Blog: Election 2008

Stevens releases finance report

Published Friday, June 13, 2008

Just in from the Senate office of Sen. Ted Stevens...

Senator Stevens Releases Financial Disclosure Report   WASHINGTON, D.C. – Senator Ted Stevens (R-Alaska) today released his annual financial disclosure report, a document which is required by the Ethics in Government Act and the rules of the Senate.  

The disclosure shows that Senator Stevens’ assets and income are similar to what they have been for the past several years.   The Senator detailed his bank accounts and a mutual fund with a value of less than $250,000.  Mrs. Catherine Stevens has retirement funds which are invested in mutual funds.  

  As has been disclosed in prior reports, Senator Stevens owns an interest in some oil royalties that he acquired many years ago with former Senator Henry Bellmon of Oklahoma; an interest in a limited partnership with fellow Alaskans which is valued at less than $15,000; minor interest in Sacks Restaurant in Anchorage; and land in the Matanuska-Susitna Valley.  

  The bulk of his assets are invested in a blind trust that Senator Stevens created some time ago to avoid a conflict of interest on his invested savings.  Under the rules of the Senate, the assets owned by that trust are not disclosed to Senator Stevens.

  The report is on file in the Office of Public Records of the Senate and is attached to this release.  Copies of the Senator’s prior disclosure reports are available on line. See http://www.opensecrets.org/pfds/candlook.php?txtName=stevens.

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