In 2009, the House Judiciary subcommittee on courts, the Internet and intellectual property discussed the Railroad Antitrust Enforcement Act, aimed at ending rail carriers’ exemptions from federal antitrust laws.
A family trust overseen by Rep. F. James Sensenbrenner Jr. (R-Wis.), a subcommittee member, sold 2,000 shares of CSX after a subcommittee hearing and before the final changes were made to the bill. The shares generated a $40,000 net profit, records show. The same day, the trust bought $7,700 in Norfolk Southern stock. The two rail carriers were among 62 companies lobbying on the bill.
Response by Sensenbrenner
Sensenbrenner’s spokeswoman said the trades were initiated by a fund manager who handles the investments for the trust that benefits the lawmaker’s sister. “Congressman Sensenbrenner’s interaction with the trust is almost nothing,” spokeswoman Amanda Infield said. “He doesn’t benefit from the trust, except for an administrative fee as trustee. He is not a beneficiary, and he doesn’t exercise influence over or give input into the investment decisions. He has to sign off on the decisions, but he hasn’t overridden an investment decision, which is made by JPMorgan Chase.”
Sensenbrenner’s financial portrait
The Post examined the personal finances disclosed by all members of Congress and computerized by Center for Responsive Politics to show how they manage their assets and invest their money.
Change in estimated wealth
Lawmakers who use safer investment strategies to protect accumulated wealth.
36 lawmakers are primarily invested in a portfolio of specific stocks, bonds or a mixture of stocks and bonds, which can be balanced to be more or less aggressive as an investment strategy.
What industries does Sensenbrenner invest in?
Many assets can be tied to specific industries, such as finance, agriculture or natural resources. "Mixed" investments are assets not tied to a specific industry.
Sensenbrenner's estimated 2010 liabilities
What asset types does Sensenbrenner hold?
Assets are lumped into groups such as real estate, stocks, mutual funds or cash.
NOTE: "Mixed" investments are assets that are not tied to a specific industry. Charted change in annual estimated wealth is capped at 200 percent increase and 100 percent decrease for clarity. See the full methodology here.
SOURCES: Congressional financial disclosure forms, Center for Responsive Politics, Washington Post analysis.
About the data
The estimation of assets for lawmakers is based on calculating the midpoint of reported value ranges for holdings and liabilities that members of Congress list on financial disclosure forms. It does not reflect assets lawmakers are not required to disclose, such as personal residences and non-interest bearing bank accounts. The estimation is not intended to provide a complete portrait of the net worth of each legislator, but rather show their relative standing in Congress and how their holdings have changed over time.
If you're a member of Congress who would like to further clarify your financial portrait, please contact us at firstname.lastname@example.org.