Ethics Explorer A Guide to the Financial Interests of Elected Officials

U.S. Rep. Michael McCaul (R)

Industry
Lawyer, State Government, Federal Government
Education
B.S., Business/History, Trinity University; J.D., Saint Mary's University; Graduate, Senior Executive Fellows Program, John F. Kennedy School of Government, Harvard University
Spouse
Linda
Committees
Not yet assigned
Financial Statements

Sources of Income

  • McCaul is a former federal prosecutor who worked for the U.S. Attorney’s Office as the chief of counterterrorism and national security in the Western District of Texas from 2002 to 2004. He previously worked in the Department of Justice from 1990 to 1999 and as Texas’ deputy attorney general from 1999 to 2002.

  • McCaul is among the wealthiest members of Congress, largely due to money from his wife’s family, according to Roll Call. Linda McCaul is the daughter of the CEO and founder of Clear Channel Communications. 

  • McCaul owns assets valued at $1 million or more in several family trusts, such as Linda Mays McCaul Partners, Linda McCaul Descendant Trusts, LLM Partners, LLM Family Investments and 2010 Linda McCaul Descendant Trust. 

Property

  • Residence in Austin valued at $3,192,387

  • Residence in Washington, D.C., valued at $2,431,900

Analysis

  • McCaul's top campaign supporters in the last election cycle included CC Media Holdings, Dell, Deloitte and Harmony Public Schools. 

  • McCaul has advocated for construction of the Keystone XL pipeline, including sending a letter to Secretary of State Hillary Clinton a day after his family purchased stock in TransCanada. Political opponents accused McCaul of insider trading. McCaul’s staff disputed that claim, saying the money in question belonged to his wife’s trust and that McCaul did not influence how she spent it.