Byron Donalds
Byron Donalds (R-FL) sold $1K-$15K of $BRO (Brown & Brown, Inc. Common Stock) on Feb 10, 2026, part of 8 transactions in this filing (4 buys, 4 sells).
HillSignal flagged 4 timing concerns on this filing — trades that line up closely with related legislative or contract activity.
Companies in this filing · 4
Price Movement Since Trade
How the largest positions have moved from the trade date to the most recent close.
Suspicious Timing Detected
4 flagsRep. Donalds sold $1,001 - $15,000 in $PYPL on 2026-02-10, 1 day before the PROTECT Taiwan Act (HR1531) was reported by the House Financial Services Committee.
Rep. Donalds sold $1,001 - $15,000 in $PYPL on 2026-02-10, 1 day before the Community Bank Relief Act (HR7484) was reported, which proposes inflation adjustments to payment card transaction fee thresholds.
These flags identify timing coincidences between stock trades and legislative activity. They do not imply wrongdoing. Click any bill number or ticker to see the full analysis.
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All Transactions
| Type | Ticker | Asset | Amount | Trade Price | Current | Change | Date |
|---|---|---|---|---|---|---|---|
| BUY | $NOW | ServiceNow, Inc. Common Stock | $1K-$15K | $106.48 | $100.44 | -5.7% | Feb 10, 2026 |
| BUY | $NOW | ServiceNow, Inc. Common Stock | $1K-$15K | $106.48 | $100.44 | -5.7% | Feb 10, 2026 |
| BUY | $TTD | The Trade Desk, Inc. - Class A Common Stock | $1K-$15K | $28.13 | $20.54 | -27.0% | Feb 10, 2026 |
| BUY | $TTD | The Trade Desk, Inc. - Class A Common Stock | $1K-$15K | $28.13 | $20.54 | -27.0% | Feb 10, 2026 |
| SELL | $BRO | Brown & Brown, Inc. Common Stock | $1K-$15K | $67.61 | $57.59 | -14.8% | Feb 10, 2026 |
| SELL | $BRO | Brown & Brown, Inc. Common Stock | $1K-$15K | $67.61 | $57.59 | -14.8% | Feb 10, 2026 |
| SELL | $PYPL | PayPal Holdings, Inc. - Common Stock | $1K-$15K | $41.49 | $43.50 | +4.8% | Feb 10, 2026 |
| SELL | $PYPL | PayPal Holdings, Inc. - Common Stock | $1K-$15K | $41.49 | $43.50 | +4.8% | Feb 10, 2026 |
Connected Legislative Activity
10 signalsThese bills and contracts share tickers or sectors with this filing's trades.
Financial Stability Oversight Council Improvement Act of 2025
HR 3682 (Financial Stability Oversight Council Improvement Act) passed the House 2026-02-09 and now has an identical Senate companion bill (S3578). The bill requires FSOC to exhaust alternative actions before designating nonbank financial firms as systemically important, reducing regulatory risk for large nonbank financial companies. This is structurally bullish for Berkshire Hathaway, Blackstone, PayPal, Visa, and Mastercard by lowering odds of future Fed supervision and associated capital requirements.
Buy Now, Pay Later Protection Act of 2025
The Buy Now, Pay Later Protection Act of 2025 (HR6891) is an early-stage bill referred to committee on 2025-12-18. It imposes TILA disclosure and dispute resolution requirements on BNPL lenders, adding compliance costs for Affirm and PayPal while removing a regulatory asymmetry that favored BNPL over traditional card lenders. The bill has no funding authorization and no near-term market impact at current stage.
Combatting Money Laundering in Cyber Crime Act of 2025
HR5877 expands Secret Service authority over digital-asset money laundering and extends FinCEN reporting mandates, increasing compliance burdens for digital asset companies. Pure-play crypto firms ($COIN, $RIOT, $MARA, $BKKT) face higher regulatory risk and costs, while diversified fintech ($PYPL) absorbs impact more easily. Digital asset stocks show 30-day gains but sharp 7-day declines, suggesting market is already pricing in regulatory headwinds.
Pensions for All Act
HR7556 mandates employer-provided retirement plans, structurally bullish for asset managers like BlackRock ($BLK) by expanding AUM. However, the bill is in early stage, referred to three committees in February 2026, with no clear path to passage. Market impact is limited to long-term structural narrative; no near-term catalyst.
PROTECT Taiwan Act
HR1531 (PROTECT Taiwan Act) is an early-stage bill that authorizes no spending and creates only contingent geopolitical risk for major U.S. banks with Asia exposure. Real market data shows C, BAC, and MS are all trading near their 52-week highs with positive momentum over the last 30 days. No immediate market impact; the bill remains in committee.
Main Street Capital Access Act
HR6955 (Main Street Capital Access Act) passed out of the House Financial Services Committee on 2026-04-20 and is now on the Union Calendar. This is the most significant banking deregulation bill of the 119th Congress. It reduces capital requirements, streamlines merger reviews, modernizes the discount window, and promotes de novo bank formation. Large banks, community banks, and fintech lenders all benefit structurally. Market has already priced in initial momentum with broad banking gains over the last 30 days.
PACE Act of 2026
HR 8395 (PACE Act) is an early-stage bill imposing new federal regulatory structure on large money transmitters. Affects $PYPL, $FISV, $GPN directly with compliance costs. $MA and $Visa are not covered providers under the bill's definition. Market has not reacted — bill is in committee with zero legislative momentum.
Digital Commodity Intermediaries Act
The Digital Commodity Intermediaries Act (S.3755) has advanced to the Senate calendar, establishing a CFTC regulatory framework for digital asset intermediaries. This provides regulatory clarity for Coinbase, CME Group, and PayPal as markets have already priced in some regulatory optimism — COIN is up 6% over 30 days, while PYPL has surged 10.37% over the same period despite recent pullbacks. The bill's active status and bipartisan sponsorship from Agriculture Committee Chairman Boozman signal strong legislative momentum.
Streamlining Small Business Contracts Act of 2026
HR7154 is an early-stage bill that would raise the sole source contract threshold for small businesses from $7M to $10M. It was referred to committee on January 20, 2026, with no further action. At this procedural stage, there is zero observable market impact.
Community Bank Relief Act
HR7484 (Community Bank Relief Act) is an early-stage procedural bill that indexes payment card transaction fee thresholds to inflation. It formalizes existing economic adjustments without altering current fee structures, regulatory obligations, or revenue for any payment processor. Market data shows mixed performance across the payment sector unrelated to this legislation. No immediate market impact.
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Data sourced from the U.S. House of Representatives Office of the Clerk Financial Disclosure system. Stock prices from Financial Modeling Prep. Suspicious timing flags identify coincidences between stock trades and legislative activity and do not imply any wrongdoing or illegal activity. This is not financial advice.