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Richard "Rich" Ashooh

Commerce (joined: Aug. 14, 2017)

Assistant Secretary for Export Enforcement | Financial Disclosure »

Bio, via Bureau of Industry and Security - Commerce:

Rich Ashooh serves as the U.S. Assistant Secretary of Commerce for Export Administration. In this role, he is responsible for the U.S. dual-use export control policy, as well as the management of the Department of Commerce’s national security, nonproliferation, and foreign policy functions within the Bureau of Industry and Security. He also oversees the Bureau’s programs that ensure industrial resources are available to meet national and economic security requirements, including the Defense Priorities Allocation System (DPAS). He also participates in the Committee on Foreign Investment in the United States (CFIUS), which reviews transactions of foreign direct investment in U.S. companies for national security concerns. The Assistant Secretary chairs the Advisory Committee on Export Policy, which is a multi-agency tool to resolve security-related export policy matters. In addition, his responsibilities include the Office of Strategic Industries and Economic Security (SIES), the Office of Nonproliferation and Treaty Compliance (NPTC), the Office of National Security and Technology Transfer Controls (NSTTC), the Office of Exporter Services (OExS), and the Office of Technology Evaluation (OTE). For much of his career, Rich was a senior executive in the defense industry, with the electronics group of Lockheed, which was later acquired by BAE Systems. During this time, Rich contributed to the growth of that business from an $800 million company to a nearly $5 billion enterprise and the world leader in electronic warfare. Rich was instrumental in the success of numerous programs which serve U.S. and allied warfighters. Rich also led the company’s homeland security efforts after 9/11, focusing the company’s technology solutions toward a new range of threats to our nation. He is proud to have contributed to the success of dozens of programs that have protected the lives of countless US and allied military servicemen and women. Rich’s professional career began in the US Senate, serving for several years as a Professional Staff Member on the US Senate Committee on Governmental Affairs where his primary focus was on federal procurement policies and oversight. A leader the higher education community, Rich served on the Board of Trustees for the University System of New Hampshire, Franklin Pierce University in Rindge, as well as the UNH Foundation board. Prior to his nomination, he served as the Director of Economic Partnerships for the University System of New Hampshire, with over 33,000 enrolled students and the largest provider of post-secondary education in the state. He also served as Interim Executive Director of the Warren B. Rudman Center for Justice, Leadership and Public Policy at the University of New Hampshire School Of Law, a nationally ranked leader in intellectual property law. Rich was born in Manchester, New Hampshire, and is a graduate of the University of New Hampshire, where he met his wife, the former Lori Johnson of Peterborough. He and Lori have five children: Sofie 24, Emma 22, Elias 20, Maya 19, and Sam 17.

Former Positions Outside Government

Former Compensation Sources

Bell Lobbied for

See more financial disclosure details ⬇

Employment Assets

Description Value Income
University System of New Hampshire $17,241
University of New Hampshire Law School $30,404
BAE Systems, deferred compensation: received $123,051
BAE Systems, stock appreciation rights None (or less than $1,001) $5,924
VOYA IRA
VOYA IRA Asset: VOYA GNMA Income Asset 1 $1,001 - $15,000 None (or less than $201)
VOYA IRA Asset: TRowe Price Capital Appreciation Fund $1,001 - $15,000 None (or less than $201)
VOYA IRA Asset: Lord Abbett Bond Debenture Fund $1,001 - $15,000 None (or less than $201)
VOYA IRA Asset: Prudential Total Return Bond $1,001 - $15,000 None (or less than $201)
VOYA IRA Asset: Fidelity Adv Diversified Stock Fund $1,001 - $15,000 None (or less than $201)
BAE 401K
BAE 401K Asset: BAE Sys Stable Value Fund $15,001 - $50,000 $201 - $1,000
BAE 401K Asset: Fidelity Contrafund Comingled $100,001 - $250,000 $5,001 - $15,000
BAE 401K Asset: Westwood SmidCap Fund $50,001 - $100,000 $5,001 - $15,000
BAE Systems, defined benefit plan (value not readily ascertainable) $4000 per month commencing at age 65 None (or less than $201)
BAE Deferred Comp Package #1
BAE Deferred Comp: tracks Invesco VI High Yield Series I Shares $1,001 - $15,000 None (or less than $201)
BAE Deferred Comp: tracks Fidelity VIP Index 500 Initial Class $1,001 - $15,000 None (or less than $201)
BAE Deferred Comp: tracks T. Rowe Price Health Sciences Class II $1,001 - $15,000 None (or less than $201)
BAE Deferred Comp Package #2
BAE Systems Deferred Comp #2: tracks Fidelity VIP Govt Money Market Initial Class $1,001 - $15,000 None (or less than $201)
BAE Systems Deferred Comp #2: tracks Vanguard VIF Short Term Investment Grade $1,001 - $15,000 None (or less than $201)
BAE Systems Deferred Comp #2: tracks Invesco VI Hi Yield - Series I Shares $1,001 - $15,000 None (or less than $201)
BAE Systems Deferred Comp #2: tracks Vanguard VIF Diversified Value $1,001 - $15,000 None (or less than $201)
BAE Systems Deferred Comp #2: tracks Fidelity VIP Index 500 - Initial Class $1,001 - $15,000 None (or less than $201)
BAE Systems Deferred Comp #2: tracks Vanguard VIF Cap Growth $1,001 - $15,000 None (or less than $201)
BAE Systems Deferred Comp #2: tracks Vanguard VIF Mid Cap Index $1,001 - $15,000 None (or less than $201)
BAE Systems Deferred Comp #2: tracks Vanguard VIF Small Company Growth $1,001 - $15,000 None (or less than $201)
BAE Systems Deferred Comp #2: tracks Vanguard VIF International $1,001 - $15,000 None (or less than $201)
BAE Systems Deferred Comp #2: tracks T.Rowe Price Health Sciences - Class II $1,001 - $15,000 None (or less than $201)

