Federal agents from Homeland Security Investigations executed a judicially authorized search warrant at Rep. Ilhan Omar’s Washington-area home on October 12, 2026, seizing her phone, passport, laptop, and documents as part of a criminal probe into alleged fraud and false statements in her family’s decades-old immigration paperwork. Grand jury subpoenas have gone to relatives, with review of family messages, while a parallel inquiry examines congressional financial disclosures. No charges or arrest have occurred. The timing—three weeks before the November midterms in which Omar seeks reelection—has drawn accusations of political motivation from Democrats and defense of law enforcement from administration officials. Traders weigh the probe’s momentum against DOJ election-timing policies, judicial limits on the warrant, statute-of-limitations questions, and the absence of prior charges despite earlier scrutiny.