The recently filed disclosure reports by the four US MPs from Iowa shed light on the finances of elected officials who will likely all run again in 2022.
For example, two of the delegates from Iowa have real estate mortgages, recorded as liabilities. But the filing rules don’t require that real estate they own be listed as assets unless they are earning rental income from it.
Collectively, Iowa delegates also have investments, rental income, deferred compensation, and other income in addition to the salaries they receive for holding public office.
These are the first federal financial statements filed by freshman U.S. Reps Ashley Hinson, Mariannette Miller-Meeks and Randy Feenstra, all of whom took office in January.
First District U.S. Representative Ashley Hinson speaks at a town hall at Kirkwood Community College in southwest Cedar Rapids, Iowa on Wednesday, September 8, 2021 (Jim Slosiarek / The Gazette)
Hinson, a Republican who represents the 1st District of Iowa, submitted her new Filer Financial Disclosure Form on August 13. All members of the United States House and Senate received an extension to the initial filing deadline in April.
She reported 2020 earned income of $ 32,801.73 for her salary at Iowa House, where she served from 2017 to 2021. This includes her annual salary of $ 25,000 and per diem paid to members of the the Legislative Assembly.
Hinson said she received between $ 5,001 and $ 15,000 in rent from the building that houses Elliott Hartman Insurance Services, the Waterloo company co-owned by her husband, Matt Arenholz.
As a liability on his 2020 disclosure form, Hinson listed a mortgage of $ 50,001 to $ 100,000 and a business liability of $ 15,001 to $ 50,000 at ANP Properties, which owns the agency building. ‘assurance.
Hinson’s disclosure report includes interest or dividends from investments in companies such as Apple, Constellation Brands, Gray Television (the company that now owns KCRG-TV, where she had worked as a presenter), Heron Therapeutics and QCR Holdings. The couple also received dividends between $ 100,001 and $ 1 million from Transportation Insurance & Consultants Inc. in 2020, the report says.
Hinson told the Telegraph Herald in April that she and her husband would sell stocks that were not part of widely used mutual funds and exchange-traded funds for their retirement. This was after it was reported that some U.S. senators and officials had made money on stock transactions related to the pandemic.
Hinson spokeswoman Sophie Seid said this week that Hinson and Arenholz have since sold all of their individual stocks.
While she sits in Congress, they will not actively buy or sell individual publicly traded stocks, and they will only invest in mutual funds and Exchange Traded Funds (ETFs) widely held for the retirement savings, ”Seid said in an email. “It’s not a requirement for members of Congress, they did it on purpose.”
Hinson, from Marion, announced in July that she was planning to run again, but what Arrondissement 1 will look like is still undecided as the redistribution process just started this week. Democrat Liz Mathis, Iowa Senator from Hiawatha, has also announced her candidacy.
The redistribution map proposed by the non-partisan Iowa Legislative Services agency calls for a new 1st district that includes Linn, Johnson and Scott counties. Black Hawk and Dubuque counties would be part of a new 2nd District stretching from the Minnesota border to southern Jefferson County.
Representative Ashley Hinson’s Financial Disclosure Report:
American Representative Ashley Hinson Ends … by Gazetteonline
Representative Mariannette Miller-Meeks, R-Iowa, speaks during a hybrid hearing of the House Subcommittee on the Coronavirus Crisis on Capitol Hill in Washington on Wednesday, May 19, 2021. The hearing examines Emergent BioSolutions , a Maryland biotech company whose Baltimore plant ruined millions of doses of the coronavirus vaccine. (AP Photo / Susan Walsh, Pool)
Miller-Meeks, a Republican representing Iowa’s 2nd District, filed the least amount of information on his financial disclosure form. Its report says “no release” for assets and “unearned” income, liabilities, positions or deals.
For her earned income for 2020, Miller-Meeks claimed $ 100,000 for her salary as a United States representative, although she didn’t start this job until January 2021. It is possible that she did. wanted this amount to represent the portion of her congressional salary of $ 174,000 that she had paid up to August 13, when the report was tabled.
