Casey Mulligan
The data on this page comes from a financial disclosure filed by Casey Mulligan, who was picked to be: Chief Counsel for Advocacy, Small Business Administration. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Roles Outside Government
Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)
| Organization | Position held | Endnote | Line No. |
|---|---|---|---|
| University of Chicago | Professor of Economics, 7/1993 - Present | 1 | |
| Committee to Unleash Prosperity | Fellow, 7/2020 - 1/2025 | 2 | |
| Hoover Institution | Senior Fellow Adjunct, 10/2024 - Present | 3 | |
| Casey Mulligan Consulting LLC | President (paid), 12/2004 - Present | Casey Mulligan Consulting is a LLC taxed as a C-corporation. | 4 |
| JMJ Economics LLC | President (unpaid), 2/2010 - Present | JMJ Economics is a LLC taxed as a C-corporation. | 5 |
| Hoover Institution | Visiting Fellow (unpaid), 1/2023 - 1/2023 | 6 |
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| University of Chicago | $329K | Salary | 1 | ||
| Hoover Institution | $10,000 | Fellowship stipends | 2 | ||
| Casey Mulligan Consulting LLC (Economics consulting) | $100K - $250K | $195K | Salary | Casey Mulligan Consulting is a LLC taxed as a C-corporation. | 3 |
| JMJ Economics LLC (Economics authoring) | $100K - $250K | JMJ Economics is a LLC taxed as a C-corporation. No income was distributed during the reporting period. The income amount shown is retained earnings. | 4 | ||
| "The Redistribution Recession," Oxford University Press (value not readily ascertainable) | None (or less than $201) | 4.1 | |||
| "Side Effects and Complications," University of Chicago Press (value not readily ascertainable) | None (or less than $201) | 4.2 | |||
| Committee to Unleash Prosperity | $138K | Fellowship payments | 4.3 | ||
| National Review articles - bimonthly Jan - Dec 2024 | $12,000 | Payments for articles published | 4.4 | ||
| IRA #1 | 5 | ||||
| Vanguard Dividend Growth Fund Investor Shares (VDIGX) | $50,001 - $100K | None (or less than $201) | 5.1 | ||
| Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) | $15,001 - $50,000 | None (or less than $201) | 5.2 | ||
| Vanguard Pacific Stock Index Fund Institutional Plus Shares (VPAPX) | $15,001 - $50,000 | None (or less than $201) | 5.3 | ||
| Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) | $15,001 - $50,000 | None (or less than $201) | 5.4 | ||
| University of Chicago defined contribution | 6 | ||||
| Vanguard Federal Money Market Fund Investor Shares (VMFXX) | $250K - $500K | None (or less than $201) | 6.1 | ||
| Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) | $500K - $1M | None (or less than $201) | 6.2 | ||
| Vanguard Target Retirement 2035 Fund Investor Class Shares (VTTHX) | $500K - $1M | None (or less than $201) | 6.3 | ||
| Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) | $250K - $500K | None (or less than $201) | 6.4 | ||
| Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) | $250K - $500K | None (or less than $201) | 6.5 | ||
| Speaker Honorarium UW Madison - 9/23/2024 | $5,000 | Speaker Honorarium | 7 | ||
| Speaker Honorarium UT Austin - 3/5/2024 | $5,000 | Speaker Honorarium | 8 | ||
| Speaker Honorarium Texas Tech University - 1/6/2024 | $5,000 | Speaker Honorarium | 9 | ||
| Deep State Protocol Capital Interest Grant | $1,001 - $15,000 | None (or less than $201) | Owner of BitChute.com, which is a video hosting service. | 10 | |
| "Chicago Price Theory," Princeton University Press (value not readily ascertainable) | None (or less than $201) | 11 | |||
| "You're Hired!," Republic Book Publishers (value not readily ascertainable) | None (or less than $201) | 12 | |||
| "Parental Priorities and Economic Inequality," University of Chicago Press (value not readily ascertainable) | None (or less than $201) | 13 | |||
| "The Economic Approach," University of Chicago Press (value not readily ascertainable) | None (or less than $201) | 14 |
Employment Agreements
Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)
| Organization | Agreement | Endnote | Line No. |
|---|---|---|---|
| University of Chicago | I will continue to participate in the University Laboratory Schools Benefit program (Reduced tuition for 2 children). (2025-07-01) | 1 | |
| University of Chicago | Unpaid leave of absence, 2 years, with no employer contributions to retirement plans. (2025-02-01) | 2 | |
