Richard W. Allen
Suspicious Timing Detected
3 flagsRichard W. Allen sold $50,001 - $100,000 in $AWK on 2026-01-14 — 19 days BEFORE HR6668, the "Clean Water Standards for PFAS Act of 2025," which mandates strict EPA PFAS regulations.
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 | Date |
|---|---|---|---|---|
| BUY | Government Security | US Treasury Note 3.5% DUE 01/31/28(Government Security) | $100K-$250K | Jan 26, 2026 |
| BUY | $SPGI | S&P Global Inc. Common Stock | $15K-$50K | Jan 14, 2026 |
| SELL | $AWK | American Water Works Company, Inc. Common Stock | $50K-$100K | Jan 14, 2026 |
| SELL | $PAYX | Paychex, Inc. - Common Stock | $15K-$50K | Jan 14, 2026 |
Connected Legislative Activity
10 signalsThese bills and contracts share tickers or sectors with this filing's trades.
Small Business Dependent Care FSA Opportunity Act
HR7922 (Small Business Dependent Care FSA Opportunity Act) introduces a targeted tax credit for small employers' dependent care FSA startup costs, creating a structural tailwind for FSA administrators like PAYX, ADP, and WEX. The bill is early-stage (referred to Ways & Means) with a net-zero federal revenue impact given the credit structure, limiting near-term urgency but providing a clear medium-term adoption catalyst.
To amend the Water Infrastructure Finance and Innovation Act of 2014 with respect to the total amount of Federal assistance for projects in States experiencing severe drought, regionally and nationally significant projects, and for other purposes.
HR7845 (DROUGHT Act) is an early-stage authorization bill that proposes raising the federal share limit for WIFIA loans from 49% to 90% for water infrastructure projects in severe drought areas serving low-income communities. At referral to two committees with no appropriations, no market-moving catalyst exists. The 2-5% declines in $CWT, $AWK, and $WTRG reflect broader utility sector weakness, not bill-specific sentiment.
Protecting Prudent Investment of Retirement Savings Act
HR2988 mandates that ERISA fiduciaries base 401(k) investment decisions solely on pecuniary factors, functionally eliminating ESG considerations from the $12+ trillion defined contribution market. This introduces near-term regulatory risk for ESG-focused asset managers and data providers, though the bill remains at an early legislative stage (reported to committee, rule assigned).
Water Project Navigators Act
The Water Project Navigators Act (HR7408) creates a federal support mechanism to help disadvantaged communities access water infrastructure funding, but remains in early legislative stages with no appropriated dollars. The bill is bullish for regulated water utilities $WTRG and $AWK, which stand to benefit from accelerated capital deployment and reduced cost burdens on their service territories. Recent market data shows both stocks near the middle of their 52-week ranges, with $WTRG at $39.63 and $AWK at $132.67 after modest recent gains.
Affordable Clean Water Infrastructure Act
HR 6464, the Affordable Clean Water Infrastructure Act, expands federal subsidization for small, rural, and tribal wastewater systems through the Clean Water State Revolving Fund. While early-stage (referred to subcommittee), the mechanism directly lowers capital costs for regulated water utilities like $WTRG and $AWK that own qualifying small systems. The Presidential DPA actions on April 20 add broad pressure on infrastructure materials and utility capital costs, amplifying the benefit of federal subsidization for the water sector.
Clean Water Standards for PFAS Act of 2025
HR 6668 mandates EPA PFAS discharge limits within 3 years with zero federal compliance funding, imposing costs on manufacturers $MMM, $DD, $DOW and water utility $AWK, while benefiting treatment provider $XYL. At $134.88, $AWK trades near the middle of its 52-week range with a flat 30-day trend, reflecting the market's anticipation of utility capex pressure. The bill's early stage suggests limited immediate catalyst, but the regulatory trajectory is clear regardless of this specific legislation's fate.
Ohio River Restoration Program Act of 2026
The Ohio River Restoration Program Act of 2026 (S.3796) is an early-stage authorization bill with zero appropriated funding. Water utilities WTRG and AWK have structural Ohio River Basin exposure but face no immediate market impact. The bill has been referred to committee in the Senate with no further action since introduction.
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "The Fair Credit Reporting Act's Limited Preemption of State Laws".
S.J. Res. 129 is a CRA disapproval resolution nullifying the CFPB's withdrawal of FCRA preemption, reimposing a costly 50-state regulatory patchwork for credit reporting. This directly raises operating expenses for Equifax ($EFX) and FICO ($FICO) as compliance costs increase, and pressures national lenders Capital One ($COF) and American Express ($AXP) to adapt uniform credit systems to state-specific regulations. The bill is on the Senate calendar with fast-track CRA rules, making floor action imminent.
Lower Colorado River Multi-Species Conservation Program Amendment Act of 2025
HR 831 is a procedural bill that creates an interest-bearing Treasury account for non-federal contributions to the Lower Colorado River Multi-Species Conservation Program. It authorizes zero new spending and imposes zero new mandates or regulatory changes. Market impact on regulated water utilities $AWK and $WTRG is negligible — neither company operates in the affected basin states, and the bill changes no earnings levers for either.
Large-Scale Water Recycling Reauthorization Act
The Large-Scale Water Recycling Reauthorization Act extends an existing federal grant program from 5 to 10 years for large water recycling projects. This is an early-stage procedural bill in committee: one hearing held, full legislative path remains. No money is authorized or appropriated. The impact is real but limited to reducing regulatory timing risk for water utilities and sustaining equipment demand for industrial suppliers.
Other Filings by Richard W. Allen
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.