Why 6 US Congress Members Are Quietly Buying ServiceNow (NOW)

What Happens When Politicians Who Agree on Nothing Agree on a Stock?

Bipartisan agreement in Washington is rare. Bipartisan stock purchases from members sitting on the most sensitive committees in Congress? That's something else entirely.

Six members of Congress—Republicans and Democrats—are buying the same stock right now. The company is ServiceNow (NOW). And the committees these politicians sit on tell a story that's hard to dismiss as coincidence.

The Buyers and Their Access

Byron Donalds, a Republican from Florida, sits on the Financial Services Committee's Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. He also serves on the Oversight and Government Reform Committee. The man who oversees AI and fintech regulation is buying one of the world's largest enterprise AI platforms.

Tony Wyatt, a Republican from Wisconsin, is the biggest buyer among them. He chairs the Subcommittee on Contracting and Infrastructure and sits on the Transportation Infrastructure Committee. He oversees how the government awards technology contracts. ServiceNow just signed a massive government deal.

Ro Khanna, a Democrat from California, sits on three relevant bodies: the Armed Services Committee's Cyber, Information Technology, and Innovation Subcommittee; the Oversight Committee for Cybersecurity and AI; and the Select Committee on Strategic Competition with China. His portfolio has beaten the S&P 500 by 112% since 2024. He previously bought SanDisk before it rallied 3,000%.

Chuck Fleischmann, a Republican from Tennessee, sits on the Appropriations Committee—the body that controls where the government spends money. He chairs the Energy and Water Development Subcommittee and serves on Defense Appropriations.

Josh Gottheimer, a Democrat from New Jersey, is a member of the Permanent Select Committee on Intelligence and a ranking member of the NSA and Cyber Subcommittee. He holds top-secret clearance.

Michael McCaul, a Republican from Texas, is vice chair of the Homeland Security Committee. He founded the Congressional High-Tech Caucus and co-chairs the Congressional Cybersecurity Caucus.

The CEO and the President Are In Too

CEO Bill McDermott put $3 million of his personal money into ServiceNow stock. He called it a "once-in-a-generation moment." He then canceled his pre-scheduled stock selling plan—the kind of automatic sell program most executives set up for diversification—and switched to active buying. Four other executives followed suit.

The company also announced a $5 billion share buyback program.

And then there's the White House. President Trump personally holds over $1 million in ServiceNow stock. His administration is the one that signed the GSA deal giving federal agencies a 70% discount on ServiceNow's AI platform—a deal that's driven over $60 billion in contract savings.

Connecting the Dots

ServiceNow's stock has fallen roughly 50% from its highs. Wall Street's "SaaS Apocalypse" narrative has crushed the entire software sector. And yet, the people closest to the information—committee members overseeing AI spending, cybersecurity contracts, and defense budgets—are buying.

This doesn't mean the stock is a guaranteed winner. Insider buying is a signal, not a verdict. The stock is still in a downtrend, and institutional money hasn't decisively poured in yet.

But when six politicians with direct oversight of the exact sectors ServiceNow operates in, a CEO spending millions of his own money, and the President of the United States all converge on the same position—that's a data cluster worth monitoring closely. If the stock can establish a base around $110–120 with visible institutional accumulation, this pattern becomes significantly more actionable.