DFS Congressional Stock Trades

Coldpine has parsed 15 disclosed trades in $DFS by 4 members of Congress, drawn from 13 periodic transaction reports dated Mar 3, 2023 through Mar 6, 2025. All of them came from House members, filed 8 by Democrats and 7 by Republicans.

Of the 15 trades with a known filing lag, 1 was reported more than 45 days after the trade date, outside the window the STOCK Act sets. The median lag was 21 days. The longest was 157 days: a $DFS purchase by Rohit Khanna dated Mar 3, 2023, disclosed Aug 7, 2023. How late filing is measured across all of Congress is in the late-filers study.

14 of the 15 trades that list an account holder (93%) were reported under a spouse, dependent child, or joint account rather than the member directly.

Rohit Khanna filed the most $DFS purchases (5), and Michael T. McCaul the most sales (3).

Activity peaked in 2023 with 8 trades.

Across the 7 purchases Coldpine can price, $DFS moved -3.20% on average between the trade date and the disclosure date, against +2.31% for the S&P 500 over the same windows. The stock was higher at disclosure than at the trade in 29% of those purchases. That is a record of what already happened, not a forecast. Method: what stocks do before Congress discloses.