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Financial Disclosure Summaries For Key Lawmakers

Major sources of unearned income: Rents, royalties and surfaces leases of Lamar Seeligson Ranch, $50,001-$100,000; rental income, McLean, Va., house, $15,001-$50,000

Major liabilities: Mortgage on rental property in McLean, Va., $100,001-$250,000.

Gifts: None

Narrative: Smith is worth more than $1.5 million, with most of it invested in real estate, stock and various retirement accounts. He reported that he and his wife hold securities with a total value of $1,098,000; he listed 599 trades last year involving scores of companies, including Apple Computer, Microsoft, Dreamworks Animation and Lockheed Martin. He said an account manager controls the couple's portfolio and makes all investment decisions.

___

Rep. Doc Hastings, R-Wash., chairman, House Committee on Natural Resources

Earned income: $174,000

Honoraria, all donated to charity: None

Major assets: Trust from Columbia Basin Paper and Supply Co., $500,001-$1 million; Individual Retirement Account, $100,000-$250,000; Savings account, $50,000-$100,000

Major sources of unearned income: Earnings on IRA, $15,001-$50,000; Washington state legislative pension, $2,370

Major liabilities: None

Gifts: None

Narrative: Hastings did not report any privately sponsored trips.

___

Rep. Darrell Issa, R-Calif., chairman, House Oversight and Government Reform Committee

Earned income: $174,000

Honoraria, all donated to charity: None

Major assets: Greene Properties, a commercial real estate company in Vista, Calif., and holdings in Putnam High Yield Trust Fund, each worth more than $50 million

Major sources of unearned income: 11 investments, mostly in mutual funds, earned more than $1 million each

Major liabilities: Greene Properties, personal note, more than $50 million; DEI LLC., personal note, $25 million-$50 million

Gifts: None

Narrative: Issa is one of the richest members of Congress. As chairman of the House Oversight and Government Reform Committee, his jurisdiction is so vast that it could potentially conflict with almost any source of income. Issa appears to avoid any obvious conflict because he does not own individual stocks. Most of Issa's investments last year were in two areas: high income mutual funds and companies that manage properties. Issa made his fortune as owner of the company that produces Viper car alarms. He no longer runs the firm, but remains a director of the parent electronics company, DEI Holdings. He also owns the company's corporate headquarters.

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