Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
September 3, 2014

New Stock Transactions & Ted Cruz’s Personal Wealth Amendment

New disclosures by members of Congress show recent stock transactions and amendments correcting their annual statements of personal wealth.

Sen. Ted Cruz, R-Texas, amended his personal financial disclosure report covering 2012 to show he had under reported the value of a Goldman Sachs money market, jointly held by he and his spouse. He indicated it was worth between $500,001 and $1 million, rather than the 250,001 to $500,000 he previously reported on May 15, 2013.

His amendment also clarified that two liabilities had been paid off. One was a $250,001 to $500,000 line of credit with Citibank incurred in 2012, which his amendment stated was “paid off in 2012.” The other was $250,001 to $500,000 margin loan with Goldman Sachs incurred in 2012, which the amendment stated was “paid off in 2012.”

He also shifted one non-publicly traded asset into a category for Agreements of Arrangements, and provided a more detailed description. It is now listed as a Promissory Note from Caribbean Equity Partners Investment Holdings Ltd (Kingston, Jamaica) 1999. It had previously been listed as Promissory Note from CEP Investments Holding Ltd, with a value between $100,001 to $250,000.

Rep. Suzan DelBene, D-Wash., reported she sold Microsoft Corporation stock valued between $1,000,001 and $5 million on 9/4.

Rep. Chris Stewart, R-Utah, reported he bought $250,001 to $500,000 of Servergy Inc. on 8/26.

Rep. Richard Hanna, R-N.Y., reported he sold $100,001 to $250,000 of Kellogg Company stock on 9/24.

Rep. John Delaney, D-Md., reported he bought $100,001 to $250,000 of Birmingham Alabama Waterworks 5% bond on 9/4.

  • nolie

    Is there a point to this story, other than the chance to put out a negative sounding headline about a republican?

    • Cavendish

      Not sure that it sounds negative. Just sounds like a statement of fact; unless you feel they are singling out Ted Cruz.

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