Ethics Explorer A Guide to the Financial Interests of Elected Officials

U.S. Rep. Lamar Smith (R)

Lawyer, Ranching/Agriculture
B.A., American Studies, Yale University, 1969; J.D., Southern Methodist University School of Law, 1975
Elizabeth Lynn Schaefer
Not yet assigned
Financial Statements

Sources of Income

  • Before his election to the U.S. House, Smith practiced law and managed a family ranch. He was elected chairman of the Bexar County Repubican Party in 1978, served as a Texas state representative from 1981 to 1982 and was a Bexar County commissioner from 1982 to 1986. He has served in Congress since 1987. 

  • Smith owns half of the life estate interest on the Lamar Seeligson Smith Ranch. And he receives residual annual income from mineral and surface leases on the ranch.

  • Smith and/or his wife hold stock in Mastercard, Union Pacific, Citrix Systems and Google, among various other companies.

  • Smith and his wife own several rental properties in Massachusetts and Virginia.


  • Ranch property in Premont valued at $561,180

  • Rental property in Boston valued at $232,300

  • Rental property in McLean, Va., valued at $575,270


  • Smith has received campaign contributions of at least $10,000 from the political action committees of some of the companies he invests in, including Microsoft and Union Pacific.

  • Smith's top campaign supporters in the last election cycle include CC Media Holdings, Comcast Corporation and Time Warner.

  • According to The Washington Post, in 2009, Smith helped secure $950,000 toward road improvements near the San Antonio Fort Sam Houston military base, including one intersection a few blocks from his home. "It is absurd to suggest that the location of my home had anything to do with my supporting the city of San Antonio's top priority request to improve access to Fort Sam Houston for our military members, veterans and their families," Smith told The Post

  • Smith authored the Stop Online Piracy Act in 2011 to restrict illegal online sales and counterfeiting of intellectural property, but he ran into strong opposition from web companies and from groups opposing restrictions in online commerce. The bill was scheduled for a vote but never came up.