Financial disclosure summaries for key lawmakers

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Posted: Jun 15, 2011 12:08 PM
Financial disclosure summaries for key lawmakers

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. 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-Wisc., chairman of the House Budget Committee. McCarthy reported no book earnings during 2010.

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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-Wisc., 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, Wisc., in January 2010. Ryan's wife, Janna, is a partner in mining and oil companies in Madill, Okla.

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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. 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. 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. 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