GoKawiilGottheimer discloses new AI chip stock buys after backing trading ban vote
Rep. Josh Gottheimer disclosed purchases of Benchmark Electronics and Applied Materials stock in October, adding to earlier buys of AMD shares, according to a congressional filing released this week. The trades came months after he voted in July for the Stop Insider Trading Act, which would bar lawmakers and their families from owning individual stocks. His office says the investments are managed by a third party with full discretion while he awaits approval of a blind trust.
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Gottheimer sits on a House Financial Services subcommittee overseeing AI in finance and co-chairs a Democratic AI policy commission, so his personal stock activity in that sector could draw scrutiny as Democrats prepare to take control of Congress and expand oversight of AI companies. The episode highlights a broader tension in Congress between lawmakers' public support for trading restrictions and their continued personal investment activity, even when delegated to third parties.
- Gottheimer bought AI-linked stocks including Benchmark Electronics, Applied Materials and AMD in October.
- He was one of only 13 Democrats to vote for a bill banning congressional stock trading in July.
- His office says a third party with full discretion manages his investments pending a blind trust.
Source: cnbc.com — Luke Fountain, 2026-11-07
Published there as: “Democrat shaping AI policy bought chip stocks despite backing congressional trading ban”
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