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Exhibit 762

Abnormal Returns From the Common Stock Investments of Members of the U.S. House of Representatives

Exhibit 762 ยท Peer-reviewed study

Abnormal Returns From the Common Stock Investments of Members of the U.S. House of Representatives

A portfolio that mimics the purchases of House Members beats the market by 55 basis points per month (approximately 6% annually).

Applies the 2004 method to more than 16,000 House transactions by about 300 members, 1985-2001. House purchases earned positive abnormal returns, smaller than the Senate's.

Source
Ziobrowski, Boyd, Cheng and Ziobrowski, Business and Politics 13(1):1-22
Date
April 2011
Quoted from
Abstract (via Crossref)
Grade
Peer-reviewed
Document
https://doi.org/10.2202/1469-3569.1308
Accessed
2026-11-09
Cited by
Findings citing this exhibit
Note
It found positive returns.

Cited by

Finding POL-4.8
Peer-reviewed A study of Senators' trades in 1993-1998 found that a portfolio copying their purchases beat the market by 85 basis points per month, and a study of House trades in 1985-2001 found that a portfolio copying their purchases beat it by 55 basis points per month.