U.S. Department of Justice IJ'ashi11gton. D. C 20530 DEC Z3 2016 Walter M. Shaub, Jr. Director Office of Government Ethics 1201 New York Avenue, NW Suite 500 Washington, DC 20005-3919 Dear Mr. Shaub: In accordance with the provisions of Title I of the Ethics in Government Act of 1978, as amended, I am forwarding the financial disclosure report of Jefferson B. Sessions IIl. PresidentElect Trump has announced his intent to nominate Senator Sessions to serve as Attorney General of the United States. We have conducted a thorough review of the enclosed report. The conflict of interest statute, 18 U .S.C. § 208, requires that Senator Sessions recuse himself from participating personally and substantially in any particular matter in which he knows that he has a financial interest directly and predictably affected by the matter, or in which he knows that a person whose interests are imputed to him has a financial interest directly and predictably affected by the matter, unless he first obtains a written waiver, pursuant to Section 208(b)(l), or qualifies for a regulatory exemption, pursuant to Section 208(b)(2). Senator Sessions understands that the interests of the following persons are imputed to him: his spouse; minor children; any general partner of a partnership in which he is a limited or general partner; any organization in which he serves as an officer, director, trustee, general partner or employee; and any person or organization with which he is negotiating or has an arrangement concerning prospective employment. In determining whether a particular matter has a direct and predictable effect on his financial interests or on those of any other person whose interests are imputed to him, Senator Sessions wi II consult with Department of Justice ethics officials. He will divest his interests in the following entities within 90 days of his confirmation: Center Coast MLP Focus C Fund, Vanguard Health Care Fund, OPI Steelpath MLP Select 40 C Mutual Fund, Petrobras International Finance Company Bond, and Petrobras Global Finance Bond. With regard to each of these entities, he will not participate personally and substantially in any particular matter that to his knowledge has a direct and predictable effect on the financial interests of the entity until he has divested it, unless he first obtains a written waiver, pursuant to 18 U.S .C. § 208(b)(J), or qualifies for a regulatory exemption, pursuant to 18 U.S.C. § 208(b)(2). He understands that he may be eligible to request a Ce1tificate of Divestiture for qualifying assets and that a Certificate of Divestiture is effective only if obtained prior to divestiture. Regardless of whether he receives a Certificate of Divestiture, he will ensure that all divestitures discussed in this agreement occur within the agreed upon timeframes and that all proceeds are invested in nonconflicting assets. Upon confimrntion, Senator Sessions will resign from his position on the Board of Overseers of Samford University. For a period of one year after his resignation, he will not participate personally and substantially in any particular matter involving specific parties in which he knows Samford University is a party or represents a party, unless he is first authorized to participate, pursuant to 5 C.F.R. § 2635.502(d). Senator Sessions is the sole owner of timberland in Alabama. He will continue to have a financial interest in this property, but he will not manage it or provide any services to it other than to perfonn required ministerial functions such as signing any required timber deeds. Instead, he will receive only passive investment income from it. He will retain a professional forester to manage the land and negotiate any sales of timber. He will not negotiate individual sales. He will not participate personally and substantially in any pat1icular matter that to his knowledge has a direct and predictable effect on the financial interests in this timberland, unless he first obtains a written waiver, pursuant to 18 U.S.C. § 208(b)(l ). Senator Sessions has been advised that this ethics agreement will be posted publicly, consistent with 5 U.S.C. § 552, on the website of the U.S. Office of Government Ethics with ethics agreements of other Presidential nominees who fi le public financial disclosure reports. Based on the above agreements and counseling, I am satisfied that the report presents no conflicts of interest under applicable laws and regulations and that you can so certify to the Senate Judiciary Committee. Sincerely, Lee J. Lofthus Assistant Attorney General For Administration and Alternate Designated Agency Ethics Official Enclosure NOMINEE STATEMENT I have read the attached Ethics Agreement signed by Lee J. Lofthus, Assistant Attorney