Rep. Stan Parris (R-Va.) sold all his stock in savings and loan associations after a political rival raised questions about those holdings last year. Rep. Steny H. Hoyer (D-Md.) earned $30,000 practicing law in his spare time. D.C. Del. Walter Fauntroy (D) took in more than $60,000 in honoraria for speaking engagements.
These financial items concerning Washington area lawmakers are contained in the 1989 personal financial disclosure forms for House members that were made public yesterday. The documents showed that virtually none of the area lawmakers relied solely on a congressional salary to survive, and that several appear to be wealthy.
According to his form, Parris divested himself of stock in Perpetual Finance Corp. of Alexandria and Dominion Bankshares Corp. of Roanoke. Parris serves on the House Banking, Finance and Urban Affairs Committee. When he ran unsuccessfully for governor last year, rival GOP primary candidate Paul S. Trible said Parris's holdings in financial institutions posed a conflict of interest.
Parris "sold off his S&L stuff before they brought up the bill" financing the multibillion-dollar bailout of the savings and loan industry last year, Parris spokesman Mark Strand said. "He did not want there to be a conflict, and felt it would be smart to get rid of the stock."
Parris also was among three Washington area lawmakers who reported receiving honoraria in 1989. He took in $7,200, including $200 from The Washington Post, and retained all of it. Rep Tom McMillen (D-Md.) received $21,300 in honoraria for 16 appearances -- most of them before business and lobbying groups -- but donated all the money to charity. McMillen also reported $160,000 in deferred pay from his days as a professional basketball player.
The biggest earner of honoraria last year was Fauntroy, who addressed 45 groups and earned $61,420. He donated $35,564.15 to charity and kept $25,855.85. He said yesterday that most of his donations went to New Bethel Baptist Church, where he is an unsalaried pastor.
Most of Fauntroy's appearances were before college groups, which he said are part of his "legislative support network. When I need the support of my colleagues, I write these people and asked them to talk to their congressmen on the District's behalf . . . ."
Another lawmaker with a part-time job is Hoyer, who practices law. Charles Siegel, Hoyer's spokesman, said Hoyer has no partners and does his law work "on Fridays and Mondays, during recesses, when Congress is not in session."
Siegel said Hoyer's law practice consists primarily of divorces and other "domestic" cases and that Hoyer "does not represent any big corporations." Beginning next year, it will be illegal for members of Congress to make money practicing law; Siegel said Hoyer will shut down his practice at that time.
Among other Washington area lawmakers, Rep. Constance A. Morella (R-Md.) was reimbursed by The Aspen Institute for attending seminars in Bermuda and Switzerland, and for addressing the Susan B. Anthony Club in Rochester, N.Y. Rep. Frank R. Wolf (R-Va.) was reimbursed for a three-day trip to the Christian Embassy Ministry in Tampa, Fla., and a one-day trip to ABC television headquarters in New York.
Rep. Helen Delich Bentley (D-Md.) was given a necklace and bracelet set by the Baltimore Port Council of the AFL-CIO worth $757. A spokeswoman for Bentley said she obtained a special waiver to avoid violating House rules against receiving a gift worth more than $100 from groups that have an interest in legislation.