Here are summaries of the 2010 financial disclosure reports released Wednesday for House and Senate leaders, new Republican House committee chairman, new Democratic Senate committee chairmen, and presidential candidates.
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House Speaker John Boehner, R-Ohio
Earned income: $193,400. Boehner was House minority leader in 2010
Honoraria, all donated to charity: None
Major assets: Franklin Templeton Mutual Global Discovery fund, $100,001-$250,000; Henderson Global Investors International Fund, $100,001-$250,000; Harbor International Fund IRA, $100,001-$250,000; UBS Liquid Assets Fund IRA, $100,001-$250,000; 12 investments valued from $50,001-$100,000, including a Congressional Credit Union account, a state of Ohio public employees' pension plan, and various funds and IRAs.
Major sources of unearned income: Davis New York Venture Fund dividends/capital gains, $15,001-$50,000; American Funds' Growth Fund of America, dividends/capital gains, $15,001-$50,000.
Major liabilities: None.
Gifts: None.
Narrative: Boehner reported 121 transactions in which he bought or sold investments. The largest were a sale of shares of American Funds' Growth Fund of America for $50,001-$100,000; purchase of shares in the Franklin Templeton Mutual Global Discovery Fund for $50,001-$100,000; and sale of shares in Vanguard's Selected Value Fund for $50,001-$100,000. He took a two-day trip to Palm Beach, Fla., in March 2010, sponsored by the conservative Club for Growth; the value of the trip was not disclosed.
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Rep. Eric Cantor, R-Va., House Majority Leader
Earned income: $174,000
Honoraria, all donated to charity: None.
Major assets: Arlington, Va., real estate, $500.001-$1 million; Loan to Richmond Resources Hickory Park, LLC for commercial real estate, $500,001-$1 million; loan to Richmond Resources Ltd for real estate development, $250,001 to $500,000; Water Tower Associates LLC stock, $250,001-$500,000; Band of America accounts, $250,000-$500,000; Media General deferred compensation stock, $250,001-$500,000.
Major sources of unearned income: Rent from the Arlington property of $15,001-$50,000; Interest from the Virginia Credit Union accounts of $2,501-$5,000; Weyerhauser Company stock dividends, $2,501-$5,000
Major liabilities: Bank of America mortgage on Arlington real estate, $250,001-$500,000
Gifts: None
Narrative: Cantor's wife, Diana, earned undisclosed salary from Alternative Investment Management, LLC and fees as a director or trustee for Media General, Inc., Domino's Pizza, Inc., and the Virginia Retirement System.
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Rep. Nancy Pelosi, D-Calif., House Minority Leader
Earned income: $223,000. Pelosi was speaker in 2010.
Honoraria, all donated to charity: None
Major assets: Home and vineyard in St. Helena, Calif., $5 million-$25 million; townhome in Norden, Calif., $1 million-$5 million; real estate in Napa, Calif., $500,000-$1 million.
Major sources of unearned income: Rent from Napa real estate, $15,000-$50,000.
Major liabilities: Mortgage on home and vineyard in St. Helena, $1 million-$5 million; mortgage on townhome in Norden, $500,000-$1 million; mortgage on Napa property, $250,000-$500,000
Gifts: None
Narrative: Much of the Pelosi family wealth is held by her husband, Paul, including commercial property in San Francisco valued at $5 million to $25 million. He's also a limited partner in residential real estate in Sacramento, valued at $5 million to $25 million, and he is a limited partner in Sacramento Mountain Lions, a team in the United Football League, which is valued at $5 million to $25 million. He listed 20 separate transactions that involved investments in the league as well as the team. Those investments totaled between $2.6 million and $5.2 million. Major sources of income attributed to her husband include $1 million to $5 million in capital gains from the sale of stock in Apple Inc., and $100,000 to $1 million from an investment in a resort in Rutherford, Calif.
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Rep. Kevin McCarthy, R-Calif., House Majority Whip
Earned Income: $174,000
Honoraria, all donated to charity: None
Major assets: Stake in various mutual funds and stocks, valued at $115,017-$485,000
Major sources of unearned income: Dividends and interest from mutual funds and stocks, $1,814-$8,300
Major liabilities: None
Gifts: None
Narrative: McCarthy entered into a publishing agreement with Simon and Shuster on March 8, 2010, for the book, "Young Guns: A New Generation of Conservative Leaders," which was published in the fall. His co-authors were House Majority Leader Eric Cantor and Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee. McCarthy reported no book earnings during 2010.
