US representative Rob Bresnahan, the first Republican, has become the most active trader in Pennsylvania’s congress delegation, even when he strives to prohibit practice.
Despite the introduction of a home account to prohibit trade in congress actions in MayBresnahan has submitted 617 shares transactions with a total value of USD 7.24 million this year, according to the research company for investment research Quantitative Quiver. He placed about five times more transactions than the next most active trader in a delegation, a first -year student of Republican Dave McCormick, former general director of Bridgewater, the largest hedge fund in the world.
Bresnahan overthrided the 8th Congress district of Pennsylvania in 2024 with a narrow win of 1.6 points. It will be one of the most competitive seats in 2026, and the Democrats are already attracting their hopes for regaining a place to escalate the controversy regarding the transaction of the first -year legislator. Even some Republicans are concerned that Bresnahan’s trade can hinder his re -election prospects.
This headlight delicate will not disappear in the near future. Last month, the Senate Commission developed the project of the Republican senator Missouri Josh Hawley to prohibit the members of the Congress from trade. And in the north -eastern Pennsylvania, the environmental group began broadcasting television ads on Thursday against Bresnahan in his trade.
Before Congress, Bresnahan was the general director of his family company dealing with electrical contracts and invested heavily on the stock exchange, having 492 individual shares, in accordance with his Report on the disclosure of financial information. According to the latest estimates, it now has a net value of $ 48 million Quantitative Quiver.
After criticizing his transactions in April, Bresnahan announced Power That he would establish blind trust, a movement that would formally remove control over how his money is managed.
But at the end of last month, Bresnahan said that the transfer of property to the blind trust turned out to be too hard in accordance with the principles of the Ethical Commission of the Chamber and rejected the idea of directing his financial advisers to stop trading in this way. Multimilioner said Scranton-Area Station WVIA He would risk “rinsing” if he stopped trading, a comment that caused renovated criticism.
“And then do it?” Bresnahan said Wvia. “Just leave it all on the accounts and just leave it there, lose money and go rinsed?”
Bresnahan has repeatedly defined that he is not trading his own supplies. “I think you need to know that transactions are made on my behalf. I don’t have any dialogues with my financial advisers,” said Bresnahan in response to the question during June 10 Telephone town hall.
Bresnahan’s spokesman, Hannah Pope, said she was focusing on her voters, not personal financial benefits. She rejected the media’s attention to his transactions.
“He focuses on serving the working families of northern Pennsylvania. People here care about safe streets, permanent workplaces, better roads and bridges and the quality of life, which maintains strong families. Rob is involved in these local priorities. He is not interested in political games or talks in Washington,” wrote Pape.
His largest trade days in Congress, from to 171 transactions in one day, converge with politically consistent moments, including the president “Liberation Day” tariffs Announcement and voting to the transition of a “great beautiful Bill”.
Sales of Bresnahan in the amount of May 15 from $ 1 001 to USD 15,000, the largest organization of Medicaid management care in this country, has recently been criticized by Joe Rogan on A July 18 Episode Experience Joe Rogan for alleged confidential trade.
“Everyone wants to use Nancy Pelosia as an example … But if you look at the actual trade in confidential information that it is red and blue,” said Rogan after learning about the trade of Centene Bresnahan.
Podcast Rogan attracts millions of listeners, and his support for Trump last year is widely attributed to helping the president to call younger men.
Republicans are worried that Bresnahan trade will turn off the type of voter they need to keep these swing districts.
“Regardless of whether he is aware of this or not his constant factors in this matter, they make him an even more encouraging goal for democrats,” said Chris Nicholas, a political consultant of GOP.
“I don’t know what he is doing but rejects his place,” said another GOP consultant in Pennsylvania, who did not want to be publicly called criticizing his party.
The strategist said it is especially frustrating because the transactions are under his control.
On Thursday, the Action Fund of the Natural Resources Defense Council published a television and digital advertisement in the 8th district, hitting Bresnahan to buy oil shares and sell the Clean Energy shares on May 15, and then voting for “Big Beautiful Bill” a week later. ADVERTISING claims that “she did like a bandit”, while supporting the rules that threaten the work of tidy energy in northern Pennsylvania.
Bresnahan in May 15 transactions included sectors such as Biotech, Real Estate and Aerospace, but the criticism of the modern advertisement focuses on its sale of seven pure energy shares, including companies involved in hydrogen and bright production, and the purchase of six oil and gas supplies on the same day.
“It’s not just about the extremely convenient time of your action transactions. It’s about his lack of care for the people he represents, who will pay more, while their Congresmen will get rich,” said Christy Goldfuss, executive director of the GDRDC Action Fund.
Small television and digital purchase – about USD 150,000 on a cable, is the first advertisement that directly managed Bresnahan trade and can be more preview.
Democrat has not yet announced an escape in Bresnahan’s district, but a representative of Bridget Kosierowski, the mayor of Pittston Mike Lombardo, senator of state Marta Flynn and the mayor of Scranton Paige Cognetti, apparently. The party will probably spend the main resources to recover the place earlier in which the democrat of Matt Carwright is in force.
“Bresnahan made hundreds of stock exchange transactions with a value of millions of dollars, playing in the markets, voting to screw on the hard-working families of Nep. … And that’s why he will be one of them a member of the Congress,” said Eli Cousin, spokesman for the Democratic Committee of the Congress Campaign.
In Washington, he took on concentration on congress actions, and Rep. Anna Paulina Luna (R., Florida) said that she would submit a assembly Petition with writing To force voting at home regarding the ban on trading congress actions this fall. Republican legislators in Pennsylvania are also considering the problem.
“I do not have action – a dot. Everyone in Congress for reasons other than the leadership of service and saving/strengthening our democratic republic must return home. The public service concerns what you can give, not what you can get,” wrote USA representative Scott Perry (R., Pa.) X Publish his personal account on Monday. Perry scored a place with only 1.2 points in 2024, which makes him another main goal for Democrats in the upcoming cycle.
In the same tweet, Perry called the members of the Chamber to bring the trust act, a double -sided account prohibiting trade in actions for members of the congress and their families to the floor.
Bresnahan introduced his own account prohibition in the Chamber, which has been overshadowed because members of the Chamber with a longer number of people push alternative provisions, such as the trust act.
During the campaign trail, Bresnahan published last year Letter to the editor In the Republican Herald, Pottsville calls for bilateral ban on trading congress actions.
“Regardless of whether they did something bad, the idea that we can buy and sell shares when voting on regulations that will have a direct impact on these companies is bad and must end immediately,” wrote Bresnahan in letter.
