Representative Magaziner announces bipartisan support for a bill banning members of Congress from betting on political events.
Quiver AI Summary
Representative Magaziner supports legislation to combat insider trading: U.S. Representative Seth Magaziner has joined as an original cosponsor of a bipartisan bill aimed at banning Members of Congress from profiting by placing bets on political events through prediction platforms. This initiative seeks to reduce corruption among elected officials.
Quote from Representative Magaziner: "Corruption is out of control in Washington... It is unacceptable that Members of Congress can get rich off betting on elections or even on whether their own legislation will pass," he stated, emphasizing the need for stricter regulations on insider trading.
Details of the proposed act: The Preventing Real-time Exploitation and Deceptive Insider Congressional Trading (PREDICT) Act would impose penalties for violations, including fines and forfeiture of profits. Alongside this measure, Magaziner is co-leading the Restore Trust in Congress Act, which focuses on banning congressional stock trading.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Check out the Quiver Quantitative API to build on top of data on congressional stock trading, insider transactions, hedge fund moves, and more.
Seth Magaziner Fundraising
Seth Magaziner recently disclosed $210.8K of fundraising in a Q4 FEC disclosure filed on January 31st, 2026. This was the 465th most from all Q4 reports we have seen this year. 54.7% came from individual donors.
Magaziner disclosed $82.4K of spending. This was the 814th most from all Q4 reports we have seen from politicians so far this year.
Magaziner disclosed $1.4M of cash on hand at the end of the filing period. This was the 297th most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Seth Magaziner's fundraising on Quiver Quantitative.
Seth Magaziner Net Worth
Quiver Quantitative estimates that Seth Magaziner is worth $652.5K, as of March 26th, 2026. This is the 371st highest net worth in Congress, per our live estimates.
Magaziner has approximately $36.5K invested in publicly traded assets which Quiver is able to track live.
You can track Seth Magaziner's net worth on Quiver Quantitative's politician page for Magaziner.
Seth Magaziner Bill Proposals
Here are some bills which have recently been proposed by Seth Magaziner:
- H.R.7436: Department of Homeland Security Intelligence and Analysis Training Act
- H.R.7435: DHS Intelligence Transparency and Oversight Program Office and Ombuds Act
- H.R.7315: Advancing Policy Priorities Act
- H.R.7314: Advancing Commonsense Policies Act
- H.R.6731: Restore Trust in Government Act
- H.R.5554: Stand Strong for Medicare Act of 2025
You can track bills proposed by Seth Magaziner on Quiver Quantitative's politician page for Magaziner.
2026 Rhode Island's 2nd Congressional District Election
There has been approximately $1,904,033 of spending in Rhode Island's 2nd congressional district elections over the last two years, per our estimates.
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Rhode Island's 2nd congressional district election.
