ethics in government act

Eric Cantor's Wealth Can Tide Him Over

Although Rep. Eric Cantor,  R-Va., will leave his current job in January 2015, he won't feel the pain of other unemployed people, since his family wealth will easily tide him over until his next job.  

According to his personal financial wealth statement filed in May, and covering 2013, Cantor's major family assets include: $1 million to $5 million in stock of Domino's Pizza Inc. as well as $250,001 to $500,000 in stock options.; $1 million to $5 million in a note receivable for real estate development in Richmond Resources Ltd.; $500,001 to $1 million in a note receivable for commercial real estate with Richmond Resources Hickory Park LLC; $500,001 to $1 million in deferred stock units of Media General Inc.; $250,001 to $500,000 of stock in Qualcomm Inc.; $250,001 to $500,000 in Water Tower Associates LLC; $250,001 to $500,000 in SK Holdco LLC, a collision repair company; $250,001 to $500,000 in Thirteen Capital Associates; $250,001 to $500,000 in Bank of America bank accounts; as well as many other investment holdings.  

Personal Finances of President Obama and Vice President Biden Disclosed

President Obama and Vice President Biden filed their personal financial disclosure reports this week and the White House has made them public.  

The Ethics in Government Act requires the annual personal wealth and financial reports from persons in the top paying positions in the Executive, Legislative, and Judicial branches of government. Candidates for Congress are also required to file.