Monday, November 06, 2023

Does New Speaker of the House Mike Johnson Have a Bank Account?

I'm not happy that Mikme Johnson is speaker of the House, but I care about truth & fairness. There are a lot of posts on Twitted about the fact he didn't show any bank accounts on his financial disclosure forms. At first I found it suspicious. But looking into it further, it is not necessarily a problem.


https://www.thedailybeast.com/does-new-speaker-of-the-house-mike-johnson-have-a-bank-account


Of course, it’s unlikely Johnson doesn’t actually have a bank account. What’s more likely is Johnson lives paycheck to paycheck—so much so that he doesn’t have enough money in his bank account to trigger the checking account disclosure rules for members of Congress.

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House Ethics Committee filing guidelines state that members must disclose bank accounts they have at every financial institution, as long as the account holds at least $1,000 and the combined value of all accounts—including those belonging to their spouse and dependent children—exceeds $5,000.

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