Financial disclosure reports for Democratic, Republican leaders in Congress

By AP
Wednesday, June 16, 2010

Financial disclosures for congressional leaders

Senate Majority Leader Harry Reid, D-Nev.

Earned income: $193,400.

Honoraria, all donated to charity: None.

Major assets: 54 percent interest in 55 acres of patent survey in Nevada, $500,001-$1 million; 160 acres in Bullhead City, Ariz., $250,001-$500,000; interest in two other patented mining claims, $500,002-$1 million. Eighteen county and state bonds each valued in the $50,001-$100,000 range. Three stock funds in the $50,001-$100,000 range.

Major sources of unearned income: Interest from school district, county and state bonds, $34,000-$79,500. Stock dividends, $6,400-$19,000.

Major liabilities: None listed.

Gifts: Reid reports a gift of $3,625 from Sen. Dianne Feinstein for a Christmas Eve flight with Feinstein to California.

Narrative: Reid has owned portions of mining claims in Nevada for year, including old claims around his hometown of Searchlight. Reid is president, trustee, sole owner and sole beneficiary of the Harry Reid Ltd. and Pension and Profit Sharing Plans. He is a board member of the Kennedy Center for the Performing Arts.

House Speaker Nancy Pelosi, D-Calif.

Earned income: $325,661, including book royalties.

Honoraria: None.

Major assets: Home and vineyard in St. Helena, Calif., jointly owned with husband, Paul, $5 million to $25 million; home in Norden, Calif., co-owned with husband, $1 million to $5 million; commercial property in San Francisco co-owned with husband, $500,000 to $1 million.

Major sources of unearned income: Rent on real estate in Napa, Calif., jointly owned with husband, $15,000 to $50,000.

Major liabilities: $1 million to $5 million for mortgage on St. Helena, Calif., home and vineyard jointly owned with husband.

Gifts: None.

Narrative: Pelosi’s earned income comes from her speaker’s salary of $223,500, plus $102,161 she earned in book royalties. Much of the Pelosi family wealth is listed to her husband, including a commercial property in San Francisco worth $5 million to $25 million; common stock in Apple Inc. and Visa Inc. worth $1 million to $5 million each; a partnership in a team in the independent United Football League, worth $1 million to $5 million; an interest in Matthews International Capital Management, a San Francisco company specializing in Asian investment, worth $1 million to $5 million; and numerous other holdings. Major sources of income attributed to her husband include $1 million to $5 million in capital gains from selling Apple stock.

House Majority Leader Steny Hoyer, D-Md.

Earned income: 193,400

Honoraria, all donated to charity: None.

Major assets: Legg Mason Value Trust Fund, $250,001-$500,000; Investment Company of America, $15,001-$50,000; Congressional Federal Credit Union account, $15,001-$50,000; money market fund, $1,001-$15,000.

Major sources of unearned income: Dividends from the Legg Mason Value Trust Fund, $2,501-$5,000; dividends from Income Fund of America, $1,001-$2,500; a legislative pension of $20,481 from the state of Maryland.

Major liabilities: None.

Gifts: None.

Narrative: Hoyer listed one trip to Tel Aviv, Israel, that was paid for by the American Israel Education Foundation. He is a member of the St. Mary’s College Board of Trustees.

House Majority Whip James Clyburn, D-S.C.

Earned income: $174,000.

Honoraria, all donated to charity: None.

Major assets: Investment Entrepreneurs LLC, $100,001-$250,000; half ownership of property in Sumter, S.C., $50,001-$100,000; Bank of America retirement account, $15,001-$50,000; Merrill Lynch retirement account, $15,001-$50,000, SCANA Corporation investment, $15,001-$50,000.

Major sources of unearned income: South Carolina Retirement System, $52,282; rent from Sumter property, $2,501-$5,000; dividends from SCANA Corp. investment, $1,001-$2,500

Major liabilities: None.

Gifts: None.

Narrative: Clyburn, the third-ranking Democrat in the House, was reimbursed for eight domestic trips in 2009, including an April trip to San Antonio, Texas, paid for by Pharmaceutical Research and Manufacturers of America and a July trip from Charlotte, N.C., to New Orleans paid for by McDonalds USA. He serves on the boards of four organizations, including Allen University in Columbia, S.C., the Palmetto Conservation Fund and the Congressional Black Caucus Political Education & Leadership Institute. Clyburn, who served 18 years as South Carolina’s Human Affairs commissioner, received a pension payment of $52,282 from the state.

House Minority Whip Eric Cantor, R-Va.

Earned income: $174,000.

Honoraria, all donated to charity: None.

Major assets: Rental property in Arlington, Va., $500,001-$1,000,000; Media General Inc. deferred compensation stock, $250,001-$500,000; Bank of America Accounts $100,001-$250,000; Goldman Sachs money market fund $100,001-$250,000; Qualcomm Inc. stock $100,001-$250,000; Richmond Resources Ltd., note receivable (real estate development), $100,001-$250,000; TrustMor Mortgage Co., LLC., (two separate investments) $100,001-$250,000; Virginia Credit Union accounts $100,001-$250,000.

Major sources of unearned income: None.

Major liabilities: Countrywide Bank, mortgage, $250,001-$500,000.

Gifts: None.

Narrative: Cantor has two investments in companies whose stock suffered huge declines: stock in Fannie Mae, worth $1,001 to $15,000; and stock in General Motors, now listed as Motors Liquidation Co., valued between $1 and $1,000.

____

Sen. Robert Byrd, D-W.Va., Senate pro tempore.

Earned income: $193,400.

Honoraria, all donated to charity: None.

Major assets: Individual retirement account, $100,000-$250,000. Rental property in Shepherdstown, W.Va., $250,001-$500,000.

Major sources of unearned income: Interest on IRA, $5,001-$15,000; income from rental property, $15,001-$50,000.

Major liabilities: None.

Gifts: None.

Narrative: The longest-serving senator in U.S. history, the 92-year-old Byrd is renowned for bring home millions in projects to his home state of West Virginia, but he has never accumulated the personal wealth enjoyed by many of his Senate colleagues.

____

Senate Minority Whip Jon Kyl, R-Ariz.

Earned income: $174,000.

Honoraria, all donated to charity: None.

Major assets: Three IRAs, one with a value of $146,000, the second valued at $113,000, and the third at $127,000.

Major sources of unearned income: None.

Major liabilities: None.

Gifts: None

Narrative: Most of Kyl’s assets are in individual retirement accounts.

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