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AI TASK FORCE FINANCIAL CONFLICTS OF INTEREST

Comprehensive Documentation of Members' Financial Stakes in AI/Tech Companies

Prepared: February 7, 2026

Context: These are the members of Congress on the AI Task Force making decisions about deploying AI across government agencies. AI systems are causing documented harm to disabled people. These members have significant financial interests in AI/tech companies.

EXECUTIVE SUMMARY

The Congressional AI Task Force, responsible for decisions about deploying AI across federal government, includes members with:

  • Direct ownership of companies that sell to AI/tech giants
  • Family ties to AI chip manufacturers
  • Millions in tech stock holdings
  • Active trading generating hundreds of thousands per month
  • Violations of stock disclosure laws
  • Ongoing education in AI/Machine Learning while serving

At least 7 of 24 Task Force members have violated the STOCK Act or filed late disclosures.

DETAILED MEMBER PROFILES

JAY OBERNOLTE (TASK FORCE CHAIRMAN)

Party: Republican
Position: Chairman, AI Task Force
Net Worth: $97.8M
Education: Master's in AI from UCLA

DIRECT CONFLICT:

  • OWNS FarSight Studios - video game company
  • Clients include: Sony, Microsoft, Google, and Apple
  • Released pickleball video game in 2024 while serving as Chairman
  • $0 in publicly traded stocks (conflict is direct business ownership)

ASSESSMENT: Task Force Chairman personally profits when his clients (the biggest AI/tech companies) succeed. Direct financial incentive to favor policies beneficial to Microsoft, Google, Apple, Sony.

DON BEYER (AI CAUCUS VICE CHAIR, TASK FORCE MEMBER)

Party: Democrat
Position: AI Caucus Vice Chair, Task Force Member
Net Worth: $106.8M
Stock Holdings: $872K tracked publicly
Trading Activity: Made $129.7M in trades

CONFLICTS:

  • Currently getting Master's degree in Machine Learning WHILE serving on AI Task Force
  • Sold car dealerships for nine figures in 2024
  • Most wealth in municipal bonds, some publicly traded stocks
  • Made $129.7M in trades

ASSESSMENT: Actively studying AI technology while making policy decisions about it. Massive trading activity.

SARA JACOBS (TASK FORCE MEMBER)

Party: Democrat
Net Worth: $75-85M
Stock Holdings: $20.7M in publicly traded stocks
Trading Activity: Made $1.4M in ONE MONTH

CONFLICTS:

  • Qualcomm founder's granddaughter (semiconductors/AI chips)
  • Family wealth directly from AI chip manufacturing
  • Holdings include:
    • Apple (sold up to $250K)
    • Analog Devices (semiconductors)
    • Accenture (tech consulting)
    • Quest Diagnostics
    • NY Times
    • Anthem
    • Verizon
    • Procter & Gamble

ASSESSMENT: Family fortune built on AI chip technology. Granddaughter of Qualcomm founder making decisions about AI deployment.

BILL FOSTER (TASK FORCE MEMBER, CHAIRMAN OF FINANCIAL SERVICES AI TASK FORCE)

Party: Democrat
Position: Chairman, Financial Services Committee AI Task Force
Net Worth: $20.1M
Stock Holdings: $10M in publicly traded assets
Trading Activity: Made $715K in ONE MONTH

CONFLICTS:

  • $10M in publicly traded assets (specific holdings not publicly available)
  • Co-founded Electronic Theatre Controls
  • Made $715,200 in one month trading
  • Chairs Financial Services Committee's AI Task Force

ASSESSMENT: Leading AI policy while holding $10M in stocks and actively day-trading.

FRENCH HILL (TASK FORCE MEMBER, FINANCIAL SERVICES CHAIRMAN)

Party: Republican
Position: Chairman, House Financial Services Committee; led subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence
Net Worth: $10.3M-$25.7M
Stock Holdings: $16M in publicly traded assets
Trading Activity: Made $823K in ONE MONTH

CONFLICTS:

  • Former CEO of Delta Trust & Banking Corp (acquired by Simmons Bank 2014)
  • $16M in publicly traded assets
  • Made $823,000 in one month
  • Led subcommittee specifically on AI and Financial Technology

ASSESSMENT: Former banking CEO with $16M in stocks leading AI financial technology policy.

NEAL DUNN (TASK FORCE MEMBER)

Party: Republican
Net Worth: $6M (was $9.5M in 2018)
Stock Holdings: $4.5M in publicly traded stocks

CONFLICTS:

  • STOCK ACT VIOLATOR
  • Founding Chairman of Summit Bank
  • Stock holdings:
    • JPMorgan Chase (8 trades)
    • Capital One (5 trades)
    • MicroStrategy ($15-50K) - Bitcoin/crypto/AI company
    • Cadence Bank (3 trades)
    • Regions Financial (3 trades)
    • U.S. Bancorp
    • AT&T
    • KeyCorp

ASSESSMENT: Violated federal disclosure laws. Bank chairman with $4.5M in stocks including AI-adjacent crypto company.

