A new Periodic Transaction Report filed with the U.S. House of Representatives shows Hon. Jefferson Shreve reported the sale of a Brighthouse Buffered Annuity S&P 500 Trigger Rate [VA], a Registered Index Linked Annuity (RILA) product, in a transaction dated February 9, 2026. The disclosure lists the amount in the $5,000,001 to $25,000,000 range, one of the broader bands used under the STOCK Act’s reporting rules, and identifies the seller as the member of Congress personally.
For readers following a congress trading tracker, this filing stands out mainly for its size and structure. Rather than a typical equity trade, the underlying asset is an indexed annuity tied to the performance of the S&P 500, held with a buffer against losses and a trigger rate for gains. Shreve’s own description of the transaction, filed as ‘Buffered Indexed Annuity Exchange,’ suggests this was an exchange between annuity products rather than a straightforward cash sale of stock.
What the filing actually discloses
STOCK Act periodic transaction reports require members of Congress to disclose trades within 45 days, but they do not require an explanation of investment strategy or motive. The report confirms the asset type, the transaction date, the dollar range, and the account structure, in this case a RILA, but it does not detail why the exchange occurred or what replaced the position. Annuity exchanges of this kind are sometimes used to shift between products with different rate structures, buffer levels, or contract terms, though the filing itself offers no further explanation.
It is worth noting that this disclosure reflects a legal obligation, not an allegation of wrongdoing. Members of Congress and their spouses are required to report transactions above certain thresholds regardless of whether the underlying asset is a stock, bond, fund, or insurance-linked product like an annuity. The size of the reported range, up to $25 million, places this among the larger transactions disclosed by any House member in a given filing period, though the exact value within that range is not specified.
Why annuity trades get less attention
Most coverage of congressional trading disclosures, including tools built for an insiderfinance congress trading tracker, focuses on individual stock buys and sells because they are easier to match against market activity. Annuity products like this Brighthouse RILA are harder to analyze in the same way since their value depends on contract terms, caps, and buffers rather than daily market price. Even so, the filing itself is part of the same public disclosure system that covers stock, fund, and other asset transactions by members of Congress and their families.