Michael Powers
The data on this page comes from a financial disclosure filed by Michael Powers, who was picked to be: Deputy Under Secretary (Comptroller), Department of Defense. 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. |
|---|---|---|---|
| MPARC Solutions LLC | President, 2/2025 - Present | MPARC is an LLC I established in Feb 2025. It is not affiliated in any way with MDC Solutions. I did work as a W2 employee for MDC on a DLA contract related to (but different than) the enterprise risk management and internal control contract that I now support thru my MPARC LLC. MPARC LLC does have a sub- contract agreement with AOC Solutions that pays me, but I am not an employee or investor of AOC or MDC. | 1 |
| MDC Global Solutions | Senior Program Manager/Partner on contract, 11/2022 - 2/2025 | I was a W2 employee of MDC Global Solutions. I had no ownership interest, and my employment ended on Feb 14, 2025. They do not owe me any salary or bonuses. I was not 'employed' by MDC Global Solutions, MPARC, or AOC Solutions at the same time although all three supported DLA contracts related to Enterprise Risk Management and Internal Controls. | 2 |
| Revocable Trust | Trustee, 9/2016 - Present | Filer and spouse are trustees of 'their' revocable family trust. Upon death, our kids split up the family assets without going thru probate. | 3 |
| AOC Solutions | Sub-contractor, 2/2025 - Present | My company, MPARC LLC, has a subcontracting relationship, only, with AOC Solutions of Fairfax VA. I bill them monthly for subject matter expertise work I do for them on their DLA contract related to Enterprise Risk Management and Internal Controls. I have no other relationship to AOC Solutions. | 4 |
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. |
|---|---|---|---|---|---|
| MPARC Solutions LLC (risk management consulting) | None (or less than $1,001) | $38,400 | Business Income | This is a payment received from AOC Solutions | 1 |
| MDC Global Solutions (risk management/controls) | $506K | Salary/Bonus | 2 | ||
| IRA | 3 | ||||
| Fidelity Floating Rate High Income Fund (FFRHX) | $15,001 - $50,000 | None (or less than $201) | 3.1 | ||
| Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) | $50,001 - $100K | None (or less than $201) | 3.2 | ||
| Alerian MLP ETF (AMLP) | $15,001 - $50,000 | None (or less than $201) | 3.3 | ||
| First Trust NASDAQ Cybersecurity ETF (CIBR) | $15,001 - $50,000 | None (or less than $201) | 3.4 | ||
| FIRST TRUST VEST RISING DIVIDEND ACHIEVERS TARGET (RDVI) | $15,001 - $50,000 | None (or less than $201) | 3.5 | ||
| FIRST TRUST NASDAQ RISING DIVIDEND ACHIEVERS | $100K - $250K | None (or less than $201) | 3.6 | ||
| FT Vest US Equity Deep Buffer ETF | $50,001 - $100K | None (or less than $201) | 3.7 | ||
| First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) | $100K - $250K | None (or less than $201) | 3.8 | ||
| Global X US Infrastructure Development ETF (PAVE) | $15,001 - $50,000 | None (or less than $201) | 3.9 | ||
| Invesco QQQ Trust, Series 1 (QQQ) | $15,001 - $50,000 | None (or less than $201) | 3.10 | ||
| Invesco Aerospace & Defense ETF (PPA) | $1,001 - $15,000 | None (or less than $201) | 3.11 | ||
| ISHARES TR EXPANDED TECH IGV | $15,001 - $50,000 | None (or less than $201) | 3.12 | ||
| ISHARES TR US HOME CONS ETF (ITB) | $1,001 - $15,000 | None (or less than $201) | 3.13 | ||
| iShares US Healthcare Providers ETF (IHF) | $15,001 - $50,000 | None (or less than $201) | 3.14 | ||
| SPDR S&P 500 ETF TRUST (SPY) | $15,001 - $50,000 | None (or less than $201) | 3.15 | ||
| Industrial Select Sector SPDR Fund (XLI) | $15,001 - $50,000 | None (or less than $201) | 3.16 | ||
| VanEck Vectors Semiconductor ETF (SMH) | $50,001 - $100K | None (or less than $201) | 3.17 | ||
