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Rep. Josh Gottheimer of New Jersey has disclosed new purchases of AI-linked stocks, and his office says a third party with full investment discretion has managed his investments since before he took office in 2017, CNBC reported, citing financial disclosures.
“Gottheimer is also awaiting approval from Congress of a blind trust. In the meantime, he has taken the extra step of setting up an independent trust,” his spokesman, Haraden Bottomley, said.
The disclosures, released this week, show an Oct. 12 purchase of between $1,001 and $15,000 of Benchmark Electronics stock and an Oct. 26 purchase of up to $15,000 of Applied Materials shares in a jointly owned account, following three earlier purchases of AI chipmaker Advanced Micro Devices. The five AI-linked trades totaled between $5,005 and $75,000, a small slice of the household’s disclosed assets.
Gottheimer, a former Microsoft executive who sits on the House Financial Services subcommittee overseeing AI in finance and co-chairs a commission developing his party’s AI agenda, has long supported restricting congressional stock trading. In July he was one of 13 Democrats who voted for the Stop Insider Trading Act, which would bar lawmakers and their families from buying most individual stocks. The bill passed the House but has not become law.
JBizNews Desk | Washington, D.C.
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