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Senator rockefeller financial disclosures

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Politics - U. S. Congress

List of Congress Financial Disclosures
Fri Jun 13,12:59 PM ET Add Politics - U. S. Congress to My Yahoo!

By The Associated Press

Summaries of the 2002 financial disclosure statements of Senate leaders and chairmen and ranking members of Senate committees:

Sen. Bill Frist (news, bio, voting record), R-Tenn., Senate majority leader.
Earned income: $150,000.
Honoraria, all donated to charity: $2,000.

Major assets: Blind trusts, $6.5 million-$31 million.

Major sources of unearned income: Blind trusts, more than $5 million.

Major liabilities: Bank line of credit, $100,000-$250,000.
Gifts: None.

Narrative: A surgeon whose family founded the giant Hospital Corp. of America, now known as HCA, Frist put his holdings in that company and other assets into blind trusts when he entered the Senate in 1995.

Frist's wife, Karyn, and sons Harrison, Jonathan and Bryan, each have blind trusts valued at more than $1 million. His wife and sons also reported earning more than $1 million each from their trusts.

Frist is on leave from Vanderbilt University's cardiac and thoracic surgery department, where is a professor. He also serves on the boards of the Smithsonian Institution (news - web sites), the Frist Center for the Visual Arts in Nashville, Tenn., and the American Running Association. He is a marathon runner.

Frist reported accepting one-way air travel expenses in March 2002 to West Palm Beach, Fla., to speak to the Pharmaceutical Research and Manufacturers of America. He also accepted round-trip air travel to Vail, Colo., and lodging expenses in June 2002 for himself and two sons when he addressed the American Enterprise (news - web sites) Institute.
_______________
Sen. Mitch McConnell (news, bio, voting record), R-Ky., Senate majority whip.
Earned income: $150,000.
Honoraria, all donated to charity: None.
Major assets: Money market fund, $100,000-$250,000; stock mutual fund, $50,000-$100,000.

Major sources of unearned income: Dividends on money market fund, $1,000-$2,500.

Major liabilities: None.

Gifts: None.

Narrative: McConnell is married to Labor Secretary Elaine Chao. She reported one stock mutual fund worth $500,000-$1 million and another worth $100,000-$250,000. Chao also owns a house worth $500,000-$1 million that the couple rents for $5,000-$15,000.

_______________

Sen. Tom Daschle, D-S.D., Senate Democratic leader.

Earned income: $166,700.

Honoraria, all donated to charity: None.

Major assets: Bank account, $100,001-$250,000; credit union account, $50,001-$100,000; Fidelity investment fund, $50,001-$100,000.

Major sources of unearned income: Interest and dividends from bank and mutual-fund accounts, $10,420-$32,402.

Major liabilities: None.

Gifts: None.

Narrative: Daschle's wife, Linda, is a lobbyist with the firm of Baker, Donelson, Bearman and Caldwell. A former deputy administrator of the Federal Aviation Administration (news - web sites), she has represented airlines and aerospace companies, among other clients.

_______________

Sen. Harry Reid (news, bio, voting record), D-Nev., Senate Democratic whip and ranking Democrat on the Senate Ethics Committee.

Earned income: $150,000.

Honoraria, all donated to charity: $17,750.

Major assets: 160 acres in Bullhead City, Ariz., $500,001-$1 million; Nevada land holdings and mining claims, $786,000-$1.675 million.

Major sources of unearned income: Municipal bonds and investment accounts, $29,116-$85,050.

Major liabilities: Loan from Harry Reid Ltd., law firm, $50,001-$100,000.

Gifts: None.

Narrative: Reid remains president and trustee of his law firm and related pension plans. He also is on the board of the Kennedy Center for the Performing Arts and the Holocaust Museum in Washington.

_______________

Sen. Edward M. Kennedy, D-Mass., ranking Democrat on the Senate Health, Education, Labor & Pensions Committee.

Earned income: $150,000.

Honoraria, all donated to charity: $16,500.

Major assets: Four Kennedy family trust funds, $8 million-$45 million; two blind trusts, $1 million-$5 million.

Major sources of unearned income: $2 million-$13 million from family and blind trusts.

Major liabilities: None.

Gifts: None.

Narrative: Kennedy's wife, Victoria Reggie Kennedy, owned undeveloped land in Lafayette, La., worth $100,001-$250,000. Kennedy's honoraria was for monthly appearance on the "Face Off" radio program. He donated the money to the Cape Cod Hospital Foundation and The Jimmy Fund.

