By Paul C. Barton / Gannett Washington Bureau
WASHINGTON - Rep. Chuck Fleischmann's personal finances reflect millions of dollars of assets, while Rep. John Duncan Jr.'s shows several hundred thousand dollars worth, recently released financial disclosure forms show.
Fleischmann, from Ooltewah, and Duncan, from Knoxville, are both Republicans.
Their disclosure statements reflect in broad dollar ranges how their finances stood in 2012.
-Assets: 10 items valued at $1.51 million-$3.06 million. His largest assets are Benjamin Edwards accounts worth $500,000-$1 million that yield dividend and interest income. He also has cash accounts at First Tennessee Bank worth $250,000-$500,000 and Northwest Georgia Bank in the same amount.
-Liabilities: None listed.
-Other: Proceeds from the sale of business interest in Fleischmann and Fleischmann attorneys of $15,000-$50,000. Had transactions in his Benjamin Edwards accounts totaling $250,000-$500,000.
-Assets: 21 items valued at $251,000-$565,000. His largest are shares of BB&T - a Winston-Salem, N.C. financial holding company - valued at $65,000-$150,000. Also listed shares in tobacco giant Altria, and its key subsidiary, Philip Morris, as well as in companies as diverse as Walgreen's, Northrop Grumman and Host Hotels.
- Liabilities: None listed.
- Other: Listed receipt of a trip from Knoxville to San Diego paid for by the National Railroad Construction and Maintenance Association. Listed one financial transaction, the sale of Gap Inc. stock valued at $1,000-$15,000.
Lawmakers are not required to disclose the value of personal residences, household items or personal automobiles.
In addition, all members of Congress receive a salary of $174,000.
For 2011, the Center for Responsive Politics listed Fleischmann as the 127th richest of 435 House members and Duncan as the 290th.
Another East Tennessee member, Rep. Phil Roe, R-Johnson City, requested an extension to file his report.
Senate forms were released in May.
Contact Paul C. Barton at email@example.com