| University of Chicago | I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation. (1993-07-01) | 3 | |
| Casey Mulligan Consulting LLC | This business will move to inactive status. It has no outstanding client fees. (2025-02-01) | Casey Mulligan Consulting is a LLC taxed as a C-corporation. | 4 |
| JMJ Economics LLC | This business will move to inactive status. It has no outstanding client fees. (2025-02-01) | JMJ Economics is a LLC taxed as a C-corporation. | 5 |
| Deep State Protocol LLC | I have finished providing the contracted content, and will not provide any while in government service. The 2024 capital grant is not yet an equity interest, but becomes an equity interest on a 2-year schedule, which would be August 2026. I am not owed any further compensation. (2025-02-01) | 6 |
Compensation
Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)
| Organization | Description | Endnote | Line No. |
|---|---|---|---|
| University of Chicago | Services as Professor of Economics | 1 | |
| Hoover Institution | Services as Senior Fellow Adjunct | 2 | |
| Casey Mulligan Consulting LLC | Services as President (paid) | Casey Mulligan Consulting is a LLC taxed as a C-corporation. | 3 |
| Committee to Unleash Prosperity | Participating in economics meetings and research projects. | 4 | |
| Jeffries Financial Group | Economics expert witness (client of Herbert, Smith, Freehills). | Jeffries Financial Group is a client of the law firm Herbert Smith Freehills, which hired CompassLexecon and Casey Mulligan Consulting to prepare an expert report. | 5 |
| Pharmaceutical Care Management Association | Summer 2023 economics research project on regulating pay for performance. | PCMA was a client of JMJ Economics. | 6 |
| National Review | Article authorship | 7 | |
| BRITISH AMERICAN TOBACCO | Economic analysis of e-cigarette regulation (client of Herbert, Smith, Freehills). | British American Tobacco is a client of the law firm Herbert Smith Freehills, which hired FTI Consulting and Casey Mulligan Consulting to prepare expert analysis. | 8 |
| Herbert, Smith, Freehills (client of Casey Mulligan Consulting) | Economics expert witness and economic analysis of e-cigarette regulation. See Jeffries Financial Group and British American Tobacco. | 9 |
Spouse’s Assets
Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| IRA #2 | 1 | ||||
| GE shares | $15,001 - $50,000 | None (or less than $201) | 1.1 | ||
| GE HealthCare Technologies Inc shares (GEHC) | $1,001 - $15,000 | None (or less than $201) | 1.2 | ||
| GE Vernova Inc shares (GEV) | $1,001 - $15,000 | None (or less than $201) | 1.3 | ||
| U.S. Bank #6 (Cash) | $100K - $250K | None (or less than $201) | 1.4 | ||
| Morgan Stanley Institutional Fund Inc Global Franchise Portfolio (MSFAX) | $100K - $250K | None (or less than $201) | 1.5 | ||
| Procter & Gamble shares | $100K - $250K | None (or less than $201) | 1.6 | ||
| Wrigley deferred compensation account | 2 | ||||
| Vanguard Instit Indx Plus fund | $1M - $5M | None (or less than $201) | 2.1 | ||
| Vanguard Ext Mkt fund | $500K - $1M | None (or less than $201) | 2.2 | ||
| Vanguard Dev Mkt | $500K - $1M | None (or less than $201) | 2.3 | ||
| VanguardEmerging Markets Stock Index Fund Instl Class Shares (VEMIX) | $100K - $250K | None (or less than $201) | 2.4 | ||
| PepsiCo defined contribution plan | 3 | ||||
| Blackrock Lifepath 2030 | $50,001 - $100K | None (or less than $201) | 3.1 | ||
| Blackrock International Equity | $15,001 - $50,000 | None (or less than $201) | 3.2 | ||
| Pepsico shares | $100K - $250K | None (or less than $201) | 3.3 | ||
| Wrigley defined contribution plan | 4 | ||||
| Vanguard Institutional 500 | $250K - $500K | None (or less than $201) | 4.1 | ||
| Vanguard Emerging Markets Stock Index Fund (VEMIX) | $15,001 - $50,000 | None (or less than $201) | 4.2 | ||
| Vanguard Institutional Ext fund | $100K - $250K | None (or less than $201) | 4.3 | ||
| Vanguard Developed Market | $100K - $250K | None (or less than $201) | 4.4 | ||
| Pepsico, defined benefit plan (value not readily ascertainable) | None (or less than $201) | 5 | |||
| Mars Inc., defined benefit plan (value not readily ascertainable) | None (or less than $201) | 6 | |||
| Tricon Global Restaurants, defined benefit plan (value not readily ascertainable) | None (or less than $201) | 7 |
