Ethics Explorer A Guide to the Financial Interests of Elected Officials

U.S. Rep. Pete Sessions (R)

Industry
Business Executive
Education
B.S., Southwestern University, 1978
Spouse
Karen
Committees
Not yet assigned
Financial Statements

Sources of Income

  • Sessions worked for the Southwestern Bell Telephone Company for 16 years and retired as a manager with the company in Dallas.

  • He receives yearly dividend payments ranging from $15,001 to $50,000 from stock in Annaly Capital Management and L.P. Energy Transfer Partners. . 

Property

  • Residential property in Winter Park, Florida last valued at $256,400 (owned by Sessions' wife)

  • Residential property in Dallas valued at $377,190

Analysis

  • In 2012, Sessions and many other lawmakers and their staffs came under scrutiny for allegedly receiving discounts from Countrywide Financial Corporation on personal loans even though they did not meet finance standards. Sessions denied receiving preferential treatment. The House Committee on Ethics ruled that Sessions did not violate any rules.

  • Sessions has said he is against earmarks, but was put in the hotseat in 2008 for pushing a $1.6 million earmark for blimp research for a company in Illinois. Sessions defended the venture; his office said it was a good use of federal funds that could eventually lead to thousands of jobs in Sessions’ Dallas district. The funds were approved. 

  • Sessions has been criticized for receiving campaign contributions from Allen Stanford, the former CEO of Stanford Financial Group, who was convicted of running a $7 billion Ponzi scheme. Torrie Miller, a spokeswoman for Sessions, told the Tribune that the congressman donated all the money from Stanford to charity.