| POLITICO’s reporting is the latest in a string of headlines scrutinizing Bresnahan for becoming one of the most active traders in all of Congress despite campaigning on a congressional stock trading ban.
DCCC Spokesperson Eli Cousin:
“Congressman Rob Bresnahan has become the poster-child of Washington corruption by playing the stock market while using his office to hurt the community he’s supposed to represent. Every new headline further cements Bresnahan’s image as a self-serving politician who seems more at home on Wall Street than in Northeastern Pennsylvania.”
Read more from POLITICO below:
POLITICO: Bresnahan traded AI stock while he pushed for data centers
By Daniel Lippman | January 12, 2026
- GOP Rep. Rob Bresnahan last year bought stock in a major supplier for data centers that subsequently boomed in value — at the same time he was encouraging data centers to be built in his Pennsylvania district.
- In June, Bresnahan bought between $1,001 and $15,000 of stock in Credo Technology, a company that provides electric cables and chips for data centers, according to a House report he filed in July […] Since then, the share price of Credo stock has risen about 109 percent — joining the set of AI companies ballooning in value.
- The trade, which has not been previously reported, comes as data centers have become an increasingly hot-button political issue and his Democratic opponent has sought to make Bresnahan’s stock trading a top issue in the campaign.
- Bresnahan, a top target for Democrats in the midterms, has been under scrutiny for his stock trading. Among his trades, Bresnahan sold up to $130,000 in Medicaid providers’ stock a week before he voted to make cuts to Medicaid in Trump’s “big beautiful bill,” NBC News recently reported.
- The first-term congressman campaigned in 2024 on a pledge to support a ban on congressional stock trading.
- “Whether or not they have done something wrong, the idea that we can buy and sell stocks while voting on legislation that will have a direct impact on these companies is wrong and needs to come to an end immediately,” he wrote in a letter in the Pottsville (Pa.) Republican Herald.
- But since taking office a year ago, he has made 648 trades, making him the fifth-most-active stock trader among members of Congress, according to Capitol Trades, which tracks congressional stock trading.
- Two months before buying Credo stock, Bresnahan talked up the potential of data centers to create jobs in his northeastern Pennsylvania district.
- “I am pleased to hear that companies are looking to Northeastern Pennsylvania for their data centers, which can serve as catalysts for economic growth and technological innovation for our region,” he told the Wilkes-Barre Times-Leader in April.
- An Emerson College poll in December found that 54 percent of people in northeastern Pennsylvania opposed building data centers in their area, though 61 percent said they would create a significant number of jobs.
- Data centers have been blamed for increasing electricity prices for Americans who live near them […]
|
