What do Dr. Anthony Fauci’s financial disclosures reveal?

Dr. Anthony Fauci clashed with Senator Roger Marshall during a Senate Health Committee hearing on Tuesday after Republican lawmakers pressured Fauci over his salary and financial records.

During a tense exchange, Fauci, director of the National Institute of Allergy and Infectious Diseases, told the Kansas senator that his financial disclosures were available. He was later caught calling Marshall “a fool” in a hot mic moment.

The senator insisted that his office could not receive Fauci’s financial disclosures. While it appears the NIAID director’s 2021 disclosure is not available to the public, his 2020 disclosure can be accessed online.

Uploaded by the Center for Public Integrity, a non-profit investigative journalism organization 42-page documentt from documentcloud.org. this also readable as pdf,

The Financial Disclosure Report—OGE Form 278e—lists Fauci’s investments in mutual funds such as mutual funds and 2019 transactions for his contributory IRA, revocable trust and defined benefit plan.

It also includes information on their spouse’s contributory IRA, revocable trust, and defined benefit plan.

While there are significant changes in the document, especially when it comes to statistics, the form shows that the 81-year-old had investments in equity funds, bond funds and money markets.

Much of the document includes information on Fauci’s Schwab One Trust account with the financial services company Charles Schwab. Schwab describes this type of account as “to help pave the way for easier management and protection of assets within your trust account once you have them.”

It also lists the unrealized gains or losses from investments in 2019.

The form details investments in equity funds such as Tweedy, Brown Global Value (now Tweedy, Brown International Value Fund), Vanguard Small-Cap Index and CIBC Atlas Disciplined Equity Fund.

The longest section of the form includes a list of transactions for an NIAID director’s contributory IRA, revocable trust and defined benefit plan, as well as similar accounts for Fauci’s wife, Christine Grady.

These transactions include bank interest, cash dividends from various investments, share reinvestment and money spent on new investments.

The documents list Fauci as an editor and associate at McGraw-Hill Publishers since 1983, and that he has been paid rents and royalties by the company for editing. Harrison’s principles of internal medicine. As of the 2020 filing, those royalties amounted to between $100,001 and $1,000,000.

Fauci had also invested in an Italian restaurant, Jackson Fillmore, which was valued between $1,001 and $15,000.

The information in OGE Form 278E, which Fauci signed on April 21, 2020, is available online to anyone, but the form for the following year is not accessible to the public at this time.

Conservative group Judicial Watch filed a Freedom of Information Act lawsuit in October last year, seeking Fauci’s 2021 OGE Form 278e, among other documents.

Fauci told Marshall on Tuesday: “My financial disclosures are public knowledge and have been so for the past 37 years.”

When Marshall said he was unable to find it, the NIAID director said it was “fully accessible to you if you want.”

From the senator’s interrogation, it appears that Fauci personally benefited from his role as director of the NIAID, although there is no evidence of this. Fauci has been the subject of repeated criticism from Republican lawmakers during the COVID pandemic, most notably Senator Rand Paul of Kentucky.

Dr. Anthony Fauci answers questions from Sen. Rand Paul (R-KY) at a Senate hearing on Capitol Hill on January 11. During the hearing, Fauci clashed with another GOP senator, Roger Marshall, over his financial records.
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