Miller-Meeks did not disclose her annual salary of $ 25,000 from the Iowa Senate, where she served from January 2019 to January 2021.
Miller-Meeks spokesperson Will Kiley said Wednesday his boss is now working with the House to update his form to add his salary to the Iowa Senate. He said Miller-Meeks had no outside income, including IRAs or 401 (k), which she would be required to report on the form.
Miller-Meeks, a retired ophthalmologist from Ottumwa, said on her federal financial disclosure form that she received at least $ 5,000 in 2020 in deferred compensation from the Great River Health System in Burlington, where she worked.
Miller-Meeks has not officially announced that she will run in 2022, but when Iowa Rep. Christina Bohannan announced her intention to run for the Democratic seat last month, Miller-Meeks welcomed Bohannan into the race. . However, if the new redistribution proposal is approved, Bohannan would be in a district with Hinson – not Miller-Meeks.
Financial Disclosure Report from Representative Mariannette Miller-Meeks:
The representative of the United States, Mariannette Mille … by Gazetteonline
Republican Randy Feenstra delivers his acceptance speech surrounded by his family after winning the Iowa 4th Congressional District race on Tuesday, November 3, 2020, at the Hull Public Library in Hull, Iowa. Feenstra claimed victory in heavily Republican northwest Iowa after defeating longtime U.S. Representative Steve King in the June primary. (Jesse Brothers / Sioux City Journal via AP)
Feenstra, a Republican elected in 2020 to lead Iowa’s 4th District, said 2020 earned $ 52,439 in income from Dordt University, the private school at the Sioux Center where he has been a professor of commerce since 2017. He also said he received $ 24,105 as a state senator before being elected. in Congress.
Feenstra reported interest income of between $ 2,501 and $ 5,000 on his pension, $ 2,501 to $ 5,000 from the Iowa Public Employees Retirement System and $ 201 to $ 1,000 from his checking account. He recorded $ 1,206 to $ 6,000 in capital gains from his 401 (k) and another retirement fund.
On the liabilities side, Feenstra declared a residential mortgage of $ 50,001 to $ 100,000.
Feenstra said “no disclosure” for positions, agreements and compensation over $ 5,000 paid by a single source.
Feenstra, of Hull, has yet to say if he will run again in 2022, but is expected to do so. There are no Democratic challengers yet in the heavily Republican 4th Arrondissement, the Des Moines Register reported on September 4.
Representative Randy Feenstra’s Financial Disclosure Report:
US Representative Randy Feenstra fi … by Gazetteonline
On this September 2, 2021, Photo Representative Cindy Axne, D-Iowa, speaks about the Rural Reinvestment Task Force during a meeting with local officials in Indianola, Iowa. (AP Photo / Charlie Neibergall)
United States Democratic Representative Cindy Axne, who has represented Iowa’s 3rd District since 2019, filed her annual report on July 15. The annual report is slightly different from the new depositor’s report completed by Hinson, Miller-Meeks and Feenstra. Instead of asking for specific income amounts, there should be a check mark if the income in each area is greater than $ 1,000.
For assets, Axne includes several pages of IRA investments and her husband’s 401 (k). These stocks with companies such as Alphabet, Nike, Berkshire Hathaway, Johnson & Johnson, MasterCard, O’Reilly Automotive, Progressive and Starbucks are all marked as tax-deferred with no annual income greater than $ 1,000.
She listed “undisclosed” for liabilities, transactions, gifts, travel payments and fees paid to charities. She also did not list any earned income for 2020. House members are paid $ 174,000 per year, but the 120-page instruction guide calls for compensation in addition to Congress salary.
Axne indicated that she was an owner / partner of Creation Agents, a West Des Moines-based business consultancy firm, but also indicated that she and her husband, Creation Agents co-founder, John Axne , had taken leave in May 2017. Axne also has an agreement to receive deferred compensation after working for the State until 2014.
Axne, from West Des Moines, left the door open to represent himself in the 3rd arrondissement or to exercise another function, such as that of governor.
Representative Cindy Axne’s Financial Disclosure Report:
United States Representative Cindy Axne finances … by Gazetteonline
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