The chairman of the House Energy and Commerce Committee saw his minimum net worth slide slightly, from $7.9 million in 2010 to $7.7 million in 2011.
The decline was due to the disclosure of a home mortgage worth at least $250,000, raising the congressman’s total liabilities to at least $265,000. Lawmakers were required for the first time to report mortgages on their personal residences on the 2011 forms.
The couple also has at least $30,000 worth of stock in one of Whirlpool’s chief competitors, General Electric.
- David Kaner