General and Designated Agency Ethics Official, on /:J._ I J..3 , 20161 and 1 agree to comply with the conflict of interest statute and regulationl , and to follow the procedures set forth in the agreement. (~~~~ ~ Nominee Report | U.S. Office of Government Ethics; 5 C.F.R. part 2634 | Form Approved: OMB No. (3209-0001) (March 2014) Executive Branch Personnel Public Financial Disclosure Report (OGE Form 278e) Filer's Information Sessions, Jefferson B Attorney General, Department of Justice Other Federal Government Positions Held During the Preceding 12 Months: United States Senator (1/1997 - Present) Names of Congressional Committees Considering Nomination: ? Committee on the Judiciary Electronic Signature - I certify that the statements I have made in this form are true, complete and correct to the best of my knowledge. /s/ Sessions, Jefferson B [electronically signed on 11/21/2016 by Sessions, Jefferson B in Integrity.gov] Agency Ethics Official's Opinion - On the basis of information contained in this report, I conclude that the filer is in compliance with applicable laws and regulations (subject to any comments below). /s/ Lofthus, Lee, Certifying Official [electronically signed on 12/22/2016 by Lofthus, Lee in Integrity.gov] Other review conducted by /s/ Rodgers, Janice, Ethics Official [electronically signed on 12/22/2016 by Rodgers, Janice in Integrity.gov] U.S. Office of Government Ethics Certification /s/ Shaub, Walter M, Certifying Official [electronically signed on 12/23/2016 by Shaub, Walter M in Integrity.gov] 1. Filer's Positions Held Outside United States Government # ORGANIZATION NAME CITY, STATE ORGANIZATION TYPE POSITION HELD FROM TO 1 Samford University Birmingham, Alabama University/Colle ge Member of Board of Overseers 6/2006 Present INCOME TYPE INCOME AMOUNT 2. Filer's Employment Assets & Income and Retirement Accounts None 3. Filer's Employment Agreements and Arrangements None 4. Filer's Sources of Compensation Exceeding $5,000 in a Year None 5. Spouse's Employment Assets & Income and Retirement Accounts None 6. Other Assets and Income # DESCRIPTION EIF VALUE 1 Vanguard Total Stock Market Index Admiral Shares Yes $15,001 $50,000 $201 - $1,000 # DESCRIPTION EIF VALUE INCOME TYPE INCOME AMOUNT 2 Vanguard Prime Money Market Yes $100,001 $250,000 None (or less than $201) 3 U. S. Brokerage Money Market N/A $50,001 $100,000 None (or less than $201) 4 Vanguard Prime Money Market Yes $50,001 $100,000 None (or less than $201) 5 Vanguard PRIMECAP Core Yes $100,001 $250,000 $1,001 - $2,500 6 Vanguard Mid-Cap Value Index Admiral Yes $50,001 $100,000 $1,001 - $2,500 7 Vanguard Total Stock Market Index Admiral Shares Yes $15,001 $50,000 $1,001 - $2,500 8 T. Rowe Price Global Technology Yes $50,001 $100,000 $2,501 - $5,000 9 U. S. Brokerage Money Market N/A $15,001 $50,000 None (or less than $201) 10 Birmingham, AL Bond N/A $15,001 $50,000 Interest $201 - $1,000 11 Sheffield, AL Bond N/A $1,001 - $15,000 Interest $201 - $1,000 12 Daphne, AL Bond N/A $15,001 $50,000 Interest $201 - $1,000 13 Orange Beach, AL Bond N/A $1,001 - $15,000 Interest $201 - $1,000 14 Huntsville, AL Bond N/A $1,001 - $15,000 Interest $201 - $1,000 15 Center Coast MLP Focus C Mut Fund Yes $15,001 $50,000 $1,001 - $2,500 16 Oppenheimer Rochester Limited Term Municipal A Yes $15,001 $50,000 $1,001 - $2,500 17 Vanguard Dividend Growth Inv Yes $50,001 $100,000 $2,501 - $5,000 18 Vanguard Health Care Yes $15,001 $50,000 $2,501 - $5,000 # DESCRIPTION EIF VALUE INCOME TYPE INCOME AMOUNT 19 Vanguard Intermediate-Term Tax-Exempt Yes $15,001 $50,000 $201 - $1,000 20 Vanguard International Growth Yes $15,001 $50,000 None (or less than $201) 21 Vanguard Short-Term Investment Grade Adm Yes $50,001 $100,000 $1,001 - $2,500 22 Vanguard Small-Cap Growth Index Admiral Yes $15,001 $50,000 $201 - $1,000 23 Vanguard Wellington Admiral Yes $50,001 $100,000 $2,501 - $5,000 24 Vanguard Dividend Growth Inv Yes $15,001 $50,000 $201 - $1,000 25 Vanguard Health Care Yes $15,001 $50,000 $2,501 - $5,000 26 Vanguard Mid-Cap Value Index Admiral Yes $50,001 $100,000 $1,001 - $2,500 27 Vanguard Short-Term Investment-Grade Adm Yes $100,001 $250,000 $1,001 - $2,500 28 Vanguard Small-Cap Index Admiral Shares Yes $15,001 $50,000 $201 - $1,000 29 Vanguard Total Stock Market Index Admiral Shares Yes $1,001 - $15,000 $201 - $1,000 30 Vanguard Prime Money Market Yes $1,001 - $15,000 None (or less than $201) 31 Vanguard PRIMECAP Core Yes $100,001 $250,000 $2,501 - $5,000 32 Auburn Univ, AL Bond N/A $15,001 $50,000 Interest $201 - $1,000 33 Jackson County, AL Bond N/A $15,001 $50,000 Interest $201 - $1,000 34 Univ of AL at Birmingham Bond N/A $15,001 $50,000 Interest $201 - $1,000 # DESCRIPTION EIF VALUE INCOME TYPE INCOME AMOUNT 35 