Retiring Congressman Jim Moran Reports No Assets

Congressman Jim Moran (D-8th) earlier this year made headlines when he said that members of Congress didn’t make enough money. He had said $174,000 a year is “underpaid.” As a retired member of Congress, Moran could continue to receive up to 80 percent of his salary.

Roll Call reports now that Moran, who is retiring from Congress this year, is one of only six in Congress to report no assets. He is one of only two not to report a single liability, the newspaper reported.

In its study of members’ finances, Roll Call found at least 188 millionaires — about a third of Congress — up from 185 the previous year. The latest figures from the Census Bureau — from 2011 — show a median net worth of $68,828 per household in the country.

The Capitol Hill newspaper reported that Moran, 69, has at times also made headlines for some of his financial doings outside of Congress, including accepting a loan from pharmaceutical lobbyist and another time when he received a mortgage from a credit card company.

After more than 20 years in Congress, Moran has said that he plans to continue working, to help leave something behind for his children and grandchildren and that he plans to find work that is “meaningful.”

Businessman Don Beyer, a former lieutenant governor, and Micah Edmond, a former national security advisor, are running for Moran’s seat.