Financial forms depict prosperous congressmen

Townhall.com Staff
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Posted: Jun 15, 2011 4:21 PM
Financial forms depict prosperous congressmen
WASHINGTON — New House Speaker John Boehner doesn't have as many millions as his predecessor, Nancy Pelosi, but like many new committee chairmen and other leaders, he has holdings in companies that have major financial stakes in the actions of Congress.

For Boehner, that includes a portfolio of stocks in oil companies, financial firms, communication companies and pharmaceuticals. Holdings among other lawmakers include farmland, real estate and investments in high tech companies.

None of this is in any way illegal. Ethics rules state that members can't use their official positions for personal gain and limits to $26,100 what they can earn as a director of a business or for actual work performed outside Congress. The rules, however, do not limit personal investments, a source of considerable wealth for many lawmakers.