DOMA Limits House Candidate Sean Eldridge's Financial Disclosures

Sean Eldridge, president of Hudson River Ventures, left, and Chris Hughes, editor-in-chief and publisher of The New Republic
Sean Eldridge, president of Hudson River Ventures, left, and Chris Hughes, editor-in-chief and publisher of The New Republic and a founder of Facebook Inc., stand for a photograph during the Paris Review Spring Revel gala in New York, U.S., on Tuesday, April 3, 2012. The Paris Review Spring Revel is an annual gala held in celebration of great American writers and writing. This year's benefit celebrated the literary magazine's 200th issue. Photographer: Amanda Gordon/Bloomberg via Getty Images

WASHINGTON -- If elected to represent New York's 19th House district, Sean Eldridge would be among the wealthiest members of Congress, thanks to husband Chris Hughes' Facebook fortune. The only problem: you wouldn't know that according to his first personal financial disclosure form.

Eldridge's disclosure doesn't include his spouse's assets because the Defense of Marriage Act prevents federal law from recognizing same-sex marriages. DOMA affects federal disclosure laws like the Ethics in Government Act, which requires all candidates for Congress to disclose both their own personal finances and those held by their spouse and dependent children.

Eldridge reported on his first financial disclosure report, filed in May, a minimum net worth of $4.3 million and a maximum net worth of $9.6 million (disclosures are reported in ranges). That's actually about average for a member of the House of Representatives, according to the Center for Responsive Politics.

But Hughes, the owner and publisher of the magazine The New Republic, is reportedly worth $450 million thanks to his role as a co-founder of Facebook.

The exclusion of same-sex spouses from financial disclosure laws is a new problem now that more states allow same-sex marriages. New York is one of 13 states that recognizes same-sex marriages and Eldridge is apparently the only congressional candidate who has encountered the wrinkle in disclosure laws created by DOMA. (Rep. Marc Pocan (D-Wis.), the only married gay member of Congress, wed in Canada and represents a state that does not recognize same-sex marriages.)

The watchdog group Citizens for Responsibility and Ethics in Washington filed a brief in the court challenge to DOMA arguing that the 1996 law undermines federal ethics statutes by limiting the disclosure of a same-sex spouse's assets -- as in Eldridge's case -- and by protecting same-sex couples from anti-nepotism laws.

“Gay people are neither more nor less ethical than straight people. It is impossible to imagine the Congress that so eagerly passed DOMA would have deliberately exempted same-sex couples from ethics laws if members had considered the issue for even a moment,” said CREW Executive Director Melanie Sloan, in a statement at the time.

The Supreme Court is expected to announce a decision on DOMA in the coming months. If the court strikes down the law, the financial disclosure form Eldridge will file next year should contain the hundreds of millions of assets controlled by his husband.



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