Brett Kavanaugh (Photo: Diego M. Radzinschi/ALM)
U.S. Supreme Court nominee Brett Kavanaugh listed just two assets worth a maximum of $65,000 on his 2017 personal financial disclosure, plus a debt of as much as $15,000.
Kavanaugh's modest disclosed assets are a departure from several of the sitting justices, who report assets in the millions of dollars, and from President Donald Trump's own cabinet and staff. The White House ethics team has said those appointees filed "likely the most complex financial disclosures in the history of any presidential administration."
Kavanaugh, who has spent most of his career in government service, listed Bank of America accounts valued at $15,001 to $50,000 and a retirement plan from a job his wife left in 2000, valued at $15,000 or less. Federal officials and nominees disclose their assets in broad ranges.
His form may not include other significant assets he may own. Judges aren't required to disclose federal retirement plans or their personal residences. His 2017 report shows that he has borrowed from a federal Thrift Savings Plan and owes as much as $15,000.
He and his wife, Ashley, bought their home in the upscale Washington suburb of Chevy Chase, Maryland, for $1.2 million in 2006, according to state property records.
"It sounds like he's living on what he earns," said Larry Noble, a former general counsel of the Federal Election Commission.
The Center for Responsive Politics, which tracks financial disclosures of high-ranking government officials, said the median net worth disclosed by Supreme Court members — the average of the high and low range — is $4.6 million. But rules of the Judicial Conference of the U.S., which oversees the disclosure process, state that that the reports "are not net-worth statements."
"It's more designed to show potential conflicts-of-interest," said Alex Baumgart, a researcher at the Center for Responsive Politics who studies the disclosures.
