How legislatures make money aside

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How legislatures make money aside

But all 10 lawmakers reported assets and sources of income beyond their $174,000 annual salaries. They ranged from bank accounts and investment funds to ownership shares of private companies.

Filed annually by members of the House and Senate, the disclosure reports are transparency tools designed to reveal any potential conflicts of interest.

House and Senate candidates and some congressional employees also must file disclosure reports.

They detail information about the source, type and amount of a legislator’s income, including personal investments, spousal income and investments, paid travel, gifts, contracts and money from other sources. Debts must be reported, too.

Story Highlights

  • The Hoffman Estates Democrat was the only member of the congressional delegation representing the West, Northwest or North suburbs profiting from publishing last year, according to a Daily Herald analysis of their latest financial disclosure reports.

  • What the forms show

Reports are due each May 15. Extensions are common.

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        

  The reports are public and can be found online at disclosures-clerk.house.gov and efdsearch.senate.gov.

Duckworth’s book Duckworth’s memoir, “Every Day Is a Gift,” was published in March by Twelve, an imprint of the Hatchette Book Group. A paperback release is scheduled for March 2022.

According to the annual disclosure report Duckworth filed in May, Hatchette paid her $382,500 in 2020. The sum was an advance against future royalties, a Duckworth spokesman confirmed. Duckworth also reported personal or family assets including stocks, mutual funds and bank accounts.

  Durbin’s investments

        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
         Additionally, she filed a periodic transaction report this April indicating she and her husband sold shares of Verizon Communications, Illinois Tool Works and the Walt Disney Co. that month. The sales brought in between $17,003 and $80,000 overall, the report showed. Only ranges are required.