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| U.S. Bank #1 (Cash) | $1,001 - $15,000 | None (or less than $201) | 1 | ||
| U.S. Bank #2 (Cash) | $15,001 - $50,000 | None (or less than $201) | 2 | ||
| U.S. Bank #3 (Cash) | $100K - $250K | None (or less than $201) | 3 | ||
| Brightstart IL 529 Plan (IL sponsor) | 4 | ||||
| Aggressive Enrolled Portfolio (Brightstart Fund code 4228) | $15,001 - $50,000 | None (or less than $201) | 4.1 | ||
| Vanguard 500 Index Fund Admiral Shares (VFIAX) | $250K - $500K | $5,001 - $15,000 | 5 | ||
| Vanguard Federal Money Market Fund Investor Shares (VMFXX) | $50,001 - $100K | $2,501 - $5,000 | 6 | ||
| U.S. Bank #4 (Cash) | None (or less than $1,001) | $1,001 - $2,500 | Interest | 7 | |
| U.S. Bank #5 (Cash) | None (or less than $1,001) | $5,001 - $15,000 | Interest | 8 | |
| PepsiCo, Inc. (PEP) | $50,001 - $100K | $1,001 - $2,500 | Dividends | 9 | |
| Yum! Brands, Inc. (YUM) | $250K - $500K | $5,001 - $15,000 | Dividends | 10 | |
| Procter & Gamble Co. (PG) | $100K - $250K | $2,501 - $5,000 | Dividends | 11 | |
| Tuthill Oysterponds Holding Company | None (or less than $201) | The holding company has a loss for the reporting period. | 12 | ||
| Undeveloped land, Suffolk County, NY | $250K - $500K | 12.1 | |||
| The J. M. Smucker Co. (SJM) | $1,001 - $15,000 | None (or less than $201) | 13 | ||
| Vanguard Total Stock Market Index Fund Admiral Class Shares (VTSAX) | $1M | $15,001 - $50,000 | 14 | ||
| U.S. Brokerage account | 15 | ||||
| Apple, Inc. (AAPL) | $1M | $5,001 - $15,000 | Dividends | 15.1 | |
| Amgen Inc. (AMGN) | $100K - $250K | $5,001 - $15,000 | Dividends | 15.2 | |
| American Tower Corporation (REIT) Common Stock (AMT) | $100K - $250K | $2,501 - $5,000 | Dividends | 15.3 | |
| Amazon.com, Inc. (AMZN) | $100K - $250K | None (or less than $201) | 15.4 | ||
| Berkshire Hathaway Inc. (BRKB) | $250K - $500K | None (or less than $201) | 15.5 | ||
| Crown Castle International Corp. (CCI) | $50,001 - $100K | $5,001 - $15,000 | Dividends | 15.6 | |
| Costco Wholesale Corp. (COST) | $250K - $500K | $1,001 - $2,500 | Dividends | 15.7 | |
| Salesforce.com, inc. (CRM) | $100K - $250K | $201 - $1,000 | Dividends | 15.8 | |
| Chevron Corp. (CVX) | $15,001 - $50,000 | $1,001 - $2,500 | Dividends | 15.9 | |
| Edwards Lifesciences Corp. (EW) | $50,001 - $100K | None (or less than $201) | 15.10 | ||
| Alphabet, Inc. (GOOG) | $100K - $250K | $201 - $1,000 | Dividends | 15.11 | |
| Alphabet, Inc., Class A | $500K - $1M | $1,001 - $2,500 | Dividends | 15.12 | |
| The Home Depot, Inc. (HD) | $100K - $250K | $2,501 - $5,000 | Dividends | 15.13 | |
| Intuitive Surgical, Inc. (ISRG) | $250K - $500K | None (or less than $201) | 15.14 | ||
| JOHNSON & Johnson (JNJ) | $100K - $250K | $2,501 - $5,000 | Dividends | 15.15 | |
| Meta Platforms Inc. Class A Common Stock (META) | $100K - $250K | $201 - $1,000 | Dividends | 15.16 | |
| Merck & Co., Inc. (mrk) | $100K - $250K | $2,501 - $5,000 | Dividends | 15.17 | |
| U.S. Brokerage Money Market Account (cash) | $1,001 - $15,000 | None (or less than $201) | 15.18 | ||
| Microsoft Corp. (MSFT) | $500K - $1M | $5,001 - $15,000 | Dividends | 15.19 | |
| Netflix, Inc. (NFLX) | $500K - $1M | None (or less than $201) | 15.20 | ||
| ServiceNow, Inc. (NOW) | $250K - $500K | None (or less than $201) | 15.21 | ||
| Organon & Co. Common Stock (OGN) | $1,001 - $15,000 | None (or less than $201) | 15.22 | ||
| ResMed, Inc. (RMD) | $15,001 - $50,000 | $201 - $1,000 | Dividends | 15.23 | |
| AT&T Inc shares (T) | $15,001 - $50,000 | $201 - $1,000 | Dividends | 15.24 | |
| Thermo Fisher Scientific, Inc. (TMO) | $100K - $250K | $201 - $1,000 | Dividends | 15.25 | |
| Visa, Inc. (V) | $100K - $250K | $1,001 - $2,500 | Dividends | 15.26 | |
| Verizon Communications, Inc. (VZ) | $50,001 - $100K | $2,501 - $5,000 | Dividends | 15.27 | |
| Yum China Holdings Inc. Common Stock (YUMC) | $50,001 - $100K | $1,001 - $2,500 | Dividends | 15.28 |
Liabilities
Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)
| Creditor | Description | Endnote | Line No. |
|---|---|---|---|
| JPMorgan Chase | type: Mortgage on Personal Residence, amount: $500,001 - $1,000,000, year-incurred: 2021, rate: 2.25%, term: 5/1 ARM | 5/1 Adjustable rate mortgage | 1 |
| Discover Card | type: Credit Card, amount: $15,001 - $50,000, year-incurred: 2024, rate: 13.99%, term: Revolving | 2 |
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
