A new congressional disclosure shows Rep. Jefferson Shreve, a member of the U.S. House, reported a purchase transaction dated February 17, 2026, involving a sizable annuity contract. The filing, submitted under the STOCK Act’s Periodic Transaction Report requirements, lists the asset as a Prudential Registered Index Linked Annuity (RILA) — specifically a 10% Buffer, 6-year Alliance Bernstein 500 Plus Index product with a participation rate feature.
The transaction was made directly by Shreve, not through a spouse or dependent, and the disclosed value falls between $1,000,001 and $5,000,000 — one of the broader bands used in these filings to indicate scale without pinning down an exact dollar figure. The filer’s own description of the move reads simply: ‘Buffered Indexed Annuity Exchange.’
For readers less familiar with the product type, a RILA is a hybrid annuity vehicle that offers some downside protection — in this case, a 10% buffer against losses — while linking returns to the performance of an index, here the Alliance Bernstein 500 Plus Index, over a defined six-year term. The ‘participation rate’ determines how much of the index’s upside the annuity holder actually captures. These contracts are typically used for long-term retirement-style planning rather than active trading.
What the Disclosure Does and Doesn’t Tell Us
Because this filing describes an ‘exchange,’ it’s possible existing annuity assets were rolled into this new contract rather than fresh capital being deployed outright, though the report itself doesn’t spell out the prior holding in detail. Our internal classification tags this as a straightforward congress buy signal based on the transaction type reported.
It’s worth repeating what STOCK Act disclosures are and are not. Members of Congress are legally required to report transactions like this one within a set window, regardless of the asset type or the reasoning behind the trade. Filing a Periodic Transaction Report is a compliance obligation, not an indication of any wrongdoing, and nothing here suggests Shreve did anything other than follow standard disclosure rules that apply to every sitting member.
Sites like this one track these filings because they offer a rare, if incomplete, window into how members of Congress manage personal finances while in office — a topic that regularly surfaces in discussions about politicians buying stocks or trading alongside (or against) market trends. Annuity purchases like this one are less common in the disclosure stream than equity trades, which makes this filing a notable data point even without further context about Shreve’s broader portfolio or financial planning strategy.
No additional transactions tied to this filing were included in the disclosure reviewed for this report.