Ryan Amends Financial Disclosure Forms

Thursday, 16 Aug 2012 10:32 AM

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GOP vice presidential nominee Rep. Paul Ryan has amended two years of financial disclosure statements to add a trust worth between $1 million and $5 million. The omission appears to be an inadvertent oversight uncovered while the Wisconsin Republican was being vetted by Mitt Romney’s campaign, USA Today reported.

The trust is an inheritance of Ryan’s wife, Janna, and produced income between $15,001 and $50,000 in 2010 and $100,001 and $1 million last year. The amendment was filed with the Clerk of the House in June.

Such oversights are common in financial disclosure filings and there is no evidence Ryan tried to hide the income, USA Today reported. In material filed with the Clerk of the House, Ryan wrote that House Ethics Committee senior counsel Heather Jones had reviewed the trust and concluded no disclosure of its underlying assets was required, the paper reported.

Rob Walker, former chief counsel and staff director for both the Senate and House ethics committees, said the matter was not serious. "It certainly doesn't appear on the face of anything that's been filed, including the forms and the letters, that this was anything other than inadvertent," Walker told USA Today.

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