This database was last updated in October 2019 and should only be used as a historical snapshot. There may be new information that is not included here.
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
- BAE Systems Director, Strategy
- Catholic Medical Center Director
- University System of New Hampshire Director, Economic Partnerships
- University of New Hampshire Law School Executive Director
Former Compensation Sources
- BAE Systems Strategist for the Electronics Sector of BAE Systems
- University System of New Hampshire Responsible for USNH partnerships with corporate and other external entities
- University of New Hampshire Law School Responsible for the operations of the Rudman Center, a public policy institute of UNH Law School
Lobbied for
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 |
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