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January 29, 2013

New members of the 113th Congress: What they own and whom they owe

By Amanda Lang

Even before he was elected last November to represent Chicago's southern exurbs in the House, Illinois Democrat Bill Foster decided to sell his stake in Electronic Theatre Controls, a company he founded with his brother. Foster jettisoned the shares -- worth at least $5 million -- "to potential conflicts of interest when voting on legislation that might impact his personal finances," according to his press secretary. Among this year's congressional freshmen, Foster stands out as a noteworthy exception. Now that President Barack Obama's inaugural festivities are over and the 113th Congress is getting down to serious business, Sunlight decided to take a look at the financial profiles of its 90 newest faces -- 52 Democrats, 37 Republicans, and one independent -- who are either first-time members of their chambers or, like Foster, returning from a hiatus. The new lawmakers are...

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Even before he was elected last November to represent Chicago's southern exurbs in the House, Illinois Democrat Bill Foster decided to sell his stake in Electronic Theatre Controls, a company he founded with his brother. Foster jettisoned the shares -- worth at least $5 million -- "to potential conflicts of interest when voting on legislation that might impact his personal finances," according to his press secretary. Among this year's congressional freshmen, Foster stands out as a noteworthy exception. Now that President Barack Obama's inaugural festivities are over and the 113th Congress is getting down to serious business, Sunlight decided to take a look at the financial profiles of its 90 newest faces -- 52 Democrats, 37 Republicans, and one independent -- who are either first-time members of their chambers or, like Foster, returning from a hiatus. The new lawmakers are...

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