July 28, 2014 SIGN IN | REGISTER

Rangel Inquisitor Has His Own Reporting Problem

But in his 2008 financial disclosure report, McCaul reported both of these assets under a single entity, which was valued at $25 million to $50 million.

Although it is possible the accounts were worth as much as $50 million in the previous year, Roll Call considers only the minimum value of each reported asset, or $25 million for its 2008 calendar year tally.

Because McCaul now reports the accounts as separate assets, he receives twice the credit — boosting his total by $25 million with a single account.

Roll Call calculates each Member’s minimum net worth by adding the minimum value of each asset and subtracting the minimum liabilities reported.

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