Late Disclosure Rate Hits 20% as Moskowitz Leads August Trading

One in five trades filed this week missed the 45-day disclosure window required by the STOCK Act. That is the headline from the August 22-29 period, when five trades crossed the desk of three lawmakers.

The single late filing came from John Boozman, the Arkansas Republican who chairs the Senate Agriculture Committee. Boozman reported a sale of W.W. Grainger, Inc. (GWW) after the statutory deadline. The STOCK Act mandates disclosure within 45 days of a trade; violations carry no automatic penalty, but the Office of Congressional Ethics has referred several cases in recent years.

Moskowitz Makes Three Moves

Jared Moskowitz, a Florida Democrat on the House Homeland Security Committee, was the week's most active trader. He filed three transactions: a buy of Applied Materials, Inc. (AMAT) and sells of Solstice Advanced Materials, Inc. (SOLS) and STERIS plc (STE).

Moskowitz has filed more than 40 trades since taking office in 2023, with a mix of tech and industrial names. His Applied Materials purchase is a bet on semiconductor equipment, a sector that has drawn bipartisan attention as the CHIPS Act rollout continues. The Solstice sale is a reversal: he bought the stock in March and has now trimmed the position.

His STERIS sale is notable for its timing. STERIS, a medical device maker, has been a steady holding for Moskowitz since 2024. He sold a chunk worth between $15,001 and $50,000, according to the disclosure range.

Morrison Sells Mutual Fund

Kelly Morrison, a Minnesota Democrat and physician, filed her first trade since joining the House in January. She sold shares of American Funds New World R-6 (RNWGX), a global equity mutual fund, valued between $15,001 and $50,000.

Morrison sits on the House Energy and Commerce Committee, which oversees health care and pharmaceutical policy. Her sale of a broad international fund does not signal a sector bet, but it is her only disclosed trade of 2026 so far. She has not reported any other buys or sells this year.

Boozman's Late Grainger Sale

Boozman's Grainger sale came in under the 45-day limit but missed the window by a week. Grainger is an industrial supply distributor, a sector tied to construction and manufacturing activity. Boozman has held GWW since 2021, filing an annual report that lists the position. His latest sale reduces that stake.

The late filing is Boozman's second in the past year. He also filed a late report for a sale of Becton Dickinson shares in February. Senators face the same 45-day requirement as House members, and the Senate Select Committee on Ethics has issued guidance reminding members that late filings are a violation of law.

What the Tables Show

The tables appended to this article list all five trades, the three lawmakers, and the five stocks involved. The buy-sell split is 1 buy to 4 sells. That is a heavier sell tilt than the 2026 average, which has run about 60% sells across all congressional filings.

Applied Materials is the only stock bought this week. The other four transactions were sells, including the mutual fund sale by Morrison. Solstice Advanced Materials, a small-cap specialty materials company, saw one sell after Moskowitz's earlier buy. STERIS and Grainger also saw single sells.

No lawmaker reported trades in technology giants like Nvidia or Microsoft this week, a departure from recent periods where those names dominated. The week's activity was concentrated in mid-cap industrials and health care.

Why This Matters

Congressional trading has drawn increasing public attention since the STOCK Act passed in 2012. The law was meant to curb insider trading by members, but enforcement remains spotty. A 2024 investigation by the Campaign Legal Center found that more than 25% of congressional trades were filed late in the previous Congress.

Boozman's late filing fits that pattern. His office did not respond to a request for comment by publication time. Moskowitz and Morrison both filed within the required window.

For investors who track these disclosures, the latest congressional trades page updates daily as new reports arrive. The data this week shows a modest week of activity, but the late filing rate is worth watching. If it holds above 20% for the rest of the year, it will mark the third consecutive year of rising late disclosures.

Most active members this week

Most traded stocks

Largest trades of the week

Filed past the 45-day deadline

The STOCK Act gives members 45 days to disclose a trade. These filings missed it (see the deadline tracker for the full record):