_______________

Sen. John Kerry (news, bio, voting record), D-Mass., ranking Democrat on the Senate Small Business Committee.

Earned income: $150,000.

Honoraria, all donated to charity: None.

Major assets: Four trusts, $400,000-$1.75 million; Dutch painting owned jointly with his wife, $250,000-$500,000.

Major sources of unearned income: None.

Major liabilities: Bank line of credit, $250,001-$500,000.

Gifts: None.

Narrative: Kerry inherited three trusts from his mother, Rosemary Kerry, who died last year. Kerry's wife, Teresa Heinz Kerry, is heir to the Heinz food fortune and her wealth is estimated at more than $500 million. Her holdings include millions of dollars in H.J. Heinz Co., Del Monte Foods, Pfizer Inc., Walgreen Co., Wal-Mart, Gannett and General Electric. She also is an owner of the Thyme Square Restaurant and the Flying Squirrel charter airline.

Sen. Ted Stevens (news, bio, voting record), R-Alaska, chairman of the Senate Appropriations Committee.

Earned income: $150,000.

Honoraria, all donated to charity: None.

Major assets: Alaska real estate, $815,000-$1.7 million; Florida real estate, $100,000-$250,000; credit union account, $250,000-$500,000.

Major sources of unearned income: Real estate income, $15,905; oil wells, $722.

Major liabilities: None.

Gifts: None.

Narrative: Totem Ocean Trailer Express, an Alaska company that ships cargo between Anchorage, Alaska, and Tacoma, Wash., flew Stevens to San Diego last August to give a speech. He is on the board of the John F. Kennedy Center for the Performing Arts and the Dwight D. Eisenhower Memorial Commission. Two of his real estate ventures reported losses of $28,034 last year.

_______________

Sen. Robert Byrd (news, bio, voting record), D-W.Va., ranking Democrat on the Senate Appropriations Committee.

Earned income: $166,700.

Honoraria, all donated to charity: None.

Major assets: Individual retirement account, $250,000-$500,000; certificate of deposit, $50,000-$100,000.

Major sources of unearned income: IRA interest, $15,000-$50,000; interest on CD, $2,500-$5,000.

Major liabilities: None.

Gifts: None.

Narrative: Byrd was president pro tem of the Senate last year when the Democrats controlled the chamber, which increased his salary by $16,700. Unlike many of his colleagues, Byrd listed few assets in a disclosure form of just two pages. He owns no stock, no bonds and no investment properties. In a chamber of millionaires, his net worth is under $700,000.

_______________

Sen. Joseph I. Lieberman, D-Conn., ranking Democrat on the Senate Governmental Affairs Committee (news - web sites).

Earned income: $186,460.

Honoraria, all donated to charity: None.

Major assets: Blind trust, $100,001-$250,000, terminated in April 2003.

Major sources of unearned income: Capital gains and interest, $2,501-$5,000.

Major liabilities: None.

Gifts: None.

Narrative: Lieberman received a $20,000 trustee fee for a family trust. He earned $16,460 in book royalties and signing agreements for the book he and his wife, Hadassah, wrote about his 2000 vice presidential campaign, "An Amazing Adventure." Hadassah Lieberman also earned $94,000 in fees for eight speeches, all to various Jewish nonprofit organizations. She owns stocks and has a cash bank account worth $50,001-100,000.

_______________

Sen. Christopher J. Dodd, D-Conn., ranking Democrat on the Senate Rules Committee.

Earned income: $150,000.

Honoraria, all donated to charity: None.

Major assets: Cottage in Dublin, Ireland, $100,000-$250,000; Washington property, $15,001-$50,000.

Major sources of unearned income: Cottage rental income, $2,501-$5,000; Washington, D.C. property rental income, $5,001-$15,000.

Major liabilities: Cottage in Dublin, Ireland, mortgage, $100,000-$250,000.

Gifts: None.

Narrative: Dodd paid off the original $15,001-$50,000 mortgage on the Ireland cottage and took out a new mortgage at a lower interest rate. The Mohegan Tribe paid for Dodd to travel to Connecticut for a golf tournament; the Hibernian Society paid for him to travel to South Carolina for a speech; and the University of North Dakota paid for a trip to Grand Forks, N.D., to deliver a commencement address. Dodd's wife, Jackie Clegg, has a bank account worth between $50,001-$100,000.

_______________

Sen. Richard Lugar (news, bio, voting record), R-Ind., chairman of the Senate Foreign Relations Committee.