| Vanguard Dividend Appreciation Index Fund ETF Class Shares (VIG) | $100K - $250K | None (or less than $201) | 3.18 | ||
| Vanguard Mid-Cap Index Fund ETF Shares (VO) | $15,001 - $50,000 | None (or less than $201) | 3.19 | ||
| Vanguard Small-Cap Index Fund ETF Shares (VB) | $15,001 - $50,000 | None (or less than $201) | 3.20 | ||
| MDC GLOBAL SOLUTIONS 401(k) | 4 | ||||
| Vanguard Target Retirement 2020 Fund | $50,001 - $100K | None (or less than $201) | 4.1 | ||
| Vanguard Value Index Fund | $1,001 - $15,000 | None (or less than $201) | 4.2 | ||
| VANGUARD MID-CAP VALUE INDEX FUND | $1,001 - $15,000 | None (or less than $201) | 4.3 |
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. |
|---|---|---|---|
| MDC Global Solutions | Contributions to this 401k of about $60,000 made while I worked at MDC Global Solutions is currently being transferred to IRA held by Raymond James. MDC ceased making contributions in Feb 2025. (2022-12-01) | 1 | |
| MPARC Solutions LLC | My consulting business will be dormant during my appointment. There are no employment agreements going forward. (2025-02-01) | 2 |
Compensation
Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)
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. |
|---|---|---|---|---|---|
| SPOUSE IRA | 1 | ||||
| Deposit Program (cash) | $1,001 - $15,000 | None (or less than $201) | 1.1 | ||
| Apple, Inc. (AAPL) | $15,001 - $50,000 | None (or less than $201) | 1.2 | ||
| Fidelity Floating Rate High Income Fund (FFRHX) | $15,001 - $50,000 | None (or less than $201) | 1.3 | ||
| First Trust Capital Strength ETF (FTCS) | $15,001 - $50,000 | None (or less than $201) | 1.4 | ||
| FT Vest US Equity Deep Buffer ETF | $1,001 - $15,000 | None (or less than $201) | 1.5 | ||
| FT VEST U.S. EQUITY MODERATE BUFFER EQUITY (GSEP) | $15,001 - $50,000 | None (or less than $201) | 1.6 | ||
| INNOVATOR EQUITY DEFINED PROTECTION ETF-2 YR TO (AOCT) | $50,001 - $100K | None (or less than $201) | 1.7 | ||
| INVESCO AEROSPACE & DEFENSE EFT (PPA) | $15,001 - $50,000 | None (or less than $201) | 1.8 | ||
| ISHARES TR U.S. MED DVC ETF (IHI) | $1,001 - $15,000 | None (or less than $201) | 1.9 | ||
| Technology Select Sector SPDR Fund (XLK) | $15,001 - $50,000 | None (or less than $201) | 1.10 | ||
| Tesla, Inc. (TSLA) | $1,001 - $15,000 | None (or less than $201) | 1.11 | ||
| Vanguard Information Technology Index Fund ETF Class Shares (VGT) | $15,001 - $50,000 | None (or less than $201) | 1.12 |
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. |
|---|---|---|---|---|---|
| DJT Stock - Trump Media & Technology | $1,001 - $15,000 | None (or less than $201) | 1 | ||
| Vacant Land #1 @ Triangle VA | $250K - $500K | None (or less than $201) | 2 | ||
| Vacant Land #2 @ Triangle VA | $250K - $500K | None (or less than $201) | 3 | ||
| Residential house (rented out) in Dumfries VA | $250K - $500K | $15,001 - $50,000 | Rent or Royalties | 4 | |
| US BANK #1 (cash) | $50,001 - $100K | $2,501 - $5,000 | Interest | 5 | |
| US BANK #2 (cash) | $15,001 - $50,000 | None (or less than $201) | Interest | 6 | |
| US bank #3 (Cash) | $15,001 - $50,000 | None (or less than $201) | Interest | 7 |
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. |
|---|---|---|---|
| Navy Federal Credit Union | type: Mortgage on Personal Residence, amount: $250,001 - $500,000, year-incurred: 2023, rate: 5.25 %, term: 30 years | 1 | |
| Pentagon Federal Credit Union | type: Mortgage (investment/rent al property), amount: $100,001 - $250,000, year-incurred: 2012, rate: 3.25 %, term: 30 years | 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.
Join us on Wednesday, April 8 for a walkthrough of ProPublica's new database of financial disclosures from Trump appointees and any potential conflicts they reveal. Register here.
