":[],"stats":{"n_episodes":1,"hits":1,"hit_rate":1,"ci":[0.05,1],"p_exact":0.5,"p_magnitude":0.5011,"episodes":[{"event_date":"2026-06-05","move":-0.025809,"dir":-1,"robust":true,"n_trades":1,"post_news_trades":0,"kind":"market"}]}},{"id":"T6","reading":"not_assessed","evidence":"statistical","summary":"Trading arrangement: not documented; trading during absence ran at nan times the normal rate.","detail":"Trading arrangement: not documented; trading during absence ran at nan times the normal rate.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"rate_ratio":null,"rate_ratio_ci":[0,null],"rate_ratio_batchdays":null,"rate_ratio_batchdays_ci":[0,null],"absence_days":0,"trades_in_absence":0}},{"id":"T7","reading":"does_not_fit","evidence":"descriptive","summary":"0 of 16 trades (0.0%) were disclosed late; median lag 481 days. Another 15 were over 45 days from the trade but filed within 30 days of the stated notification date.","detail":"Late share 0.000, Wilson [0.000, 0.145]; 90th percentile lag 481 days; longest 481 days.","estimate":{"label":"Late share","value":0,"ci":[0,0.144639],"ci_level":0.9,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":false,"robustness":[{"variant":"Late from the trade date alone, ignoring notification dates","value":0.9375,"reading":"open_question"}],"sources":[],"stats":{"n":16,"amendment_rows_excluded":0,"late":0,"late_from_trade":15,"excused_by_notification":15,"late_share":0,"late_ci":[0,0.144639],"median_lag":481,"p90_lag":481,"max_lag":481,"filings":1,"late_filings":0,"late_priced":0,"timely_priced":13,"late_priced_dates":0}},{"id":"T8","reading":"does_not_fit","evidence":"descriptive","summary":"10% of the member's mapped trading by dollar value was in industries their committees oversee, against 3% for a comparable benchmark.","detail":"Committees HSED, HSII; jurisdiction sectors Copper, Education Services, Gold, Human Resource & Employment Services, Integrated Oil & Gas, Oil & Gas Exploration & Production, Timber REITs. Dollar share 0.105 (identified set [0.032, 0.287], bootstrap nan-nan); benchmarks S&P 500 0.032, congressional peers 0.022.","estimate":{"label":"Jurisdiction excess share","value":0.072854,"ci":null,"ci_level":null,"unit":"share"},"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":13,"in_jurisdiction_trades":1,"share":0.104537,"share_bounds":[0.031581,0.287337],"share_ci":[null,null],"benchmark_sp500":0.031683,"benchmark_peers":0.022371,"excess":0.072854,"excess_ci":[null,null],"committees":["HSED","HSII"],"jurisdiction_sectors":["Copper","Education Services","Gold","Human Resource & Employment Services","Integrated Oil & Gas","Oil & Gas Exploration & Production","Timber REITs"]}},{"id":"T9","reading":"not_assessed","evidence":"descriptive","summary":"1 priced trades fell in affected industries in the 30 days before the member's committee events and 12 did not; at least 10 of each are needed to compare them.","detail":"1 priced trades fell in affected industries in the 30 days before the member's committee events and 12 did not; at least 10 of each are needed to compare them.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"n":1,"n_other":12,"events":4625}},{"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 2025-02-10 (permutation p = 0.078).","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"changepoint":"2025-02-10","changepoint_LR":7.86225,"changepoint_p":0.078,"tradeday_rate_before":1,"tradeday_rate_after":0.005865}},{"id":"T11","reading":"does_not_fit","evidence":"statistical","summary":"After adjusting for noise, the member's trades rank at the 41% percentile of 134 members (shrunk estimate -0.28% per trade over a month).","detail":"Empirical Bayes: raw -0.0043, 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":-0.004266,"posterior_mean":-0.002769,"posterior_sd":0.001522,"congress_mean":-0.002769,"tau2":0,"percentile":0.410448,"members_compared":134,"lower95":-0.005752}},{"id":"T12","reading":"open_question","evidence":"statistical","summary":"1 trades were followed within two weeks by a large company-specific move; 0 were on the profitable side.","detail":"Hit rate 0.00, Clopper-Pearson [0.00, 0.95], exact one-sided p = 1.000; threshold |AR| > 3 sigma.","estimate":{"label":"Hit rate","value":0,"ci":[0,0.95],"ci_level":0.9,"unit":"share"},"power_limited":true,"screen":false,"p_value":1,"p_holm":1,"q_bh":1,"robust":null,"robustness":[],"sources":[],"stats":{"n":1,"hits":0,"hit_rate":0,"ci":[0,0.95],"priced":13,"share_followed":0.076923}},{"id":"T13","reading":"does_not_fit","evidence":"statistical","summary":"33% of trades had another member trading the same stock the same way within a week (chance alone: 22%).","detail":"Co-traded share 0.333; circular-shift null mean 0.224, 95th pct 0.533, p = 0.240. Co-traded signed CAR -0.0353, p = 0.754.","estimate":{"label":"Co-traded share","value":0.333333,"ci":null,"ci_level":null,"unit":"share"},"power_limited":false,"screen":false,"p_value":0.75378,"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":0.333333,"reading":"does_not_fit"}],"sources":[],"stats":{"n":15,"cotraded_share":0.333333,"null_mean":0.224242,"null_p95":0.533333,"excess_p":0.24,"cotraded_share_wo_top":0.333333,"excess_p_wo_top":0.25,"cotraded_car":-0.035261,"cotraded_car_ci":[-0.116174,0.045653],"cotraded_car_p":0.75378}},{"id":"T14","reading":"not_assessed","evidence":"descriptive","summary":"No trades were reported in a spouse's or dependent's name.","detail":"No trades were reported in a spouse's or dependent's name.","estimate":null,"power_limited":false,"screen":false,"p_value":null,"p_holm":null,"q_bh":null,"robust":null,"robustness":[],"sources":[],"stats":{"family_trades":0,"owner_unknown":0}},{"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}}],"episodes":[{"title":"Market move on 2026-06-05","event_date":"2026-06-05","direction":"sell","move_pct":-2.58,"trade":"1 trade(s) in the prior five trading days","verdict":"Right way","event":"S&P 500 (SPY) daily move","source_url":null}]}