Raybould Sends Letter To Senate Ethics Committee on Sen. Deb Fischer’s Net Worth While Senator

The following is the letter sent by U.S. Senate candidate Jane Raybould to the U.S. Senate Select Committee on Ethics requesting an investigation into Sen. Deb Fischer’s explosion of wealth during her time in the Senate while only earning a salary of $174,000 a year:


August 27, 2018

Chairman Johnny Isakson Senate Select Committee on Ethics 220 Hart Senate Office Building Washington, DC 20510

RE: Request for Investigation of Senator Deb Fischer

Dear Chairman:

This letter requests an inquiry into the personal wealth of Senator Debra Fischer, for potential violations of the Senate Code of Official Conduct pursuant to prohibited gifts and/or unreported income, a potential violation of 5 U.S.C. app. Sec. 101.

I respectfully request an immediate investigation into this matter, and ask that the Committee take appropriate remedial action should they find wrongdoing on the part of Senator Fisher for her improper conduct as a United States Senator.

Sincerely,

Jane Raybould Nebraska Resident and Candidate for United State Senate 3015 S. 20th Street Lincoln, NE 68502

Factual Background

Debra S. Fischer currently serves as a U.S. Senator for the state of Nebraska.

Before being elected, Senator Fischer announced her candidacy for U.S. Senate on June 28, 2011. (1)

Accordingly, Senator Fischer first filed a personal financial disclosure as a candidate in accordance with U.S. Senate ethics rules on April 24, 2012, disclosing her assets and liabilities for the calendar year 2011 and a small portion of 2012. (2) At the time, her net worth, according to analysis from the Center For Responsive Politics, was approximately $323K. (3)

Elected In November 2012, Senator Fischer took office as senator in January 2013. (4)

Accordingly, Senator Fischer filed a personal financial disclosure as a senator in accordance with U.S. Senate ethics rules on May 15, 2013 (5), disclosing her assets and liabilities for the calendar year 2012, the year before she took office. At the time, her net worth, according to analysis from the Center For Responsive Politics, was approximately $248K. (6)

Subsequent financial reports filed by Senator Fischer have shown a tremendous growth in net worth, culminating with her most recent filing on May 14, 2018 (7), covering the calendar year 2017. In this filing, Senator Fischer disclosed on assets worth as much as $6,360,000 and liabilities worth as much as $2,000,000, meaning Senator Fischer disclosed a net worth of more than $4.3 million. This represents an increase in net worth of just over $4 million In net worth since taking office, even though her annual salary as a U.S. senator is $174,000/year. (8)

(1) Robert Pore, Fischer Running For Senate, Grand Island Independent (Jun 28, 2011) available at: https://www.theindependent.com/news/local/fischer-running-for-senate/article_f2e3b7e4-f56f-50bc-a13b- d8b933e7624f.html
(2) Debra S. Fischer, United States Senate Financial Disclosure Report For New Employee and Candidate Reports, Filed 4/24/12 available at: https://efdsearch.senate.gov/search/view/paper/BBCA507C-3A60-4E67-A894- 895C9C4FDACD/
(3) Center For Responsive Politics, Personal Finances, Deb Fischer, available at: https://www.opensecrets.org/personal-finances/net-worth?cid=N00033443&year=2011
(4) Don Walton, Fischer Turns From Ceremony To Commitment, Lincoln Journal Star (Jan 3, 2013) available at: https://journalstar.com/news/state-and-regional/federal-politics/deb-fischer-turns-from-ceremony-to- commitment/article_d673b72a-2c66-5352-aa2f-64ca38462a1f.html
(5) Debra S. Fischer, United States Senate Financial Disclosure Report For Annual And Termination Filers, Filed 5/15/13. Available at: https://efdsearch.senate.gov/search/view/paper/9CD45C77-030C-4819-8325- 1B550DB13D67/
6) Center For Responsive Politics, Personal Finances, Deb Fischer, available at: https://www.opensecrets.org/personal-finances/net-worth?cid=N00033443&year=2012
(7) Debra S. Fischer, United States Senate Financial Disclosure Report For Annual And Termination Filers, Filed 5/14/18. Available at: https://efdsearch.senate.gov/search/view/annual/c31ef698-67dc-4903-b02f- 401a33e35b72/
(8) United States Senate, Senate Salaries Since 1789, available at: https://www.senate.gov/artandhistory/history/common/briefing/senate_salaries.htm