Ethics Explorer A Guide to the Financial Interests of Elected Officials

U.S. Rep. Pete Olson (R)

Industry
Military, Federal Government
Education
B.A., Rice University, 1985; J.D., University of Texas at Austin, 1988
Spouse
Nancy
Committees
Not yet assigned
Financial Statements

Sources of Income

  • Olson served in the U.S. Navy before becoming a naval liaison to the U.S. Senate. In 1998, he became a legislative aide to then-Sen. Phil Gramm; in 2002, he became Sen. John Cornyn's chief of staff. He was elected to congress in 2008.
  • He receives annual dividend payments from T Rowe Price International and the Vanguard Euro Stock Index valued at between $5,001 and $15,000 each. Olson received between $50,001 and $100,000 from a trust in 2012.

  • Olson has various real estate investments.

Property

  • Owns a home in Sugar Land with his wife valued at $601,160

Analysis

  • Olson's top contributors in the last election cycle were Koch Industries, NRG Energy, Chesapeake Energy and the Energy Future Holdings Corportation. Olson, who received at least $165,400 from the oil and gas sector in the last election cycle, sponsored legislation urging the Federal Energy Regulatory Commission to speed up its decisions on gas pipelines. Olson also co-sponsored a bill that would have allowed ethanol produced from natural gas to be classified as a renewable fuel, enabling it to compete with other forms of ethanol. Olson’s office did not respond to a request for comment on the legislation.