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Financial Disclosure Summaries For Key Lawmakers

Major sources of unearned income: Municipal government bonds, including four from Milwaukee and West Bend, Wis., Pierce County, Wash., and Washington County, Utah, each earning $2,501-$5,000

Major liabilities: Campaign loan from Meadows Bank, $50,001-$100,000

Gifts: A painting valued at $650 from the Rainbow Dreams Educational Foundation, a Las Vegas-based charity; and a Dec. 23 flight for Reid and his wife, Landra, to Reno, Nev., with Sen. Diane Feinstein, D-Calif., valued at $14,500.

Narrative: Reid doesn't list any holdings of individual companies' stock, but his investment funds include some focusing on the health care, technology, financial, telecommunications and utilities sectors. The 58 separate assets he lists, while heavy on municipal bonds, land and mining claims, also include a mobile home worth $15,001-$50,000. He is president and sole beneficiary of the Harry Reid Ltd. Pension and Profit Sharing Plans, trustee of the Reid Family Revocable Trust Agreement, and a board member of the Kennedy Center for the Performing Arts in Washington D.C. He has an agreement to receive what are called "standard royalties" for his autobiography, "The Good Fight," with the proceeds donated to charity. No royalties were received last year.


Sen. Mitch McConnell, R-Ky., Senate Minority Leader

Earned income: $193,400.

Honoraria, all donated to charity: None

Major assets: Vanguard tax exempt money market fund, $5 million-$25 million, Vanguard 500 index fund, $1 million-$5 million, Sun Trust money market account, $1million-$5 million, and Washington, D.C. property, $1 million-$5 million

Major sources of unearned income: Sun Trust money market earnings, $5,001-$15,000; rent from Washington property, $5,001-$15,000

Major liabilities: None

Gifts: None

Narrative: McConnell is married to Elaine L. Chao, who served as labor secretary under President George W. Bush and is a former president of the United Way of America. Chao's many paid endeavors added to the family's assets in 2010, though McConnell is not required to disclose the amounts. In 2010, Chao received a salary from The Heritage Foundation, where she is a distinguished fellow; fees from Keppler Associates, Fox News Network and Dole Foods, Inc.; and speaking fees from the University of Illinois, Vanguard, Executive Women of New Jersey, Corning, Inc., American Chamber of Commerce, Newington Cropsey Foundation and the University of St. Thomas.

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