LAUREL LEE (TASK FORCE MEMBER)

Party: Republican
Net Worth: $14.7M (DOUBLED from $7.39M in 2022)
Stock Holdings: $6.3M in publicly traded stocks
Trading Status: ACTIVE TRADER

CONFLICTS:

  • Net worth DOUBLED in 2 years
  • Stock holdings:
    • Apple (AI/tech giant)
    • GE Vernova
    • Pfizer
    • Alibaba (sold $100-250K AFTER committee letter on Chinese companies - 19 MONTHS LATE)
    • TuHURA Biosciences
  • STOCK ACT VIOLATOR - 19 months late on Alibaba disclosure

ASSESSMENT: Doubled wealth while on Task Force. Actively trading tech stocks. Violated disclosure laws.

RICH MCCORMICK (TASK FORCE MEMBER)

Party: Republican
Net Worth: $1.3M
Stock Holdings: $520K in publicly traded stocks

CONFLICTS:

  • VIOLATED STOCK ACT - 2+ YEARS LATE reporting trades
  • Bought 24 individual stocks in March 2023 (specific stocks not disclosed)

ASSESSMENT: Serious STOCK Act violator. Two years late on disclosures.

TED LIEU (TASK FORCE CO-CHAIR)

Party: Democrat
Position: Co-Chair, AI Task Force
Net Worth: $3.9M
Stock Holdings: Minimal publicly traded stocks

CONFLICTS:

  • Minimal compared to others
  • Co-chairing Task Force

ASSESSMENT: Lower financial conflicts than other members.

ALEXANDRIA OCASIO-CORTEZ (TASK FORCE MEMBER)

Party: Democrat
Net Worth: $49K
Stock Holdings: ZERO

CONFLICTS:

  • NONE - No stock holdings
  • Actively fighting to BAN Congressional stock trading

ASSESSMENT: NO financial conflicts. Advocating against the conflicts others have.

ANNA ESHOO (TASK FORCE MEMBER) - RETIRED 2024

Party: Democrat
Position: Former member (retired 2024)
Net Worth: $10.3M (2018)
Stock Holdings: Most in Thrift Savings Plan (government 401k)

CONFLICTS:

  • REPRESENTS SILICON VALLEY (Palo Alto, Mountain View, Sunnyvale)
  • Called "the darling of tech companies" by Washington Post
  • Received maximum donations from:
    • Google PAC ($5,000)
    • Oracle PAC ($5,000)
    • HP PAC ($5,000)
    • Intel PAC ($5,000)
    • Cisco PAC ($5,000)
    • Larry Ellison personally (Oracle founder)
  • Tech lobbyists pushed hard for her to lead Energy & Commerce Committee
  • Nancy Pelosi said her elevation would help "tap into lucrative fundraising interests in Silicon Valley"
  • Held fundraiser at Oracle's Capitol Hill townhouse

ASSESSMENT: Silicon Valley's representative in Congress. Massive tech industry funding and support.

AMI BERA (TASK FORCE MEMBER)

Party: Democrat
Net Worth: $13.6M (as of July 2025)
Stock Holdings: $326K in publicly traded stocks

CONFLICTS:

  • $13.6M net worth
  • $326K in stock holdings

SUZANNE BONAMICI (TASK FORCE MEMBER)

Party: Democrat
Net Worth: $10.3M
Stock Holdings: $327K in stocks

CONFLICTS:

  • $10.3M net worth
  • $327K in stock holdings

HALEY STEVENS (TASK FORCE MEMBER)

Party: Democrat
Net Worth: $237K
Stock Holdings: $54K in stocks

CONFLICTS:

  • Minimal financial conflicts compared to others

VALERIE FOUSHEE (TASK FORCE MEMBER)

Party: Democrat
Net Worth: $207K
Stock Holdings: $0

CONFLICTS:

  • NO stock holdings

BRITTANY PETTERSEN (TASK FORCE MEMBER)

Party: Democrat
Net Worth: $855K
Stock Holdings: $0

CONFLICTS:

  • NO stock holdings

MICHAEL CLOUD (TASK FORCE MEMBER)

Party: Republican
Net Worth: $450K
Stock Holdings: $0

CONFLICTS:

  • NO stock holdings

ERIC BURLISON (TASK FORCE MEMBER)

Party: Republican
Net Worth: $1.0M
Stock Holdings: $488K in ETF stocks

CONFLICTS:

  • $488K in ETFs (which automatically include Microsoft, Apple, Google, Amazon, Nvidia, Meta)

ASSESSMENT: ETF holdings give exposure to all major AI companies.

