Washington · Established 2026

The Potomac Ledger

Tracking Washington Stock Trades · Decoded Each Week

Congress Edition

Week of 2026-08-31

Sixty-one trades were disclosed this week, headlined by a Pennsylvania senator's seventeen purchases of Goldman Sachs bonds and a Connecticut senator's multi-week exit from a small healthcare stock.

The Big Picture

This week's disclosures show highly concentrated activity from a small group of members. The standout pattern is Sen. Dave McCormick's repeated purchases of Goldman Sachs corporate bonds — a corporate bond is essentially a loan an investor makes to a company in exchange for regular interest payments, generally considered a more conservative instrument than buying the company's stock. On the selling side, healthcare dominated, with Sen. Richard Blumenthal systematically unwinding positions in a small biotechnology company over several weeks. Keep in mind that filings disclosed this week reflect trades made weeks earlier; the STOCK Act allows members up to 45 days between a transaction and its public disclosure.

This Week's Notable Trades

Dave McCormick (R-PA)

Richard Blumenthal (D-CT)

Kelly Louise Morrison (D-MN)

Jared Moskowitz (D-FL)

Michael Rulli (R-OH)

By the Numbers

Most significant potential conflicts this week:

Late to File

Under the STOCK Act, members must disclose trades within 45 days of the transaction date. This week's late filings:

All-time: Across 22,267 total disclosures tracked in this database, 12.3% (2,731) were filed late. The members with the most cumulative late filings are Rep. Sheri Biggs (171), Rep. Julia Letlow (136), Rep. Valerie Hoyle (114), Sen. Thomas H. Tuberville (108), and Rep. Alan Armstrong (96). Late disclosure is a timing compliance matter, not an indication of wrongdoing.

The Fine Print

Data derived from public STOCK Act disclosures. Disclosure date is not the trade date (filings lag 30-45 days). Dollar figures are disclosed ranges, not exact amounts. Conflict-of-interest flags are heuristic "potential overlaps," not assertions of wrongdoing. Not investment advice.

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