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Rep. Steny Hoyer, D-Md., House Minority Whip
Earned income: $193,400
Honoraria, all donated to charity: None
Major assets: Congressional Federal Credit Union account, $15,000-$50,000; Citibank NA Bank Deposit Program, $1,001-$15,000, Western Asset Government Money Market Fund, $1,001-$15,000, Teloknet stock, $1,001-$15,000
Major sources of unearned income: Capital gains on Berkshire Income Realty, $2,501-$5,000; Dividends from Income Fund of America, $1,001-$2,500; Legg Mason Value Trust Fund dividends, $1,001-$2,500
Major liabilities: None
Gifts: None
Narrative: Hoyer's earned income in 2010 came from his salary as House Majority Leader, $193,400. With Democrats in the minority, he is now the Democratic whip. Hoyer also received a legislative pension of $20,481from the Maryland State Retirement Agency for his service the Maryland Senate. Hoyer owns a handful of stocks and investments in money market funds, but none greater than $15,000. Hoyer sold his interests in Berkshire Income Realty, valued at $1,001 to $15,000, Income Fund of America, valued at $50,001 to $100,000, the Investment Company of America, valued at $15,001 to $50,000 and the Legg Mason Value Trust Fund, valued at $100,001 to $250,000. All of the sale proceeds were applied to a Thrift Savings Plan.
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Rep. Frank Lucas, R-Okla., chairman, House Agriculture Committee
Earned income: $174,000
Honoraria, all donated to charity: None
Major assets: About 1,300 acres of farmland in Roger Mills County, Okla., $600,003-$1.25 million; mineral rights to 103 acres in Roger Mills County, $250,001-$500,000
Major sources of unearned income: Farm income of $50,001 to $100,000
Major liabilities: Two mortgages on farmland in Roger Mills County, each $100,001-$250,000; line of credit from Farm Credit of Western Oklahoma, $100,001-$250,000
Gifts: None
Narrative: Lucas' family has been farming in Oklahoma for more than 100 years. In November, he and a family member were reimbursed for a trip to Istanbul by the Franklin Center for Global Policy Exchange, which brings together members of Congress and their foreign counterparts to discuss global issues.
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Rep. Harold Rogers, R-Ky., chairman of the House Appropriations Committee
Requested an extension of the May 15 filing deadline
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Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee
Earned income: $174,000
Honoraria, all donated to charity: $2,000 from the Economic Club of Sheboygan, for a speech May 10, 2010
Major assets: A 20 percent interest in the Ryan-Hutter Investment Partnership, $250,001-$500,000; a 20 percent interest in the Ryan Limited Partnership, $100,001-$250,000; a college savings plan for daughter Elizabeth, $50,001-$100,000; and a college savings plan for son Charles, $100,001-$250,000.
Major sources of unearned income: Investment income from the Ryan-Hutter Investment Partnership, $15,001-$50,000; investment income from the Ryan Limited Partnership, $5,001-$15,000
Major liabilities: None
Gifts: None
Narrative: Ryan was reimbursed by the Heritage Foundation, a conservative think tank, for travel, food and lodging for a trip between Charlottesville, Va., and Milwaukee, in January 2010. Ryan's wife, Janna, is a partner in mining and oil companies in Madill, Okla.
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Rep. John Kline, R-Minn., chairman, House Education and Workforce Committee
Earned income: $174,000
Honoraria, all donated to charity: None
Major assets: Four mutual funds, each valued at $1,000-$15,000; cash account, $1-$1,000
Major sources of unearned income: Dividends and interest on mutual funds, $200-$1,600; interest on cash account, $1-$200
Major liabilities: None
Gifts: None
Narrative: Kline has military retirement income from his 25-year service in the U.S. Marine Corps. His wife owns a 534-acre farm in Houston, Minn., valued at $100,000-$250,000.