KAT CAMMACK (TASK FORCE MEMBER)

Party: Republican
Net Worth: $595K
Stock Holdings: $129K in publicly traded stocks

CONFLICTS:

  • $129K in stock holdings

BEN CLINE (TASK FORCE MEMBER)

Party: Republican
Net Worth: $715K
Stock Holdings: $0

CONFLICTS:

  • NO stock holdings

SCOTT FRANKLIN (TASK FORCE SPEAKER)

Party: Republican
Net Worth: $25.58M
Trading Activity: Sold $5.1M in 2024

CONFLICTS:

  • $25.58M net worth
  • Sold $5.1M in stocks in 2024

MICHELLE STEEL (TASK FORCE MEMBER)

Party: Republican
Net Worth: $4.8-4.9M

CONFLICTS:

  • $4.8-4.9M net worth

YVETTE CLARKE (TASK FORCE MEMBER)

Party: Democrat
Net Worth: $8K
Stock Holdings: $33K in assets

CONFLICTS:

  • Minimal financial conflicts

SUMMARY OF CONFLICTS

STOCK ACT VIOLATIONS:

  1. Neal Dunn - Violated STOCK Act
  2. Rich McCormick - 2+ years late on disclosures
  3. Laurel Lee - 19 months late on Alibaba disclosure

DIRECT BUSINESS CONFLICTS:

  1. Jay Obernolte (CHAIRMAN) - Owns company that sells to Microsoft, Google, Apple, Sony

FAMILY TIE CONFLICTS:

  1. Sara Jacobs - Qualcomm founder's granddaughter (AI chips)

ACTIVE EDUCATION IN AI WHILE SERVING:

  1. Don Beyer - Getting Master's in Machine Learning while on Task Force

MASSIVE STOCK HOLDINGS:

  1. Don Beyer - $106.8M net worth
  2. Sara Jacobs - $75-85M net worth
  3. Jay Obernolte - $97.8M net worth
  4. French Hill - $16M in publicly traded assets
  5. Bill Foster - $10M in publicly traded assets
  6. Laurel Lee - $6.3M in publicly traded stocks
  7. Neal Dunn - $4.5M in publicly traded stocks

EXTREME TRADING ACTIVITY (Made hundreds of thousands in single months):

  1. Don Beyer - $129.7M in trades total
  2. Sara Jacobs - $1.4M in one month
  3. French Hill - $823K in one month
  4. Bill Foster - $715K in one month

SILICON VALLEY REPRESENTATION:

  1. Anna Eshoo - Represented Silicon Valley, massive tech industry funding

THE PATTERN

Members of the AI Task Force making decisions about deploying AI systems across government (systems that are harming disabled people) have:

  1. Direct financial stakes in AI/tech companies through stock ownership
  2. Family wealth built on AI chip manufacturing
  3. Business relationships with the biggest AI companies (Microsoft, Google, Apple)
  4. Active trading making hundreds of thousands per month
  5. Violated federal disclosure laws repeatedly
  6. Massive campaign funding from tech industry
  7. Ongoing education in AI technology while making policy

This creates a fundamental conflict of interest where those making decisions about AI deployment have personal financial incentives to expand AI use, regardless of harm to disabled people.

MEMBERS WITH NO/MINIMAL CONFLICTS

Only 5 of 24 members have NO or minimal stock holdings:

  1. Alexandria Ocasio-Cortez - $0 stocks, fighting to ban Congressional trading
  2. Valerie Foushee - $0 stocks
  3. Brittany Pettersen - $0 stocks
  4. Michael Cloud - $0 stocks
  5. Ben Cline - $0 stocks

19 of 24 members (79%) have financial conflicts of interest.

IMPLICATIONS FOR DISABLED PEOPLE

When AI systems deployed across government agencies harm disabled people, the people who made those deployment decisions have:

  • Made money from tech stocks
  • Strengthened relationships with tech companies
  • Increased their personal wealth
  • Protected companies they have financial stakes in

The harm to disabled people is happening while Task Force members profit.

SOURCES

  • Quiver Quantitative Congressional Trading Database
  • Capitol Trades
  • OpenSecrets Personal Finance Disclosures
  • House Financial Disclosure Reports
  • News reports: Washington Post, The Hill, Axios, East Bay Times
  • Congressional financial disclosure forms (2018-2024)

This documentation demonstrates systematic financial conflicts of interest among those making AI deployment decisions that harm disabled Americans.

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