A new filing under the STOCK Act shows Hon. Jefferson Shreve, a member of the U.S. House of Representatives, reported a purchase transaction dated December 29, 2025. The disclosure lists the asset as a Prudential RILA – 10% Buffer 3-year Alliance Bernstein 500 Plus Index, a registered index-linked annuity product, sometimes referred to as a RILA in retirement and insurance planning circles.
The Periodic Transaction Report identifies the transaction as a purchase made directly by Shreve, not by a spouse or dependent. The amount range disclosed on the form is between $5,000,001 and $25,000,000, one of the higher reporting brackets used on these congressional filings. Members of Congress are required to report the value of a transaction only within a broad range rather than an exact dollar figure, which is standard practice under the STOCK Act’s disclosure rules.
What Is a Buffered Index Annuity?
Shreve’s own filing describes the holding as a ‘Buffered Index Annuity.’ These insurance-based products are designed to track the performance of a market index, in this case the AllianceBernstein 500 Plus Index, while offering a stated buffer, here 10 percent, against a portion of potential losses over a set period, three years according to the filing. In exchange for that downside protection, buffered annuities typically cap the amount of upside gain an investor can capture. They are held through an insurance contract rather than a traditional brokerage account, and this filing specifically notes the asset is held through a Registered Index Linked Annuity, or RILA, structure.
For readers who track these disclosures using apps or watchlists that follow senators’ and representatives’ stock trades, this filing falls into the category our site classifies as a congress buy signal, meaning it reflects a reported purchase rather than a sale or exchange. That classification is based solely on the transaction type listed on the form and does not reflect any independent analysis of the underlying product’s performance or suitability.
Why These Disclosures Matter
Periodic Transaction Reports exist because federal law requires members of Congress and certain staff to disclose personal financial transactions within a set window after they occur. The requirement is meant to create a public record of trading activity, not to signal wrongdoing. Filing a Periodic Transaction Report, including one involving a large purchase amount, is a routine compliance step under the STOCK Act rather than an indication of any rule violation.
As with all disclosures tracked on whoisbuyingnow.com, this report is presented as a matter of public record. It is not investment guidance, and it should not be read as a recommendation to take any action regarding annuities, index-linked products, or any other financial instrument mentioned here.