A new filing with the U.S. House of Representatives shows that Rep. Tim Walberg (R-Mich.) and his spouse purchased shares of FS Specialty Lending Fund Common Shares of Beneficial Interest (FSSL) through a jointly-held account. The transaction, valued between $1,001 and $15,000, was executed on February 7, 2025, according to the Periodic Transaction Report filed under the STOCK Act.
The STOCK Act requires members of Congress to publicly disclose new securities transactions within 45 days of the trade date. In this case, the filing did not appear until 476 days after the purchase took place, well outside that statutory window. The report does not include an explanation for the delay, and none is speculated here. The filing itself is a matter of public record, and late disclosures of this kind are noted by trackers like whoisbuyingnow.com as part of routine transparency reporting, not as an allegation of wrongdoing.
What Was Purchased
FSSL is a business development company structured as a specialty lending fund, offering exposure to private credit and lending activity outside traditional bank channels. The disclosure lists the transaction type simply as a purchase, made through an account held jointly by Rep. Walberg and his spouse, a common structure seen in congressional financial disclosures.
The dollar amount range disclosed, $1,001 to $15,000, is the standard bracket used in STOCK Act reporting and does not indicate an exact purchase price. Members of Congress are required to report transactions in these broad ranges rather than precise figures, which is a longstanding feature of the disclosure framework rather than anything specific to this filing.
Why It’s Being Tracked
Whoisbuyingnow.com classifies this filing as a ‘congress buy’ signal, reflecting the fact that the transaction represents a purchase of a new or additional position rather than a sale. Signals like this are compiled from publicly filed Periodic Transaction Reports and are intended to give readers visibility into trading activity disclosed by federal lawmakers, as required by law.
The extended gap between the transaction date and the filing date is worth noting on its own terms. A 476-day lag is significantly longer than the 45-day window set by the STOCK Act, though the law itself does not specify automatic penalties tied to the length of a delay. As with all disclosures covered here, the underlying facts come directly from the filed report, and no additional claims are made about intent or process.