Loren Smith
The data on this page comes from a financial disclosure filed by Loren Smith, who was picked to be: Deputy Assistant Secretary, Department of Transportation in January, 2025. 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)
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)
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. |
|---|---|---|---|
| Skyline Policy Risk Group, LLC | Services as President | 1 | |
| Apco Worldwide | Consultant | 2 | |
| Blue Door Strategy and Research | Consultant | 3 | |
| Capital Alpha Partners, LLC | Consultant | 4 | |
| Drumfire Public Affairs | Consultant | 5 | |
| GIG Group, Inc | Consultant | 6 | |
| Oculus Strategies, LLC | Consultant | 7 | |
| Pedestrian Safety Solutions, LLC | Consultant | 8 | |
| Platform Science | Consultant | 9 | |
| SkyTran | Consultant | 10 | |
| The Knudsen Institute | Executive Director | 11 | |
| Valis Associates, LLC | Consultant | 12 | |
| Valis Network, LLC | President | 13 | |
| Waggoner Engineering | Consultant | 14 |
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)
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. |
|---|---|---|---|---|---|
| TRADITIONAL IRA | 1 | ||||
| American Century ETF (TRAVDV) | $1,001 - $15,000 | None (or less than $201) | 1.1 | ||
| Ishares Russell 1000 ETF (IWB) | $1,001 - $15,000 | None (or less than $201) | 1.2 | ||
| ISHARES RUSSELL 2000 ETF (IWM) | $1,001 - $15,000 | None (or less than $201) | 1.3 | ||
| ISHARES RUSSELL MID-CAP ETF (IWR) | $1,001 - $15,000 | None (or less than $201) | 1.4 | ||
| Vanguard Developed Markets Index Fund ETF Shares (VEA) | $1,001 - $15,000 | $201 - $1,000 | 1.5 | ||
| Vanguard Growth Index Fund ETF Class Shares (VUG) | $1,001 - $15,000 | None (or less than $201) | 1.6 | ||
| Vanguard Value Index Fund ETF Shares (VTV) | $1,001 - $15,000 | $201 - $1,000 | 1.7 | ||
| BlackRock High Yield Bond Portfolio Class K Shares (BRHYX) | $1,001 - $15,000 | None (or less than $201) | 1.8 | ||
| Bridge Builder Core Bond Fund (BBTBX) | $1,001 - $15,000 | $201 - $1,000 | 1.9 | ||
| Bridge Builder Core Plus Bond Fund (BBCPX) | $1,001 - $15,000 | $201 - $1,000 | 1.10 | ||
| Bridge Builder International Equity Fund (BBIEX) | $1,001 - $15,000 | $201 - $1,000 | 1.11 | ||
| Bridge Builder Large Cap Growth Fund (BBGLX) | $1,001 - $15,000 | None (or less than $201) | 1.12 | ||
| Bridge Builder Large Cap Value Fund (BBVLX) | $1,001 - $15,000 | None (or less than $201) | 1.13 | ||
| Bridge Builder Small/Mid Cap Value Fund (BBVSX) | $1,001 - $15,000 | None (or less than $201) | 1.14 | ||
| T. Rowe Price International Bond Fund (USD Hedged) T. Rowe Price International Bond Fund (USD Hedged)-I Class (TNBMX) | $1,001 - $15,000 | None (or less than $201) | 1.15 | ||
| Grandeur Peak International Stalwarts Fund Institutional Class Shares (GISYX) | $1,001 - $15,000 | None (or less than $201) | 1.16 | ||
| Bridge Builder Small/Mid Cap Growth Fund (BBGSX) | $1,001 - $15,000 | None (or less than $201) | 1.17 | ||
| College America 529 Plan 1 | None (or less than $1,001) | $500 | Cash distributions | 2 | |
| College America 529 Plan 2 | $13,200 | Cash distributions | 3 | ||
| American Funds US Government Money Market Fund Class 529-A Shares (AAFXX) | $1,001 - $15,000 | None (or less than $201) | 3.1 | ||
| College America 529 Plan 3 | $2,401 | Cash distributions | 4 | ||
| American Funds US Government Money Market Fund Class 529-A Shares (AAFXX) | $1,001 - $15,000 | None (or less than $201) | 4.1 | ||
| College America 529 Plan 4 | None (or less than $1,001) | $2,401 | Cash distributions | 5 | |
| College America 529 Plan 5 | None (or less than $1,001) | $2,401 | Cash distributions | 6 | |
| College America 529 Plan 6 | $1,001 - $15,000 | $2,401 | Cash distributions | 7 | |
| American Funds College 2030 Fund Class 529-A Shares (CTHAX) | $1,001 - $15,000 | None (or less than $201) | 7.1 | ||
| Roth IRA | 8 | ||||
| iShares Core Total USD Bond Market ETF (IUSB) | $1,001 - $15,000 | None (or less than $201) | 8.1 | ||
| Vanguard Mid-Cap Value Index Fund ETF Class Shares (VOE) | $1,001 - $15,000 | None (or less than $201) | 8.2 | ||
| Federated Hermes Government Obligations Fund SDG Shares (GPHXX) | None (or less than $1,001) | None (or less than $201) | 8.3 | ||
| Invesco Global Opportunities Fund Class R6 | $1,001 - $15,000 | None (or less than $201) | 8.4 | ||
| John Hancock Bond Fund Class R6 Shares (JHBSX) | $1,001 - $15,000 | None (or less than $201) | 8.5 | ||
| John Hancock Funds III International Growth Fund Class R6 Shares (JIGTX) | $1,001 - $15,000 | None (or less than $201) | 8.6 | ||
| JPMorgan Equity Income Fund Class R6 Shares (OIEJX) | $1,001 - $15,000 | None (or less than $201) | 8.7 | ||
| PGIM Jennison NextGeneration Global Opportunities Fund Class R6 (PAHVX) | $1,001 - $15,000 | None (or less than $201) | 8.8 | ||
| T Rowe Price Blue Chip Growth Fund, Inc Class I Shares (TBCIX) | $1,001 - $15,000 | None (or less than $201) | 8.9 | ||
| T Rowe Price Capital Appreciation Fund Class I Shares (TRAIX) | $1,001 - $15,000 | None (or less than $201) | 8.10 | ||
| Transamerica International Equity Class I Shares (TSWIX) | $1,001 - $15,000 | None (or less than $201) | 8.11 | ||
| Victory Munder Mid-Cap Core Growth Fund Class R6 Shares (MGOSX) | $1,001 - $15,000 | None (or less than $201) | 8.12 | ||
| College America 529 Plan 7 | None (or less than $1,001) | $2,399 | Cash distributions | 9 | |
| College America 529 Plan 8 | None (or less than $1,001) | $733 | Cash distributions | 10 |
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)
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.