Earned income: $150,000.

Honoraria, all donated to charity: $14,500.

Major assets: Savings account, $100,000-$250,000; retirement fund, $100,000-$250,000; bakery equipment manufacturer, $100,000-$250,000; Indiana farm, $50,000-$100,000.

Major sources of unearned income: Farm, $2,423; bakery manufacturer, $1,187.

Major liabilities: Loans against life insurance, $115,000-300,000.

Gifts: Walnut Council Prize, valued at $1,000.

Narrative: Lugar's honoraria included $2,000 for speaking to the World Media Association, which was founded by the Rev. Sun Myung Moon; $2,000 for addressing the American Family Coalition, which promotes abstinence; and $2,000 for speaking at Laffer Associates, whose chairman, Arthur Laffer, is a leading proponent of supply-side economics. Lugar holds 14 positions with nonprofit groups, including the University of Indianapolis, Hispanic Center of Indianapolis, Center for Strategic and International Studies, Harvard University's Joan Shorenstein Center on the Press, Politics and Public Policy. He also has an advisory position with the Aspen Institute, which flew him and his wife to attend congressional programs in London; Punta Mita, Mexico (twice); and Scottsdale, Ariz.

_______________

Sen. Joseph Biden (news, bio, voting record) Jr., D-Del., ranking Democrat on the Senate Foreign Relations Committee.

Earned income: $171,866.

Honoraria, all donated to charity: None.

Major assets: Tax-sheltered annuity account, $6,006-$90,000; life insurance policies, $15,001-$50,000; retirement fund, $3,003-$45,000; Delaware state pension plan, $15,001-$50,000.

Major sources of unearned income: Interest, $1,403-$4,700; dividend on life insurance policies, $1,001-$2,500.

Major liabilities: Lines of credit with Delaware banks, $175,005-$365,000; loan from Senate employees credit union, $15,001-$50,000; loans against life insurance policies, $15,001-$50,000; personal loan, $100,001-$250,000.

Gifts: None.

Narrative: Biden's earned income includes a law school teaching stipend of $21,866 from Widener University in Chester, Pa. His wife teaches at Delaware Technical & Community College. The World Economic Forum (news - web sites) of Davos, Switzerland, provided two nights of lodging for Biden and his wife to attend a conference; the Syracuse University Law School provided round-trip airfare for Biden, who delivered the commencement speech.

Sen. Paul Sarbanes (news, bio, voting record), D-Md., ranking Democrat on the Senate Banking, Housing and Urban Affairs Committee.

Earned income: $150,000.

Honoraria, all donated to charity: None.

Major assets: home, $100,000-$250,000; credit union, $100,000-$250,000; bank account, $50,000-$100,000; retirement funds, $16,000-$65,000.

Major sources of unearned income: interest on credit union account, $5,000-$15,000; bank interest, $1,000-$5,000.

Major liabilities: None.

Gifts: None.

Narrative: Sarbanes is a member of the board of visitors of the U.S. Naval Academy and the University of Maryland's School of Public Affairs. He is a trustee of Princeton University, his alma mater.

_______________

Sen. John D. Rockefeller IV, D-W.Va., ranking Democrat on the Senate Select Committee on Intelligence.

Earned income: $150,000.

Honoraria, all donated to charity: None.

Major assets: Three blind trusts, one worth more than $50 million, one worth $25 million- $50 million, and a third valued at $5 million-$25 million.

Major sources of unearned income: Blind trusts, $1 million-$7 million.

Major liabilities: United National Bank of Charleston, W.Va., loan, $1 million-$5 million.

Gifts: None.

Narrative: All of the family's stock purchases and sales in 2002 were by Rockefeller's wife, Sharon, president and chief executive officer of WETA, the Public Television station in Washington. Most of the transactions were between $15,000 and $50,000.

_______________

Sen. Daniel Inouye (news, bio, voting record), D-Hawaii., chairman of the Senate Indian Affairs Committee.

Earned income: $150,927.

Honoraria, all donated to charity: $92.

Major assets: Stock in Central Pacific Bank, Honolulu, $500,001-$1,000,000; Bank accounts, $250,001-$500,000; certificate of deposit, $15,001-$50,000; savings bonds, $15,001-$50,000.

Major sources of unearned income: Interest $15,202-$51,000; CPB stock dividends, $5,001-$15,000.

Major liabilities: None.

Gifts: None.

