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Edited on Wed Nov-19-03 08:44 PM by sfecap
...as long as it benefits him and his wife. The vote: Telecommunications Bill - Conference Report Bill Number: S 652 Issue: Telecommunications Date: 02/01/1996 Sponsor: Roll Call Number: 0008 Conference report adopted Full Member List Senator John Forbes Kerry voted YES. Pass telecommunications bill to decrease regulations and increase competition S 652: The Telecommunications Act of 1996 Vote to adopt the conference report of a bill to promote competition and reduce regulation of the telecommunications industry. The bill eliminates many restrictions on cable rates, allows long distance and cable companies into the local phone service market, and increases the number of stations that individual media companies can own. It also requires television sets to include a device that can be used to block out material rated as offensively sexual or violent in nature, and institutes a fine and/or imprisonment for people who knowingly use telecommunications devices to harass or make obscene communications towards others, or to make obscene or indecent communications to minors, among other provisions.
(Conference report adopted 91-5 on 2/1/96)
Bill Status: Bill Number: S 652 - 104th Congress (1995-96) House Passage Vote: 10/12/95 - Outcome: Passed by Voice Vote Senate Passage Vote: 06/15/95 - Outcome: Passed House Conference Report Vote: 02/01/96 - Outcome: Passed Senate Conference Report Vote: 02/01/96 - Outcome: Passed Presidential Action: Signed on 02/08/96 Public Law Number: 104-104 110 Stat. 56
http://vote-smart.org/issue_keyvote_detail.php?vote_id=789&can_id=S0421103
Voted YES on telecomm deregulation.
Deregulation of the telecommunications industry. Status: Telecommunications Competition and Deregulation Act of 1995 Y)91; N)5; NV)3
Reference: Conference Report on S. 625, the; Bill S. 652 ; vote number 1996-8 on Feb 1, 1996
http://www.issues2000.org/2004/John_Kerry_Infrastructure.htm
Kerry's telecommunications holdings:
Asset Information: Total Asset Valuation minimum maximum $198,794,683 - $839,038,000
Top 5 Assets: HEINZ H J CO $4,000,004 - $20,000,000 DEL MONTE FOODS CO $3,500,004 - $16,000,000 DF TEMPORARY INVESTMENT FUND (2) $3,000,004 - $12,000,000 UNITED STATES TREASURY BILLS (1) $2,500,003 - $11,002,000 FAIRPOINT COMMUNICATIONS INC TELECOM SERVICES $2,000,002 - $10,000,000
Asset Category Breakdown: Stocks or Bonds $173,867,611 - $734,449,000 General Investment $13,506,025 - $60,192,000 Real Estate $5,350,007 - $25,750,000 Other $1,877,011 - $6,884,000 Cash, Savings $3,144,027 - $6,662,000 Business Partnership $1,050,002 - $5,101,000
More information on Kerry's holdings:
http://www.bop2004.org/bop2004/candidate.aspx?cid=4&act=pfin
(Kerry is the second wealthiest Senator in the US Senate.)
WASHINGTON, May 7, 2003 — Sen. John F. Kerry, D-Mass., whose largest campaign contributor lobbies on behalf of telecommunication interests, pushed the legislative priorities of its clients in the wireless industry on several occasions, a Center for Public Integrity analysis of campaign, lobbying and congressional records has found. That analysis is part of the Center's research for The Buying of the President 2004 (to be published by HarperCollins), which tracks the financial backers and interests of the major candidates for the White House.
(snip)
Boston-based Mintz, Levin, Cohn, Ferris, Glovsky and Popeo P.C. has been the biggest financial backer of the Massachusetts Democrat's two decades-long political career in elected office, with its employees contributing nearly $187,000 to various Kerry races, including his current presidential campaign.
(snip)
Mintz, Levin advertises communications law among its areas of expertise and lobbies on behalf of wireless industry clients such as AT&T Wireless Service, XO Communications Inc. and the Cellular Telecommunications & Internet Association. CTIA is the trade association of the wireless industry; its more than 320 members include carriers, manufacturers and wireless Internet providers. CTIA-affiliated companies and their employees have contributed at least $152,000 to Kerry. The amount includes contributions made to his presidential campaign and his previous election efforts, his political action committees and the 527 group that Kerry formed. Verizon employees donated close to a third of that amount ($45,400).
Kerry and his wife Teresa Heinz Kerry have substantial holdings in telecommunications companies; between $17.6 million and $47.1 million of their combined fortune is held in companies with a stake in the industry, the Center's analysis of his financial disclosure form revealed. That falls in a range of roughly 7 percent to 11 percent of the couple's combined $165 million to $626 million in assets. Most of the fortune, and the stocks, belong to Heinz Kerry.
Some $3.9 million to $13.9 million of those holdings are in companies which are members of CTIA.
http://www.bop2004.org/bop2004/report.aspx?aid=4
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