Congressmen disclose assets
By Frank Oliveri
Advertiser Washington Bureau
WASHINGTON — Hawai'i federal lawmakers have limited property holdings, with most of their assets in stocks and funds, according to 2003 financial reports filed this month.
Sen. Dan Inouye is the wealthiest of the state's four lawmakers, with significant stock holdings pushing his net worth to more than $1 million.
There were no significant changes in financial status among the four since last year's filings.
Senators and House members are required to file financial disclosure statements yearly. They do not have to list the value of their primary residence or last year's congressional salary of $154,700. However, they do have to list trips paid for by others.
Assets, income and liabilities are revealed in broad ranges and categories, which provide only a rough estimate of net worth. Here is a glimpse at the finances of Hawai'i's lawmakers, all Democrats:
Sen. Dan Inouye
Nonsalary income: $21,003 to $69,283, including up to $50,000 from a SunTrust Fund and $15,000 from CPB Inc. stock.
Assets: $1.03 million to $2.15 million, including up to $1 million in stock in Central Pacific Financial Corp. and up to $1 million in the SunTrust Fund.
Travel and lodging: The Kellogg Company paid for Inouye's trip to Battle Creek Michigan for the dedication of the Hart, Dole, Inouye Federal Center in May 2003.
Royalties: Inouye also receives royalties from Simon and Schuster Inc. for his book "Journey to Washington," published in 1967. Inouye's statement does not say how much he receives.
Sen. Daniel Akaka
Nonsalary income: $15,309 to $54,475, including $10,475 in pension from the state of Hawai'i's employee retirement system and up to $15,000 from his Alexandria, Va., condominium.
Assets: $306,009 to $842,002, including several mutual funds such as T. Rowe Price and Eaton Vance, and up to $250,000 in both his Alexandria, Va., condominium and the Akaka estate savings account and real estate.
Travel, lodging: He did not travel on others' invitations last year.
Rep. Neil Abercrombie
Nonsalary income: $50,000 to $125,200, including up to $100,000 from the sale of a co-op apartment in Honolulu.
Assets: $15,000 to $50,000, all in an account with the University of Hawai'i Credit Union valued at up to $50,000.
Travel and lodging: The Communications Workers of America paid for Abercrombie to travel and lodge in Tucson, Ariz., in June to speak to its members.
Rep. Ed Case
Nonsalary income: $1,203 to $3,700, including up to $2,500 from the United Airlines Federal Credit Union.
Assets: $217,006 to $530,000, including up to $100,000 in a United Airlines 401(k) account and up to $100,000 in the United Airlines Credit Union. His wife is a flight attendant for United.
Travel and lodging: In February, the Public Government Institute paid for travel and lodging to Warm Springs, Va., for Case and his wife, Audrey. In May, the New Democrat Network paid for Case's travel and lodging to a resort in Williamsburg, Va. In August, the American Israel Education Foundation paid for travel and lodging for Case and his wife to travel to Israel and in September the Democratic Leadership Council paid for Case and his wife to travel to Michigan.
Correction: Sen. Dan Inouye's financial assets include up to $1 million in stock in Central Pacific Financial Corp., according to a 2003 financial report filed this month. A previous version of this story incorrectly said the senator owned up to $1 million in stock in Campbell Soup Company.
