A prominent Democrat shaping U.S. artificial intelligence policy recently acquired shares in chip manufacturing companies, including Nvidia, according to financial disclosures. The purchases contradict the lawmaker's public advocacy for a comprehensive ban on congressional stock trading.
Nvidia, which closed at $186.64, rose 2.8 percent on the Nasdaq. The company's high-performance chips are central to AI infrastructure and sensitive to federal policy decisions.
The timing of the trades aligns with significant congressional activity on AI, including hearings and policy drafting sessions. Advocates for a trading ban argue such investments create conflicts of interest and erode public trust in lawmakers who vote on regulation affecting their holdings.
The House Ethics Committee is scheduled to hold a hearing on congressional trading reforms on November 21. The session will address proposals for stricter disclosure requirements and potential divestment mandates for lawmakers.