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Rep. Jo Bonner, R-Ala., chairman, House Ethics Committee
Earned income: $174,000
Honoraria, all donated to charity: None
Major assets: More than 2,400 acres of timberland in Wilcox County, Ala., $1 million-$5 million; another 78 acres of timberland in the same county, $100,000-$250,000
Major sources of unearned income: Hunting leases on the timberland, $15,000-$50,000
Major liabilities: Three revolving credit accounts, $15,000-$50,000 each
Gifts: None
Narrative: As chairman of the committee that judges potential conflicts of interest, Bonner owns no stock individually in any company, although his wife does. In addition to his land holdings, Bonner invests mainly in mutual funds.
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Rep. Spencer Bachus, R-Ala., chairman, House Financial Services Committee
Earned income: $174,000
Honoraria, all donated to charity: None
Major assets: Accounts with Congressional Federal Credit Union, Fidelity Investments and Regions bank, each less than $1,000.
Major sources of unearned income: Earnings on credit union, Fidelity and Regions accounts, less than $200 each.
Major liabilities: Loan from BBVA Compass Bank, $15,001-$50,000
Gifts: None
Narrative: Bachus' most valuable assets belong to his wife, Linda: An annuity from the Pacific Life Insurance Co., $250,001-$500,000; a Smith Barney IRA, $100,001-$250,000 and a rental property called Southwood Properties, $100,001-$250,000. The couple's largest source of unearned income is also owned by Linda: Rent totaling $2,501-$5,000 from Southwood Properties. The couple reported 28 sales and purchases of investment funds last year, with each transaction valued at less than $15,000
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Rep. Ileana Ros-Lehtinen, R-Fla., chairwoman, House Foreign Affairs Committee
Earned income: $174,000
Honoraria, all donated to charity: None
Major assets: Miami, Fla., real estate, $500,002-$1 million; Metro Bank account, $100,000-$250,000
Major sources of unearned income: Rent on Miami real estate, $30,000-$100,000
Major liabilities: None
Gifts: None
Narrative: Ros-Lehtinen's assets have changed little since her 2009 disclosure report.
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Rep. Peter King, R-N.Y., chairman, House Homeland Security Committee
Earned income: $174,000
Honoraria, all donated to charity: None
Major assets: Chase Bank account, $50,000-$100,000; Astoria Federal Savings account, $50,000-$100,000; Nassau County Credit Union account, $1,000-$15,000.
Major sources of unearned income: None
Major liabilities: None
Gifts: None
Narrative: King's received $39,000 last year from New York's state retirement pension for his work for the Nassau County government in New York before he served in Congress. His wife, Rosemary, also received $9,000 from the state's pension fund.
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Rep. Lamar Smith, R-Texas, Chairman, House Judiciary Committee
Earned income: $174,000
Honoraria, all donated to charity: None
Major assets: Half interest in Lamar Seeligson Ranch in Premont, Texas, $250,001-$500,000; McLean, Va., rental property, $500,001-$1 million; one-third interest in Barnstable, Mass., rental property, $250,001-$500,000; residential property in San Antonio, Texas, $250,001-$500,000; American Growth Fund, $50,001-$100,000
Major sources of unearned income: Rents, royalties and surfaces leases of Lamar Seeligson Ranch, $50,001-$100,000; rental income, McLean, Va., house, $15,001-$50,000
Major liabilities: Mortgage on rental property in McLean, Va., $100,001-$250,000.
Gifts: None
Narrative: Smith is worth more than $1.5 million, with most of it invested in real estate, stock and various retirement accounts. He reported that he and his wife hold securities with a total value of $1,098,000; he listed 599 trades last year involving scores of companies, including Apple Computer, Microsoft, Dreamworks Animation and Lockheed Martin. He said an account manager controls the couple's portfolio and makes all investment decisions.
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Rep. Doc Hastings, R-Wash., chairman, House Committee on Natural Resources
Earned income: $174,000
Honoraria, all donated to charity: None
Major assets: Trust from Columbia Basin Paper and Supply Co., $500,001-$1 million; Individual Retirement Account, $100,000-$250,000; Savings account, $50,000-$100,000
Major sources of unearned income: Earnings on IRA, $15,001-$50,000; Washington state legislative pension, $2,370
Major liabilities: None
Gifts: None
Narrative: Hastings did not report any privately sponsored trips.
