Thomas H. Kean
Thomas H. Kean (R-NJ) sold $15K-$50K of $BEN (Franklin Resources, Inc. Common Stock) on Sep 3, 2025, part of 8 transactions in this filing (3 buys, 5 sells).
HillSignal flagged 5 timing concerns on this filing — trades that line up closely with related legislative or contract activity.
Price Movement Since Trade
How the largest positions have moved from the trade date to the most recent close.
Showing the 6 largest positions. See every transaction in the table below.
Suspicious Timing Detected
5 flagsRep. Thomas H. Kean sold $1,001 - $15,000 in $ORCL on 2025-09-15 — 51 days before the AI-Related Job Impacts Clarity Act (S3108) was introduced, a bill that could increase compliance burdens for companies like Oracle.
Rep. Thomas H. Kean sold $15,001 - $50,000 in $ORCL on 2025-09-12 — 54 days before the AI-Related Job Impacts Clarity Act (S3108) was introduced, a bill that could increase compliance burdens for companies like Oracle.
Rep. Thomas H. Kean sold $1,001 - $15,000 in $ORCL on 2025-09-15 — 79 days before the No Robot Bosses Act (HR6371) was introduced, a bill aiming to restrict employer use of $AI, potentially impacting Oracle's business.
Rep. Thomas H. Kean sold $15,001 - $50,000 in $ORCL on 2025-09-12 — 82 days before the No Robot Bosses Act (HR6371) was introduced, a bill aiming to restrict employer use of $AI, potentially impacting Oracle's business.
Rep. Thomas H. Kean bought $1,001 - $15,000 in $ICE on 2025-09-25 — 81 days before the Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025 (HR3383) was introduced, a bill that could increase capital access for private equity firms, which Intercontinental Exchange Inc. may benefit from.
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 | $DHR | Danaher Corporation Common Stock | $1K-$15K | $199.44 | — | — | Sep 3, 2025 |
| BUY | $FNV | Franco-Nevada Corporation | $1K-$15K | $190.00 | — | — | Sep 3, 2025 |
| BUY | $ICE | Intercontinental Exchange Inc. Common Stock | $1K-$15K | $167.28 | — | — | Sep 25, 2025 |
| SELL | $BEN | Franklin Resources, Inc. Common Stock | $15K-$50K | $25.53 | — | — | Sep 3, 2025 |
| PARTIAL SELL | $MKL | Markel Group Inc. Common Stock | $15K-$50K | $1,954.07 | — | — | Sep 12, 2025 |
| PARTIAL SELL | $ORCL | Oracle Corporation Common Stock | $15K-$50K | $302.14 | — | — | Sep 12, 2025 |
| PARTIAL SELL | $SYK | Stryker Corporation Common Stock | $15K-$50K | $383.34 | — | — | Sep 12, 2025 |
| PARTIAL SELL | $ORCL | Oracle Corporation Common Stock | $1K-$15K | $302.14 | — | — | Sep 15, 2025 |
Connected Legislative Activity
10 signalsThese bills and contracts share tickers or sectors with this filing's trades.
Strengthening Agency Management and Oversight of Software Assets Act
H.R. 5457, the Strengthening Agency Management and Oversight of Software Assets Act, passed the House on December 15, 2025, and now moves to the Senate. The bill mandates all federal agencies and IC elements to assess their software inventory and develop management plans within 18 months — creating a direct catalyst for enterprise cloud, consulting, and software asset management services. Primary beneficiaries include the major cloud/enterprise software providers with established federal footprints: $AMZN (AWS), $MSFT (Azure Government), $ORCL (OCI), and $IBM (Red Hat/Consulting). No specific funding is authorized; this is a compliance mandate that will drive agency spending through existing procurement vehicles.
HEAR Act of 2025
The HEAR Act of 2025 is an early-stage, unfunded bill with no Senate companion, no committee hearing, and no markup. It proposes Medicare coverage for hearing aids, which would expand the total addressable market for hearing health, but no publicly traded pure-play hearing aid companies are represented in the provided ticker list. The bill has zero legislative momentum and zero appropriated funding, making it a non-event for current market pricing.
Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
HR3383 — the Increasing Investor Opportunities Act — removes SEC restrictions on closed-end fund investments in private funds, directly benefiting private equity managers $BX and $KKR through expanded AUM channels, and exchange operators $CBOE, $ICE, and $NDAQ through increased listing and trading volume. The bill passed committee 41-10 and was considered under rule in December 2025; over the last 30 days, $BX gained +8.31% and $KKR +12.42%, consistent with growing passage expectations.
AI-Related Job Impacts Clarity Act
The AI-Related Job Impacts Clarity Act (S3108) is an early-stage Senate bill requiring quarterly disclosures of AI-driven job changes. It imposes new compliance costs on major AI investors like Microsoft, Alphabet, Amazon, NVIDIA, and Meta without allocating any funding. Market impact is currently low given the bill's procedural status, but the transparency risk is real for AI-heavy companies.
PRICE Act
The PRICE Act (HR6983) is an early-stage, single-sponsor bill requiring large data centers to generate all on-site power from clean sources by 2040. It is stuck in committee with one cosponsor and no authorized funding, giving it near-zero probability of passage in its current form. Data center REITs EQIX and DLR face theoretical long-term cost headwinds, while solar manufacturer FSLR sees incremental demand potential, but no market impact is imminent.
Remote Access Security Act
The Remote Access Security Act introduces a regulatory overhang for the four largest US cloud providers by classifying remote access to AI models and offensive cyber tools as deemed exports, creating compliance burdens and restricting international market access. This early-stage bill has no direct budget impact but signals legislative risk to high-margin AI cloud workloads. Current market data shows mixed reactions across the four hyperscalers, with GOOGL surging 8% over the past week while MSFT and ORCL declined 4.4% and 6.2% respectively.
Roadway Safety Modernization Act of 2025
The Roadway Safety Modernization Act redirects existing HSIP funding ($2.3B/year) to allow state DOTs to purchase telematics, predictive analytics, and ADAS systems. Pure-play telematics ($TRMB) and mapping/ADAS ($MBLY) vendors are direct beneficiaries. Diversified data analytics providers ($VRSK) have secondary exposure. The bill is early-stage — referred to committee — so no immediate revenue impact, but the structural precedent of federalizing safety tech procurement is bullish for the sector.
Employee Profit-Sharing Encouragement Act of 2025
HR6418 is a single-sponsor bill in early legislative stage (referred to Ways and Means). No hearings, no companion bill, no CBO score. The structural link to payroll software providers is indirect and contingent on future legislative action. Market impact is negligible near-term.
No Robot Bosses Act
The No Robot Bosses Act (HR6371) is a procedural early-stage bill with zero near-term market impact. It imposes compliance costs on HR technology vendors but has no funding authorization and has stalled since referral to three committees in December 2025. No actionable trading signal for retail investors at this time.
Fast Track Healthcare Apprenticeships Act
The Fast Track Healthcare Apprenticeships Act (S.3364) mandates a 45-day registration timeline and digital forms for healthcare apprenticeships, reducing labor shortages in the sector. The bill is in early stage (referred to committee), but its bipartisan companion and moderate momentum signal potential passage. AMN Healthcare and Robert Half are positioned to benefit from increased workforce supply and digital implementation demand.
Other Filings by Thomas H. Kean
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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.