NEW Congress Net Worth Tracking Dashboard

Last week we saw mass buying by a notable Congress trader, a potential TikTok ban officially passed in the Senate, and we added a new Congressional net-worth tracking dashboard to our our available datasets.

Here’s a rundown of what else we’ve seen in the data recently.

NEW - CONGRESS LIVE NET WORTH  

We just launched a new dashboard using our data on politicians' stock portfolios to calculate live net worth estimates for members of Congress.

Rick Scott currently has the highest net worth of all members of Congress based on our estimations at $326.77M, below is a breakdown of some of his notable assets.

Nancy Pelosi comes in at number 2 with a net worth of $242.79M and is an infamously successful stock and options trader. Some of her portfolio highlights are below.

Check out the new dashboard for a full breakdown. 

LAST WEEK’S CONGRESSIONAL TRADES 

• Representative Dan Newhouse filed 20 new security purchases including Raytheon (RTX), Honeywell (HON), and Analog Devices (ADI). He also filed 11 sales, including Proctor and Gamble (PG) and Nvidia (NVDA).

• Senator Sheldon Whitehouse filed sales of Unilever (UL) and Comcast (CMCSA). Whitehouse sits on the Committees on Finance and Budget.

• Senator Ted Cruz filed a sale of Goldman Sachs (GS). This is his first reported stock trade since 2019.

• Representative Jonathan L. Jackson filed 3 security sales and 2 purchases - including a sale of Intel (INTC), which has slid almost 25% in the months since the trade took place. Jackson sits on the Committee on Foreign Affairs.

• Representative C. Scott Franklin filed 2 sales of BRP Group (BRP). Franklin sits on the Committee on Appropriations.

To see more details about their trades, and how they’ve performed since, check out our Congress Trading Dashboard. 

Quiver Strategies

3 of our strategies based on individuals’ trading have done exceptionally well in the markets in the last 3 months:

Dan Meuser’s strategy is up 24.55%.

Sheldon Whitehouse’s strategy is up 9.1%.

Bill Ackman’s strategy is up 8.72%.

You can try out features like this for yourself with Quiver Premium - as well as implement these strategies into your own portfolio manually or with copytrading.

U.S. Senate Passes Bill Mandating TikTok Divestiture, Eyes National Security

The U.S. Senate has passed a pivotal piece of legislation that mandates the divestiture of TikTok by its Chinese parent company, ByteDance, setting a strict deadline of nine months to a year for compliance. This move is part of broader U.S. efforts to mitigate national security risks perceived to be associated with the Chinese government's potential access to American data through the app. The bill, which has already cleared the U.S. House of Representatives, enjoys bipartisan support and is expected to be signed into law by President Joe Biden. The legislation reflects growing concerns among U.S. lawmakers about the influence of Chinese technology companies in America, with Senator Marco Rubio highlighting the necessity of removing Chinese control over such a widely used app.

The divestment bill is part of a larger narrative of tech and internet warfare between Washington and Beijing, evidenced last week when Apple (AAPL) was reportedly compelled by Beijing to remove certain apps from its store in China. This ongoing tug-of-war over digital sovereignty and security has prompted a vigorous response from TikTok and its users. The company plans to challenge the bill on the grounds of the First Amendment, and the American Civil Liberties Union has warned that banning or forcing the divestiture of TikTok could set a dangerous precedent for government control over social media platforms globally.

Continued on our News Feed.