Rep. Jared Moskowitz hasn’t been happy about how stocks have fared under President Donald Trump’s new tariff regime. That didn’t stop the Florida Democrat from profiting off of it.
According to a new disclosure, the congressman bought the dip, purchasing between $20,000 and $300,000 in 20 different companies on April 7, when the market was in turmoil and stock prices were low as a result of Trump’s April 2 tariff announcement.
Lawmakers are only required to disclose the range of the value of stocks they purchase. Moskowitz disclosed 20 different purchases valued between $1,000 and $15,000.
The same day Moskowitz made those trades, he bemoaned the downturn, asking in a post on X whether it was possible to “bring back the old stock market” like a gene-editing startup brought back the long-extinct dire wolf.
It was a well-timed trade. Two days later, Trump announced a 90-day pause on his “reciprocal” tariffs, and stock prices shot back up.
Moskowitz is the second member of Congress to disclose purchasing a significant amount of stock during the tariff-induced early April dip in the market. Others could do so before the end of the month: Lawmakers have 30-45 days to report their stock trades.
For weeks, Rep. Marjorie Taylor Greene was the only member of Congress known to have bought the dip. She purchased tens of thousands of dollars in stock on April 2, April 8, and April 9.
Democrats have insinuated that the Georgia Republican may have known about Trump’s April 9 announcement and engaged in a form of insider trading. Greene has denied any wrongdoing, saying that her stocks are managed by a financial advisor who made a smart trade.
As a Democrat, Moskowitz is unlikely to have had prior knowledge of Trump’s planning around tariffs, but his colleagues have criticized the practice of trading off the tariff turmoil in general.
“We’re here to be public servants,” Democratic Rep. Alexandria Ocasio-Cortez of New York told BI in April. “And frankly, I don’t care if Democrats did it. I don’t care if Republicans did it. We’re not here to feed at the trough.”
A spokesperson for Moskowitz told BI in an email on Monday that all of the congressman’s trades are also “managed by an outside third-party financial advisor.” The Florida Democrat recently signed onto the TRUST in Congress Act, a bipartisan bill that would require lawmakers to either divest from their stock holdings or place them into a blind trust.
The spokesperson also noted that Moskowitz has cosponsored legislation to reclaim congressional authority over tariffs.
Moskowitz’s April 7 purchase included shares of companies like Amazon, Lockheed Martin, NVIDIA, and Oracle. The congressman also disclosed selling between $1,000 and $15,000 apiece in Lincoln Electric Holdings and NextEra Energy that same day.
The movement to ban lawmakers from trading stocks has picked up steam in recent weeks. Trump said he would sign a bill to ban stock trading on Capitol Hill, and Democratic leaders in particular have begun to lean into the issue.
House Speaker Mike Johnson recently said he was “open to the conversation,” but declined to fully back the idea.
