financial disclosure congress

• D.C. Lawmakers Cash in Pensions

Democratic Rep. Albio Sires and Republican Rep. Leonard Lance both did the same thing within a month of taking the congressional oath of office: They retired, and started collecting state pensions. Lance, 58, and Sires, 60, joined 74-year-old Rep. Bill Pascrell Jr. in adding pension checks from New Jersey to the $174,000 the United States pays members of Congress, financial disclosure reports released last week show.

• The Record, Bergen County, NJ
• June 22, 2011

• $6.3m and $17.2m.

WASHINGTON -- House Speaker John Boehner and Sen. Rob Portman are among the wealthiest Ohioans serving in Congress, according to financial disclosure reports released by Congress this week. Portman claimed assets worth between $6.3 million and $17.2 million. His largest asset: between $1 million and $5 million in Lebanon House Inc., a company that holds commercial properties in southern Ohio and Kentucky.

• Dayton Daily News
• June 20, 2011

• Lawmakers Urge Probe of Justice Thomas' Nondisclosures

In a letter to the U.S. Judicial Conference, 19 House lawmakers called for an investigation into whether U.S. Supreme Court Justice Clarence Thomas violated federal ethics laws by omitting information from annual financial disclosure forms. The members of Congress cite disclosure forms submitted by Thomas in past years with the box titled "none" checked in relation to his wife's income. Thomas later amended the disclosures to include $686,000 in income that his wife Virginia Thomas earned from the Heritage Foundation, calling the initial omission an oversight.

• Lawyers USA
• October 20, 2011

• Schmidt's worth grows while others take hit in bad economy ; Financial disclosure statements released by area members of Congress show decline.

WASHINGTON -- U.S. Rep. Jean Schmidt became wealthier even as the economy began to tank. She appears to be the exception, not the rule, however, according to an examination of financial disclosure statements released last week by area members of Congress.

• Dayton Daily News
• June 16, 2009

• Rockefeller, Mckinley Worth Millions: Average Constituents

West Virginia's congressional representatives are financially worth far more than the people they represent, according to recent financial disclosure reports released by the U.S. Congress. Disclosures for three of the state's five congressional representatives were released recently. Sen. Joe Manchin and Rep. Nick Rahall, both Democrats, were granted filing extensions and their data will be released later this summer.

• Charleston Daily Mail
• June 21, 2011

• 37 CFR 251.32 - Financial disclosure statement.

... CHAPTER II: COPYRIGHT OFFICE, LIBRARY OF CONGRESS. SUBCHAPTER B: COPYRIGHT ARBITRATION ROYALTY PANEL...

• Code of Federal Regulations - Title 37: Patents, Trademarks, and Copyrights

• The Case Against Exempting Smaller Reporting Companies From Sarbanes-Oxley Section 404: Why Market-Based Solutions Are Likely to Harm Ordinary Investors

Section 404 of the Sarbanes-Oxley Act of 2002 (SOX), which is arguably the most controversial of SOX's provisions, requires reporting companies (i.e., companies that are subject to the public reporting requirements of the Securities Exchange Act of 1934, the Exchange Act) to take greater responsibility for their internal control over financial reporting (ICFR). The primary objective for Section 404 is presumably to improve the accuracy of financial disclosure by requiring companies to maintain effective ICFRs. This article considers whether Congress and the SEC should go further and exempt smaller reporting companies altogether from Section 404 compliance. This article recommends that smaller reporting companies be subject to the same Section 404 requirements as large companies and that...

• Fordham Journal of Corporate & Financial Law
• Vol. 14 Nbr. 2, March 2009

• Disclosure Reports Show Snowe with Most Assets ; the Maine Republican's Worth of Up to $45 Million Dwarfs What the Rest of the State's Delegation Has.

Members of Maine's congressional delegation owned stocks, bonds, real estate, cash and other assets worth as much as $50 million in 2008, according to financial disclosure reports filed with Congress. Sen. Olympia Snowe, a Republican, is the wealthiest of the delegation's four members, with assets valued at up to $45 million, the reports show.

• Portland Press Herald
• June 18, 2009

• Strong 39 Percent Vote at Bank of America for Religious Shareholders' Proxy Resolution Maintains Growing Pressure for More Derivatives Disclosure On Wall Street ; Vote at Bofa's Annual Meeting Comes On Heels of 30 Percent Support at Citigroup On Same Resolution; More Disclosure Vital at Bofa Given How Mishandling of Cdos Tripped Up Bofa's Merrill Lynch

CHARLOTTE, N.C., April 28 /PRNewswire/ -- In the second major 2010 shareholder vote urging more derivatives disclosure, a much higher-than-expected 39 percent of Bank of America (BofA) shares were cast today in support of a resolution sponsored by faith-based institutional investors belonging to the 300-member Interfaith Center on Corporate Responsibility (ICCR). The BofA shareholder vote took place as Congress debates the fate of financial regulatory reform, including increased derivatives disclosure. The Bank of America shareholder vote improves on a 30 percent support level for the same proxy resolution at Citigroup on April 20, 2010. The ICCR member-sponsored resolution gave Bank of America shareholders an opportunity, as it did at Citigroup, to express their concerns about the lack...

• U.S. Newswire
• April 28, 2010

• Our View: Credit Card Rules Backfire On Users

The first in a series of credit card reforms went into effect this month, even as their unintended consequences already were playing out. Responding to consumer complaints about interest rate hikes, high penalties and fees and other allegedly exploitive practices after the financial meltdown in fall 2008, Congress last spring enacted the Credit Card Accountability, Responsibility and Disclosure Act.

• Gazette, The; Colorado Springs, Colo.
• September 04, 2009