The House passed Lulu's Law on May 20, 2026, by a vote of 401 to 6. A feel-good margin, the kind that makes a press release write itself. What the press release won't mention: ten sitting members of Congress who disclosed Microsoft Corporation holdings in their portfolios were present for the vote, or, in four cases, were not. The bill touches Communication Services and Technology sectors. Microsoft sits in Software - Infrastructure.
What the Bill Does, and What It Touches
S. 1003, Lulu's Law, cleared the House 401-6. Six votes against. In a 435-member chamber, six dissenters is less a coalition than a rounding error. The bill's affected sectors, per the vote record, are Communication Services and Technology — the neighborhood where Microsoft Corporation lives, specifically in the Software - Infrastructure industry.
Members are required to disclose holdings. They are not required to divest, recuse, abstain, or look up from their phones before casting a vote on legislation touching the sectors they hold.
The Ten
Public filings show ten current members of Congress carrying disclosed Microsoft positions. Six of them voted Yea on May 20. Four did not vote.
The Yea votes: Cleo Fields, David Taylor, John McGuire, Josh Gottheimer, Maria Elvira Salazar, and Rich McCormick. All six voted to pass a bill in a sector where they hold the country's most valuable software company.
The non-voters: Gil Cisneros, John Boozman, John Fetterman, and Mark Warner. Worth flagging: Boozman, Fetterman, and Warner are Senate members. This was a House vote. They were not in the room. Their Microsoft holdings are in the public record regardless.
A Brief Note on the Non-Voters
Boozman, Fetterman, and Warner serve in the Senate, so their absence from this House roll call is structural. They don't get a vote on House floor proceedings. Their Microsoft positions are still disclosed. The bill still affects their sector. The chamber boundary is real; the portfolio overlap is also real.
Cisneros is a different case. He's a House member. He did not vote. The roll call is public.
The Gottheimer File
Josh Gottheimer has built a reputation as one of the more finance-forward members on the Democratic side. He voted Yea. His Microsoft disclosure is in the filings. He's not the only one, but he's the name that tends to surface when technology legislation and member portfolios intersect. The pattern is documented. The vote is documented. The holding is documented.
The Bipartisan Spread
The ten holders cross party lines. The six Yea votes cross party lines. The 401-6 final tally means almost every member in the chamber voted for this bill, holder or not. The overlap is notable precisely because it's so ordinary: ten members holding the most widely-owned technology stock in the country, voting on a bill that touches that stock's sector.
Microsoft is the second-largest company by market cap on the planet. Holding MSFT in a congressional portfolio is not unusual. Voting on a tech bill while holding MSFT is going to happen constantly, because tech bills happen constantly and Microsoft is everywhere. The question is not whether any individual vote is suspicious. The question is whether the system has any mechanism to address the overlap at scale. The answer is disclosure. Just disclosure. The filings exist. The recusal option is voluntary. The abstention option is voluntary. The divestment option is voluntary.
401-6: What the Margin Tells You
A 401-6 vote doesn't leave a lot of room for anyone to argue their Yea was a close call. Nobody agonized over this one. For the ten Microsoft holders who showed up and voted — or, in Cisneros's case, appeared on the roster and didn't — the margin means this bill was never going anywhere except Passed.
The bill was going to pass. The sector was going to be touched. The holdings were already there before the gavel fell. The disclosure system captured it. Nothing else did.
McCormick and Salazar
Rich McCormick and Maria Elvira Salazar both voted Yea. Both carry Microsoft in their disclosed portfolios. McCormick is a Georgia physician-turned-congressman who has leaned into tech and defense sector holdings. Salazar represents a South Florida district and has been a consistent presence on Communication Services and Technology votes. Neither stands out from the other Yea voters in terms of the vote itself. Both stand out in the data when you filter for MSFT holders on this specific roll call.
Fields and Taylor
Cleo Fields and David Taylor round out the Yea voters. Fields is a Louisiana Democrat; Taylor is a Pennsylvania Republican. Different parties, different districts, same Yea, same ticker in the portfolio. Microsoft doesn't have a party. It has a market cap.
McGuire Makes Six
John McGuire voted Yea, the sixth member of the Microsoft-holding cohort to do so. Among the House members with disclosed MSFT positions who were eligible to vote: all who showed up voted Yea, and the one House member who didn't cast a position didn't vote at all.
The Institutional Math
Ten members. One sector-touching bill. Six Yea votes from House members with the holding. Zero Nay votes from House members with the holding. The voluntary disclosure system generated a clean public record of all of it. The voluntary recusal system generated nothing.
Microsoft closed May 20 having survived another round of Congressional attention to its sector. The bill passed 401-6. The filings are live at the links above.
The receipts are public. Make of them what you make of them.