Guide 3

How transaction amount ranges work

Congressional disclosures commonly report a range instead of an exact dollar amount. A band such as $15,001–$50,000 does not tell you the precise value of the trade.

Why the midpoint can mislead

Analysts sometimes use a range midpoint for estimates, but that is a modeling choice—not a disclosed fact. A trade near the bottom of a band can be much smaller than the midpoint, while a trade near the top can be much larger.

What the range leaves out

The band does not reveal exact share count, execution price, portfolio percentage, remaining holdings, or whether the transaction was part of a broader strategy. It may also cover assets held by a spouse or dependent child, depending on the filing.

How we plan to display ranges

Verified records will preserve the original reported band. If we calculate an estimated midpoint for sorting or charts, it will be labeled as an estimate and kept separate from the source value.

Never present a midpoint as the actual transaction size.

Official source: House Committee on Ethics—Financial Disclosure