15 June 2007

Congressional Financial Disclosures

I haven't had a chance yet to crunch the numbers, but The Associated Press has this overview of the latest financial disclosure reports from West Virginia's Congressional delegation.

The highlights from the AP article:

* As one of Congress' wealthiest members, Sen. Jay Rockefeller has assets including 3 blind trusts worth between $80 million and $125 million, which generate between $2.1 million and $11 million in annual income;

* Sen. Robert C. Byrd lists an IRA worth between $100,000 and $200,000 as the largest of 3 investments;

* Rep. Alan Mollohan listed real estate in North Carolina, as well as rental properties in Fairmont, Canaan Valley and Washington, D.C. that yielded between $35,000 and $115,000 in income;

* Rep. Shelley Moore Capito has a number of investments, inc.luding two worth between $65,000 and $150,000;

* Rep. Nick Rahall disclosed 10 acres in North Carolina as well as a time share in South Carolina that generated between $1,000 and $2,500.

A national sidebar to the AP's coverage of the reports notes that "Mollohan, formerly the top Democrat on the House ethics committee, has acknowledged in the past that he filed inaccurate financial statements and asked the House Clerk's office to correct or amend more than a dozen items on his reports dating back to 2000. The Justice Department also is investigating whether he has benefited from directing federal funds to nonprofit groups he helped start."

You can download PDF copies of both Senate and House reports from PoliticalMoneyLine, a service of Congressional Quarterly (it did not appear to have Rahall's report scanned in as of Friday morning, however).

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