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Caught Our Eye

Some departing members of Congress have failed to file required disclosures

Posted by Daimon Eklund on Feb. 21, 2013

For the departing members of Congress, there is one final piece of bookkeeping to complete after they've left their Capitol office for good. Each member has to fill out one more personal financial disclosure, the last official look at the financial picture of the legislators before they move into private life.

Those termination filings are supposed to be filed within 30 days of the member's departure, but 14 former House members have not yet filed a termination report or a deadline extension.

About a dozen other former lawmakers filed their final reports after Feb. 4. So far 53 former members have submitted their termination reports since the new Congress began on Jan. 3, with most of those coming near or after the deadline, and another 18 have received 90-day deadline extensions.

The departing members who have not yet filed their required termination report:

Rep. Steve Austria (R-Ohio)
Rep. Dan Burton (R-Ind.)
Rep. Robert Dold (R-Ill.)
Rep. Barney Frank (D-Mass.)
Rep. Frank Guinta (R-N.H.)
Rep. Tim Holden (D-Pa.)
Rep. Steven LaTourette (R-Ohio)
Rep. Brad Miller (D-N.C.)
Rep. Laura Richardson (D-Calif.)
Rep. David Rivera (R-Fla.)
Rep. Jean Schmidt (R-Ohio)
Rep. Ed Towns (D-N.Y.)
Rep. Joe Walsh (R-Ill.)
Rep. Allen West (R-Fla.)

In addition, Rep. Jesse Jackson Jr. (D-Ill.) has not filed a termination report since his resignation on Nov. 21, 2012, although it's probably not high on his priority list. Jackson pled guilty in federal court Wednesday to criminal charges relating to spending campaign funds for his personal use.

LegiStorm has all of the termination reports which have been filed available online, and you can always see the newest fliings in our system at the recent member filings page.

Along with the termination reports, members of Congress have been filing lists of their latest stock transactions, which are required since the passage of last year's STOCK Act. Since the New Year, there have been 105 disclosures filed. That's about the same pace as last year - from the start of October, when the filing requirement kicked in, until the end of 2012 members of Congress turned in 301 stock transaction reports.