Narrative: Inouye received a state pension worth $1,161, having served in the House and Senate when Hawaii was a territory. He received $927 in book royalties for his autobiography. He is chairman of the board of governors of the Japanese American National Museum in Los Angeles.

_______________

Sen. John Breaux (news, bio, voting record), D-La., ranking Democrat on the Senate Aging Committee.

Earned income: $150,000.

Honoraria, all donated to charity: $8,000.

Major assets: Checking account, $15,001-$50,000; stock, $9,009 to $135,000; Meager Means Investment Club, $1,001-$15,000.

Major sources of unearned income: None.

Major liabilities: None.

Gifts: None.

Narrative: Breaux is a board member of the Washington Tennis Foundation in Washington, D.C. His honoraria included $2,000 each for speeches at the Bryce Harlow Foundation in Washington, D.C.; the Fay Improvement Co., in San Francisco; the College of American Pathologists in Northfield, Ill.; and the Connell Co. in Berkeley Heights, N.J. His wife owns Louisiana real estate worth $30,002-$100,000.

_______________

Sen. Larry Craig (news, bio, voting record), R-Idaho, chairman of the Senate Aging Committee.

Earned income: $150,000.

Honoraria, all donated to charity: None.

Major assets: Retirement account, $100,000-$250,000; credit union, $50,000-$100,000.

Major sources of unearned income: Interest on credit union account, $2,500-$5,000.

Major liabilities: None.

Gifts: None.

Narrative: Craig is a director of the National Rifle Association, the powerful lobbying group for gun owners' rights. The NRA flew him to Reno, Nev., in April to address the group.

_______________

Sen. Trent Lott (news, bio, voting record), R-Miss., chairman of the Senate Rules Committee.

Earned income: $166,700.

Honoraria, all donated to charity: None.

Major assets: Money market fund, $50,001-$100,000; rental real estate in Hattiesburg, Miss., $15,001-$50,000; 161 acres of unimproved land in Carroll County, Miss., $15,001-$50,000.

Major sources of unearned income: Rent from Hattiesburg real estate, $5,001-$15,000.

Major liabilities: York & Lott real-estate partnership note, $50,001-$100,000.

Gifts: None.

Narrative: As Senate Republican leader during 2002, Lott received $16,700 more in salary than senators not in the leadership. Lott is a partner in the York & Lott real-estate partnership based in Hattiesburg, Miss. Last September, he sold 200 shares of WorldCom stock, 100 shares of Ericsson (news - web sites) stock and 100 shares of Friede Goldman Halter stock.

_______________

Sen. Susan Collins (news, bio, voting record), R-Maine, chairwoman of the Senate Government Affairs Committee.

Earned income: $150,000.

Honoraria, all donated to charity: $2,000.

Major assets: Deferred compensation plan, $15,001-$50,000; retirement funds, $65,002-$150,000; bank account, $15,001-$50,000; credit union, $15,001-$50,000

Major sources of unearned income: Earnings from a family-owned lumber and building materials business, $4,363.

Major liabilities: None.

Gifts: None.

Narrative: Collins received $2,000 for speaking to the Council for Opportunity in Education, which works to expand equal opportunities at colleges and universities for minorities and low-income youth.

Sen. Arlen Specter (news, bio, voting record), R-Pa., chairman of the Senate Veterans' Affairs Committee.

Earned income: $150,000.

Honoraria, all donated to charity: $4,000.

Major assets: Vanguard retirement bonds, $1 million-$5 million; Vanguard stock, $500,000-$1 million; Microsoft Corp. stock, $50,000-$100,000; New Jersey real estate, $250,000-$500,000.

Major sources of unearned income: Vanguard bonds interest, $15,000-$50,000; New Jersey rental property, $5,000-$15,000.

Major liabilities: None.

Gifts: None.

Narrative: Specter and his wife, Joan, received dividends from several blue-chip companies, including AT&T, Oracle, American Express, Disney and Comcast. He was reimbursed for airfare from Philadelphia to Houston for talks between the U.S. and Syria at Rice University in May 2002.

_______________

Sen. James Jeffords (news - web sites), I-Vt., ranking member of the Senate Environment and Public Works Committee.

Earned income: $251,525.

Honoraria, all donated to charity: None.

Major assets: Interest in Brandon Estates, a land development in Brandon, Vt., $50,000-$100,000; Rental property in Rutland, Vt., $100,000-$250,000.

Major sources of unearned income: None.

Major liabilities: Mortgage, $50,000-$100,000; Equity line of credit, $50,000-$100,000.

