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Congressmen Heck, Amodei far from millionaires

WASHINGTON — Rep. Joe Heck continues to chip away at student loans he took out 28 years ago while training to become an osteopathic physician. And Rep. Mark Amodei bought an investment property in his hometown of Carson City.

The Nevada Republicans disclosed details of their 2014 personal finances in reports they filed with the House of Representatives last month, which were made public Monday. Reps. Cresent Hardy, R-Nev., and Dina Titus, D-Nev., were granted filing extensions until mid-July.

Apart from their $174,000 salaries, lawmakers are required to report their assets and debts each year and financial transactions and income generated from their investments.

They don’t need to report the value of their personal homes and are allowed to report their information in broad ranges that provide a general picture of their financial health.

The reports show Heck and Amodei hold modest portfolios compared with colleagues in Congress, many of whom are millionaires or richer.

Heck, who is in his third term, and his wife, Lisa, reported investments of at least $241,000 and at most $562,000, including at least $50,000 in bank accounts and at least $140,000 in annuities and individual retirement accounts.

Heck reported progress in paying down student debt he incurred in 1988 as he was completing a medical degree from the Philadelphia College of Osteopathic Medicine. The debt dropped below $50,000 in the past year, according to his report.

The Hecks reported socking away at least $50,000 in a college savings plan for son Joey, the youngest of their three children. They also reported a mortgage of between $250,000 and $500,000 on their home in Henderson.

Amodei, who is not married, reported buying an investment property in a Carson City neighborhood for between $50,000 and $100,000. He reported a $100,000 to $250,000 mortgage of that property and a mortgage of between $100,000 and $250,000 on his Carson City home.

Besides the property investment, Amodei reported holding IRAs worth between $100,000 and $200,000 and bank and credit union accounts holding less than $30,000.

Contact Review-Journal Washington Bureau Chief Steve Tetreault at stetreault@reviewjournal.com or 202-783-1760. Find him on Twitter: @STetreaultDC

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