U.S. Rep. Jefferson Shreve made hundreds of stock trades since joining Congress, report says
U.S. Rep. Jefferson Shreve, a Republican who represents portions of southern Indianapolis, has made hundreds of stock trades since he joined Congress in January, including some that were tied to one of his committee assignments, according to a new news report.
A report published May 13 by news organization NOTUS states that Shreve traded between $3.44 million and $9.45 million worth of stock trades from April 7 to April 17 while markets dipped after President Donald Trump's Liberation Day tariff announcement in early April.
Some of the stocks Shreve traded in that time period, according to the NOTUS story, were tied to transportation-related organizations, including up to $50,000 each in purchases of shares in Uber, Schneider National and railroad company CSX. Shreve sits on the House's Transportation and Infrastructure Committee.
Members of Congress are allowed to buy and sell stocks if they don't violate insider trading rules. A spokesperson for Shreve's congressional office said in a statement to IndyStar that he relies on a financial advisor to conduct trades.
"He hired a professional to ensure compliance with all transaction reporting requirements for members of Congress."
The amount Shreve made in stock trades are just a small fraction of the congressman's total financial assets, financial disclosure reports show. Shreve founded the company Storage Express, which he sold in 2022 for $590 million. He spent $13.5 million on his 2023 campaign for mayor of Indianapolis and also largely self-funded his 2024 campaign for the 6th Congressional District seat.
Reports of Shreve's trades fall as some Republicans and Democrats are eyeing a ban on stock trading for members of Congress. Shreve is also not alone among Republican freshman making stock trades. The New York Times in April reported Pennsylvania U.S. Rep. Rob Bresnahan has been active in stock trading in the first months of his term.
Shreve represents Indiana's 6th Congressional District that stretches from southern Marion County east to the state's border with Ohio. He was elected to Congress in November 2024 to replace former U.S. Rep. Greg Pence, who did not seek reelection.
Contact IndyStar state government and politics reporter Brittany Carloni at brittany.carloni@indystar.com. Follow her on Twitter/X @CarloniBrittany.
Sign up for our free weekly politics newsletter, Checks & Balances, curated by IndyStar politics and government reporters.
This article originally appeared on Indianapolis Star: Indiana congressman has been active in stock trading, report says
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