Rep. Ro Khanna and his spouse cycled roughly $24,000 through AMP, the ticker for Ameriprise Financial, Inc., in a five-week stretch earlier this year — opening and closing positions as the stock traded near the lower end of its 52-week range.
Disclosure filings show three transactions between Feb. 24 and March 30, 2026, involving amounts between $1,000 and $15,000 each. The trades came as shares of the Minneapolis-based financial services firm hovered well below their 52-week high of $550.18. AMP recently traded at $442.08, giving the company a market capitalization of about $41.1 billion.
The trades
- Feb. 24, 2026 — Buy, $1,000–$15,000 (Khanna)
- March 23, 2026 — Buy, $1,000–$15,000 (Spouse)
- March 30, 2026 — Sell, $1,000–$15,000 (Khanna)
The pattern suggests a short-term accumulation followed by a partial or full exit within days of the second purchase. Because congressional disclosures report ranges rather than precise figures, the exact gain or loss is unclear. The estimated total value of the trades is approximately $24,000.
Ameriprise, traded on the New York Stock Exchange, provides wealth management, asset management and insurance services. The stock has traded between $396.14 and $550.18 over the past year, reflecting broader volatility in financial stocks tied to interest-rate expectations and equity market swings.
Khanna, a Democrat representing Silicon Valley, serves on the House Armed Services Committee, the House Committee on Oversight and Government Reform, and the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, among other panels. None of his committee assignments directly oversee the wealth management industry, though financial regulation often falls under broader congressional purview.
The California lawmaker has been an active trader over the course of his congressional career, with 17,672 transactions disclosed to date. Ameriprise is also a popular holding on Capitol Hill: at least 20 lawmakers have reported trading AMP, according to congressional disclosure data.
The timing is notable. The initial Feb. 24 purchase came as AMP shares were recovering from late-winter weakness, while the late-March sale followed a brief rebound. Without precise transaction prices, it is impossible to calculate performance, but the quick turnaround suggests an opportunistic trade rather than a long-term investment.
Under the STOCK Act, members of Congress are required to disclose stock transactions within 45 days, though they are not required to reveal exact dollar amounts — only ranges. Khanna’s filings were submitted within the mandated window.
The household’s activity in AMP adds to a broader pattern of diversified, short-duration trades across sectors. Readers can track similar activity across Capitol Hill by reviewing the latest congressional trades.
As financial stocks continue to respond to shifting rate-cut expectations and market volatility, lawmakers’ trades in firms like Ameriprise remain under close scrutiny — particularly when positions are opened and closed in rapid succession.