Correction: An earlier version of this story erroneously referred to Democratic Sen. Tom Carper, who reported owning JPMorgan shares, as a member of the Senate Banking Committee. He is not a member of the committee.
WASHINGTON — The upcoming congressional hearings on the trading losses at JPMorgan Chase could prove awkward for a group of lawmakers who own a piece of the bank.
Two members of the Senate Banking Committee and four of their counterparts on the House Financial Services Committee report owning shares in JPMorgan, according to an analysis of public records by the Center for Responsive Politics.
Rep. James Renacci tops the list. The Ohio Republican reported owning shares in JPMorgan worth $21,937 in 2010, the last year for which data was available.
Democratic Reps. Brad Miller and Gary Peters and GOP Rep. Nan Hayworth all reported owning shares worth between $1,001 and $15,000.
In the Senate, North Carolina Democrat Kay Hagan reported owning shares in JPMorgan that were worth between $2,002 and $31,000.
Republican Sen. David Vitter reported owning a stake in the bank of between $1,001 and $15,000. (Democratic Sen. Sherrod Brown also reported owning a $1,001 to $15,000 stake in the bank in 2010, but a Brown spokeswoman said Friday that the Ohio Democrat no longer owns JP Morgan stock. Brown inherited the stock following his mother's death in 2009 but has since sold it, she said.)
Both the House and Senate committees have announced plans to hold hearings on the bank's trading losses. JPMorgan CEO Jamie Dimon plans to testify at the Senate hearing.