Other Income/Assets

Description Value Income
Virginia College Savings Plan/College America $1,001 - $15,000 None (or less than $201)
Fundamental Investors 529-C $1,001 - $15,000 None (or less than $201)
The Growth Fund of America $1,001 - $15,000 None (or less than $201)
U.S. Bank Account #1 - Cash $15,001 - $50,000 None (or less than $201)
U.S. Bank Account #2 - Cash $1,001 - $15,000 None (or less than $201)
U.S. Bank Account #3 - Cash $15,001 - $50,000 None (or less than $201)
U.S. Bank Account #4 - Cash $1,001 - $15,000 None (or less than $201)
E Trade Brokerage Acct
E Trade holding: Amazon Inc Common Stock $1,001 - $15,000 None (or less than $201)
E Trade Holding: Apple Inc. - Common Stock $1,001 - $15,000 None (or less than $201)
E Trade Holding: Panera Bread Company - Class A Common Stock $1,001 - $15,000 None (or less than $201)
Loan (receivable) from campaign committee (As a candidate for Congress in 2010, filer made a $50,000 loan to the campaign committee. While the loan remains outstanding, there is no effort to retire that obligation.) $15,001 - $50,000 None (or less than $201)
Stock sale Tesla Motors Inc None (or less than $1,001) $2,501 - $5,000
Stock Sale - Merck Inc None (or less than $1,001) $1,001 - $2,500

Employment Agreements and Arrangements

Employer or Party City, State Status and Terms Date
BAE Systems Nashua, New Hampshire I participated in a deferred comp plan from my employment with BAE Systems. I have two remaining investments in the plan, one for each of the years 2015 and 2016. Income was set aside in these years and tracks to a mix of investment funds, from which I will receive payments in 2018 and 2019. The amount of the payments will depend on the performance of the funds. Prudential administers the deferred comp plan for BAE. Jan. 16, 2015
BAE Systems Arlington, Virginia I will receive a defined annuity upon reaching age 65. April 16, 1994
BAE Systems 401K Arlington, Virginia As an employee until 2015, I paid into a company sponsored 401K which is invested in a variety of funds, detailed in part 2. Benefits will be paid upon a certain retirement age. The plan sponsor does not make further contributions since my separation, and I no longer pay into the 401K. Jan. 16, 2001

Liabilities

Creditor Name Creditor Type Amount Rate Year Incurred
Nelnet (US Dept of Ed) Student Loan $100,001 - $250,000 7% 2012
Logix Credit Union Mortgage on Personal Residence $100,001 - $250,000 3.94 2012
TD Bank Exercised Line of Credit $100,001 - $250,000 5% 2015

Spouse's Employment Assets

Description Value Income Type Income Amount
McKeryn Bridge Foundation (Family Foundation) Contractor fee $35,000
Bedford Crew Club (High School Rowing Program) Contractor fee $16,500

Do you know something about Richard "Rich" Ashooh? Send us an email at [email protected] or send a Signal message to 347-244-2134.

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