Gifts: None.

Narrative: Jeffords received $101,000 in royalties on two books, one a memoir and the other about his decision to leave the Republican Party and become an independent. He also received a trustee fee of $525 from the Cora Pratt Trust.

_______________

Sen. Judd Gregg (news, bio, voting record), R-N.H., chairman of the Senate Health, Education, Labor and Pensions Committee

Earned income: $151,000.

Honoraria, all donated to charity: None.

Major assets: Fleet Bank stock, $1 million-$5 million; real estate holdings in New Hampshire and Florida, $345,006-$900,000; Bristol Myers stock, $250,001-$500,000; Exxon stock, $50,001-$100,000; DuPont stock, $15,001-$50,000.

Major sources of unearned income: Fleet Bank dividends, $100,001-$1 million; interest and return of capital from Flashpoint Technology, a Peterborough, N.H., software manufacturer, $15,001-$50,000; rental income, $5,001-$15,000.

Major liabilities: None.

Gifts: None.

Narrative: The Invest to Compete Alliance, which represents the manufacturing and service industries, reimbursed Gregg for expenses he and his wife incurred while attending a seminar last December in Palm Beach, Fla.

Gregg sold land in Greenfield and Alstead, N.H., each transaction worth $15,001-$50,000; He made several investments, ranging from $1,001 to $50,000, in two venture capital software firms, a crystal manufacturer and another software company.

He received $1,000 in trustee fees for the Ella C. Gregg Trust.

_______________

Sen. Pat Roberts (news, bio, voting record), R-Kan., chairman of the Senate Select Committee on Intelligence.

Earned income: $150,000.

Honoraria, all donated to charity: $2,000.

Major assets: Condominium in Alexandria, Va., $100,001-$250,000; commercial lot in Sumter, S.C., $100,001-$250,000; residence in Dodge City, Kan., $100,001-$250,000; money market accounts and mutual funds, $117,004-$330,000; stocks in Dell Computer Corp., Microsoft Corp., AOL Time Warner Inc. and Cisco Systems Inc., $4,004-$60,000.

Major sources of unearned income: Rent from Virginia and Dodge City properties and installment interest on Sumter land, $15,015-$45,000 each.

Major liabilities: None.

Gifts: None.

Narrative: Roberts' wife, Franki, invests in the stock market and belongs to the Meager Means Investment Club. She owned nearly four dozen stocks worth $41,041-$515,000, many in high-tech and energy companies. Most paid dividends of less than $201; two paid $201-$1,000 apiece. She made eight stock sales and 18 purchases, with most of the transactions worth $1,001-$15,000 each.

Roberts' speaking fee, donated to charity, was from a McGraw-Hill Defense Budget Conference in New York.

_______________

Sen. Carl Levin (news, bio, voting record), D-Mich., ranking Democrat on the Senate Armed Services Committee (news - web sites).

Earned income: $150,000.

Honoraria, all donated to charity: None.

Major assets: Home in Washington, D.C., $250,001-$500,000; real estate in Livingston County, Mich., $200,003-$450,000; commercial real estate in Birmingham, Mich., $100,001-$250,000.

Major sources of unearned income: Rent from Birmingham commercial property, $15,001-$50,000; rent on unit in Washington residence, $5,001-$15,000; Dividends from American Fund, Bond Fund of America, $2,501-$5,000.

Major liabilities: None.

Gifts: None.

Narrative: Levin is listed as a general partner in LRS Co., a real estate company that owns property in Romulus and Pontiac Township, Mich.

Levin also reported assets of his wife, Barbara Levin, who recently retired from Energy Conversion Devices Inc. of Troy, Mich. They include IRAs worth $65,002-$150,000; a money market account, $15,001-$50,000; and U.S. Savings Bonds, $15,001-$50,000.

_______________

Sen. Charles Grassley (news, bio, voting record), R-Iowa, chairman of the Senate Finance Committee.

Earned income: $150,000.

Honoraria, all donated to charity: $4,000.

Major assets: Some three dozen separate investments, mostly in mutual funds; the largest is a bond fund worth $100,001-$250,000; farmland in Iowa, worth more than $700,000.

Major sources of unearned income: More than $105,000 in farm income.

Major liabilities: Farm mortgage, $100,001-$250,000.

Gifts: None.

Narrative: Grassley's net farm income was $36,950. Although Grassley was a key player in the recent bill to lower taxes on dividends, he would benefit little. Virtually all his investments brought in dividend income of less than $201.




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