Congressional STOCK Act Filing: Representative Max L. Miller's Riverside Acceleration Capital Investment Revealed

What Happened

Representative Max L. Miller (R-CA) filed a STOCK Act disclosure on July 26, 2026 revealing a purchase of RIVERSIDE ACCELERATION CAPITAL OPPORTUNITY FUND II executed on July 22, 2026, with a disclosed size range of $1,001–$15,000.

This filing demonstrates congressional interest in alternative credit investment vehicles, specifically private equity opportunity funds focused on acceleration capital strategies. The disclosure shows Representative Miller's engagement with non-traditional asset classes beyond the more common public equities and bonds that typically dominate lawmaker trading portfolios.

The trade details are as follows: - Filer: Max L. Miller - Role: Representative, House Republican (California) - Ticker/Asset: RIVERSIDE ACCELERATION CAPITAL OPPORTUNITY FUND II (Private Equity Fund) - Transaction Type: Purchase - Disclosed Size Range: $1,001 – $15,000 - Trade Date: July 22, 2026 - Disclosure Date: July 26, 2026 - Description: CAPITAL CALL OF $3,723.39 FOR RAC II

Why It Matters

This filing is notable for several reasons:

1. Alternative Asset Class: Unlike the more common stock trades by lawmakers, this represents investment in a private equity opportunity fund, showing congressional interest in alternative investment vehicles beyond traditional public markets.

2. Timing Pattern: The trade was executed on July 22, 2026 and disclosed four days later on July 26, 2026, demonstrating compliance with the STOCK Act's 45-day disclosure requirement while maintaining reasonable timeliness.

3. Portfolio Diversification: Representative Miller's activity in this fund suggests a strategy of portfolio diversification beyond traditional public market investments, which is common among sophisticated investors who seek exposure to private credit and alternative strategies.

What to Watch

This filing adds to the broader pattern of congressional trading activity across multiple sectors and asset classes. Recent STOCK Act filings also reveal notable trading patterns across other lawmakers:

• Sam Liccardo (D-CA) sold NVIDIA Corporation (NVDA) shares on July 21, 2026, disclosed July 27, 2026, range $15K–$50K. Current NVDA price: $192.07 (-1.49% day change).

• Jared Moskowitz (D-FL) made multiple purchases across technology and healthcare sectors in mid-June 2026, including Applied Materials (AMAT), HCA Healthcare (HCA), Home Depot (HD), Meta Platforms (META), Monster Beverage (MNST), and Microsoft (MSFT), each in the $1K–$15K range.

• Sheri Biggs (R-NV) purchased Oaktree Strategic Credit Fund Class S on June 30, 2026, disclosed July 27, 2026, range $1K–$15K.

• Dave McCormick (R-PA) filed multiple municipal bond and GS Finance Corp trades on July 29, 2026, with trade dates ranging from June 29 to July 21, 2026.

By the numbers

Source snapshot

Note: All congressional stock trades are reported as filed under the STOCK Act. Disclosures report size ranges rather than exact amounts, and there is typically a lag between the actual trade date and the disclosure filing date (up to 45 days by law). This reporting is informational only and does not constitute financial advice.