Nancy Pelosi
Nancy Pelosi (D-CA) bought $500K-$1M of $NVDA (NVIDIA Corporation - Common Stock (NVDA) [ST]) on Dec 20, 2024, part of 9 transactions in this filing (7 buys, 2 sells).
HillSignal flagged 5 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.
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5 flagsRep. Pelosi bought $250K-$500K in $GOOGL, AMZN, and NVDA on Jan 14, 2025 — 23 days before HR1062 (Growing and Preserving Innovation in America Act) was introduced, a bill that would permanently lock in tax deductions for US multinationals, directly benefiting these tech giants.
Rep. Pelosi bought $500K-$1M in $NVDA on Dec 20, 2024 — 48 days before HR1062 was introduced, adding to a pattern of $NVDA purchases ahead of legislation that would lower its tax burden on foreign IP income.
Rep. Pelosi sold $5M-$25M in $AAPL on Dec 31, 2024 — 36 days before S409 (No Tax Breaks for Outsourcing Act) was introduced, a bill that would raise taxes on multinationals' foreign profits, making a bearish position on Apple logically timed.
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 | $NVDA | NVIDIA Corporation - Common Stock (NVDA) [ST] | $500K-$1M | $131.76 | $198.19 | +50.4% | Dec 20, 2024 |
| BUY | $NVDA | NVIDIA Corporation - Common Stock (NVDA) [OP](Stock Option) | $250K-$500K | $131.76 | $198.19 | +50.4% | Jan 14, 2025 |
| BUY | $GOOGL | Alphabet Inc. - Class A Common Stock (GOOGL) [OP](Stock Option) | $250K-$500K | $189.66 | $356.13 | +87.8% | Jan 14, 2025 |
| BUY | $AMZN | Amazon.com, Inc. - Common Stock (AMZN) [OP](Stock Option) | $250K-$500K | $217.76 | $238.69 | +9.6% | Jan 14, 2025 |
| BUY | $TEM | Tempus AI, Inc. - Class A Common Stock (TEM) [OP](Stock Option) | $50K-$100K | $31.83 | $57.36 | +80.2% | Jan 14, 2025 |
| BUY | $VST | Vistra Corp. Common Stock(Stock Option) | $500K-$1M | $170.51 | $161.24 | -5.4% | Jan 14, 2025 |
| BUY | $PANW | Palo Alto Networks, Inc.(Stock Option) | $1M-$5M | $186.78 | $340.45 | +82.3% | Dec 20, 2024 |
| PARTIAL SELL | $NVDA | NVIDIA Corporation - Common Stock | $1M-$5M | $131.76 | $198.19 | +50.4% | Dec 31, 2024 |
| PARTIAL SELL | $AAPL | Apple Inc. - Common Stock | $5M-$25M | $250.42 | $289.12 | +15.5% | Dec 31, 2024 |
Connected Legislative Activity
6 signalsThese bills and contracts share tickers or sectors with this filing's trades.
No Tax Breaks for Outsourcing Act
The No Tax Breaks for Outsourcing Act (S409) would eliminate tax deferral on foreign profits for U.S. multinationals, increasing effective tax rates by 5-8 percentage points. The bill is in early stages (referred to Senate Finance Committee, 19 cosponsors) and poses a 4-8% annual net income headwind for high international-exposure companies. Despite 8-30% rallies in the last 30 days across MSFT, AAPL, GOOGL, KO, PG, XOM, and CVX, this legislative risk is not currently priced into valuations.
American Innovation and R&D Competitiveness Act of 2025
HR1990, the American Innovation and R&D Competitiveness Act, would restore immediate expensing for R&D costs, reversing the 2022 tax code change that required 5/15-year amortization. This is an early-stage bill referred to Ways and Means with 81 cosponsors, but if enacted, it would provide a direct 21% tax-rate cash flow benefit annually to every R&D-intensive US company. The largest absolute beneficiaries are mega-cap tech and pharma firms with $10B+ annual R&D budgets.
Health Care Providers Safety Act of 2025
HR 612 is an early-stage authorization bill with zero appropriated funding. Market impact is minimal until a separate appropriations bill passes. The bill signals Congressional intent to support healthcare security spending but creates no immediate revenue for cybersecurity or physical security companies.
Growing and Preserving Innovation in America Act of 2025
HR1062 permanently locks in higher FDII and GILTI deductions for US multinationals, preventing a ~3.3 ppt effective tax rate increase on foreign IP income scheduled for 2026. This directly boosts after-tax net income for companies with large international revenue streams, including MSFT, AAPL, GOOGL, AMZN, NVDA, JNJ, PFE, KO, and PG. The bill is in early committee stage — structural impact is contingent on passage through the 119th Congress.
Content Origin Protection and Integrity from Edited and Deepfaked Media Act of 2025
S. 1396 (Content Origin Protection Act) is an early-stage bill requiring content provenance labeling for AI-generated content. It has not advanced beyond committee since April 2025 and carries no authorized funding. Adobe ($ADBE) is structurally positioned as a beneficiary if the bill gains momentum due to its existing C2PA/Content Credentials alignment, but the legislative path is long and uncertain. Major platform operators (GOOGL, META, MSFT, AMZN) face compliance costs that are immaterial relative to their scale.
Digital Integrity in Democracy Act
The Digital Integrity in Democracy Act (S. 840) removes Section 230 immunity for social media platforms hosting false election administration information, directly increasing legal and operational costs for META and GOOGL. The bill is in early legislative stages (referred to committee) with limited momentum (4 cosponsors, no companion), so near-term market impact is moderate but structurally negative. META's current price of $603.33 reflects a 10.62% 7-day decline; GOOGL at $368.85 has rallied 28.27% in 30 days but faces specific YouTube liability risk.
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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.