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Rep. Darrell Issa, R-Calif., chairman, House Oversight and Government Reform Committee
Earned income: $174,000
Honoraria, all donated to charity: None
Major assets: Greene Properties, a commercial real estate company in Vista, Calif., and holdings in Putnam High Yield Trust Fund, each worth more than $50 million
Major sources of unearned income: 11 investments, mostly in mutual funds, earned more than $1 million each
Major liabilities: Greene Properties, personal note, more than $50 million; DEI LLC., personal note, $25 million-$50 million
Gifts: None
Narrative: Issa is one of the richest members of Congress. As chairman of the House Oversight and Government Reform Committee, his jurisdiction is so vast that it could potentially conflict with almost any source of income. Issa appears to avoid any obvious conflict because he does not own individual stocks. Most of Issa's investments last year were in two areas: high income mutual funds and companies that manage properties. Issa made his fortune as owner of the company that produces Viper car alarms. He no longer runs the firm, but remains a director of the parent electronics company, DEI Holdings. He also owns the company's corporate headquarters.
In addition to Greene Properties and DEI, Issa has four other assets worth $25 million to $50 million each. He has 17 investments worth $5 million to $25 million. Issa received $825 for each of two appearances on the Bill Maher show.
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Rep. Ralph Hall, R-Texas, chairman, House Science, Space and Technology Committee
Earned income: $174,000
Honoraria: None
Major assets: Stock in Lakeside Bancshares Inc. of Rockwall, Texas, $250,001-$500,000; stock in North and East Trading Co., also of Rockwall, $250,001-$500,000
Major sources of unearned income: Capital gains on the sale of a universal life insurance policy, $50,001-$100,000
Major liabilities: None
Gifts: None
Narrative: Hall received a $65,748 Texas legislative pension last year. His estimated net worth dropped significantly from 2009, mainly because a decline in the value of his stock in a bank in his hometown of Rockwall, near Dallas. Hall is president and director of Lakeside Bancshares Inc. and chairman and director of Lakeside National Bank. His bank stock was valued at $500,001 to $1 million in 2009, but dropped to $250,001 to $500,000 last year.
Hall also is chairman and director of North and East Trading, a real estate and mineral development company. His 2010 disclosure doesn't include any liabilities, although in 2009 North and East Trading listed a loan of $100,001-$250,000. Hall owns half interest in a 152-acre farm in Hunt County, Texas, valued at $50,001 to$100,000.
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Rep. John Mica, R-Fla., chairman, House Transportation and Infrastructure Committee
Earned income: $174,000
Honoraria: None
Major assets: Winter Park, Fla., real estate, $1 million-$5 million; two lots in Blowing Rock, N.C., $500,000-$1 million; three rental units in a townhouse on Washington's Capitol Hill, $500,000-$1 million
Major sources of unearned income: Rent from Washington townhouse, $15,000-$50,000; rent from another Capitol Hill property, $5,000-$15,000; rent from two condominiums in Maitland, Fla., $5,000-$15,000; interest from First Commercial Bank account in Winter Park, Fla., $5,000-$15,000.
Major liabilities: Mortgage on the Winter Park condominiums, $15,000-$50,000
Gifts: None
Narrative: Mica's wealth is mostly real estate. His estimated net worth of $3 million-$9.3 million is a big jump over previous estimates, due mainly to his disclosure of the value of his Winter Park home. Previous disclosures listed the home, but not its worth. Mica's largest asset other than real estate was a bank account valued at $500,001-$1 million.
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Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee
Requested an extension of the May 15 filing deadline
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Rep. Ron Paul, R-Texas, Republican presidential candidate
Earned income: $174,000
Honoraria, all donated to charity: None
Major assets: Properties in Lake Jackson, Texas, $350,002-$750,000
Major sources of unearned income: Partnership income from farmland and rental property, $105,002-$1,015,000
Major liabilities: Personal loan from First National Bank of Lake Jackson, $250,001-$500,000
Gifts: None
Narrative: Paul, an obstetrician, received a medical pension of $91,185 last year. He also owns land in Oyster creek, Texas, worth $50,001-$100,000, and a condominium in Alexandria, Va., worth $100,001 to $250,000.
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Rep. Michelle Bachmann, R-Minn., Republican presidential candidate
Requested an extension of the May 15 filing deadline
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