Rep. Julia Letlow (R-La.) reported a purchase of common stock in BXP, Inc. (ticker: BXP), a real estate investment trust, according to a Periodic Transaction Report filed with the U.S. House of Representatives. The transaction was made personally by Rep. Letlow, not by a spouse or dependent, and is held through a Merrill Lynch investment account identified in the filing as Account #025.
The disclosed transaction date is October 23, 2024, and the dollar amount is reported within the standard STOCK Act range of $1,001 to $15,000. Congressional disclosures do not require members to state an exact purchase price or share count, only the applicable range, so the precise size of the trade is not public.
A Notably Late Filing
Under the STOCK Act, members of Congress are required to publicly disclose covered securities transactions within 45 days of being notified of the trade. In this case, the report reflects a gap of 292 days between the October 23, 2024 transaction date and the filing date — well beyond the statutory 45-day window. The filing itself does not state a reason for the delay, and none is speculated on here. Late filings under the STOCK Act are not uncommon across both chambers of Congress and are sometimes accompanied by administrative corrections, though this report does not indicate whether that is the case here.
Because this trade is a purchase rather than a sale, it falls into the category whoisbuyingnow.com tracks as a ‘congress buy’ signal — a disclosed instance of a sitting lawmaker adding to a position in a publicly traded company. BXP, Inc. is a commercial real estate investment trust that owns and develops office and mixed-use properties, primarily in major U.S. gateway markets.
STOCK Act filings like this one are designed to give the public visibility into potential financial conflicts of interest by requiring lawmakers to report trades in stocks, bonds, and other covered securities. The requirement applies regardless of the size of the trade or the reasoning behind it, and filing a disclosure — even a late one — is compliance with the law, not an indication of wrongdoing.
Readers interested in the underlying document can consult the official filing on the House Clerk’s financial disclosure portal, which lists the transaction details reported above, including the account custodian, transaction type, and applicable date range.