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Regional & National

Ryan corrected financial records while being vetted VP spot

August 16th, 2012 8:16 am by Staff Report

According to a USA Today rep[ort, Rep. Paul Ryan did a quick clean up on two years of his financial disclosures while being vetted by Mitt Romney's campaign. He added an income-producing trust worth between $1 million and $5 million that he had previously neglected to report.

The trust, an inheritance of Ryan's wife, former Washington lobbyist Janna Little Ryan, represents one of the couple's largest assets. Letters and amendments Ryan filed June 6 with the Clerk of the House show the trust produced income of between $15,001 and $50,000 in 2010, and between $100,001 and $1 million last year.

Financial disclosure rules require members of Congress to report assets and income in ranges, without specifying exact amounts. The reports are filed each year in May and are made public by the House.

Members of Congress often make mistakes in their financial disclosure filings, and congressional ethics panels have been historically forgiving of errors and omissions. Moreover, there is no evidence that Ryan tried to hide the family income or was pressured to make a late disclosure.

Read the expanded version of this report at the USA Today Web site.

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