Scottsboro, AL Bond N/A $15,001 $50,000 Interest $201 - $1,000 36 Univ of AL Bond N/A $1,001 - $15,000 Interest $201 - $1,000 37 Hoover, AL Bond N/A $15,001 $50,000 Interest $201 - $1,000 38 Madison, AL Bond N/A $15,001 $50,000 Interest $201 - $1,000 39 Vanguard International Growth Adm Yes $100,001 $250,000 $1,001 - $2,500 40 Vanguard International Explorer Yes $50,001 $100,000 $2,501 - $5,000 41 Vanguard Total International Stock Index Admiral Shares Yes $1,001 - $15,000 $201 - $1,000 42 Vanguard Capital Opportunity Adm Yes $50,001 $100,000 $1,001 - $2,500 43 Vanguard Intermediate-Term Bond Index Admiral Shares Yes $50,001 $100,000 $1,001 - $2,500 44 Morgan County, AL Bond N/A $1,001 - $15,000 Interest $201 - $1,000 45 Limestone County, AL Bond N/A $1,001 - $15,000 Interest $201 - $1,000 46 Tuscaloosa, AL Bond N/A $1,001 - $15,000 Interest $201 - $1,000 47 Shelby County, AL Bond N/A $15,001 $50,000 Interest $201 - $1,000 48 Petrobras Intl Fin Co Bond N/A $1,001 - $15,000 Interest $201 - $1,000 49 Petrobras Global Finance Bond N/A $15,001 $50,000 Interest $201 - $1,000 50 OPI Steelpath MLP SEL 40C Mutual Fund Yes $15,001 $50,000 $1,001 - $2,500 51 Monroe Co., AL timber land N/A $15,001 $50,000 None (or less than $201) 52 Wilcox Co., AL farm (leased for cash rent) and timber land N/A $500,001 $1,000,000 Rent or Royalties $5,001 - $15,000 # DESCRIPTION EIF VALUE INCOME TYPE INCOME AMOUNT 53 Choctaw Co., AL timber land N/A $1,000,001 $5,000,000 Rent or Royalties $2,501 - $5,000 54 U. S. Bank Account #1 (cash) N/A $1,001 - $15,000 None (or less than $201) 55 U. S. Bank Account #2 (cash) N/A $1,001 - $15,000 None (or less than $201) 56 Monroe Co. AL residential property No $15,001 $50,000 None (or less than $201) 7. Transactions (N/A) - Not required for this type of report 8. Liabilities # CREDITOR NAME TYPE AMOUNT YEAR INCURRED RATE TERM 1 GMFS Mortgage on Personal Residence $250,001 $500,000 2012 3.25% 25 years 2 Capital One Mortgage on Personal Residence $100,001 $250,000 2015 3.25% 30 years 9. Gifts and Travel Reimbursements (N/A) - Not required for this type of report Endnotes Summary of Contents 1. Filer's Positions Held Outside United States Government Part 1 discloses positions that the filer held at any time during the reporting period (excluding positions with the United States Government). Positions are reportable even if the filer did not receive compensation. This section does not include the following: (1) positions with religious, social, fraternal, or political organizations; (2) positions solely of an honorary nature; (3) positions held as part of the filer's official duties with the United States Government; (4) mere membership in an organization; and (5) passive investment interests as a limited partner or non-managing member of a limited liability company. 2. Filer's Employment Assets & Income and Retirement Accounts Part 2 discloses the following: ? ? Sources of earned and other non-investment income of the filer totaling more than $200 during the reporting period (e.g., salary, fees, partnership share, honoraria, scholarships, and prizes) Assets related to the filer's business, employment, or other income-generating activities that (1) ended the reporting period with a value greater than $1,000 or (2) produced more than $200 in income during the reporting period (e.g., equity in business or partnership, stock options, retirement plans/accounts and their underlying holdings as appropriate, deferred compensation, and intellectual property, such as book deals and patents) This section does not include assets or income from United States Government employment or assets that were acquired separately from the filer's business, employment, or other income-generating activities (e.g., assets purchased through a brokerage account). Note: The type of income is not required if the amount of income is $0 - $200 or if the asset qualifies as an excepted investment fund (EIF). 3. Filer's Employment Agreements and Arrangements Part 3 discloses agreements or arrangements that the filer had during the reporting period with an employer or former employer (except the United States Government), such as the following: ? ? ? ? ? Future employment Leave of absence Continuing payments from an employer, including severance and payments not yet received for previous work (excluding ordinary salary from a current employer) Continuing participation in an employee welfare, retirement, or other benefit plan, such as pensions or a deferred compensation plan Retention or disposition of employer-awarded equity, sharing in profits or carried interests (e.g., vested and unvested stock options, restricted stock, future share of a company's profits, etc.) 4. Filer's Sources of Compensation Exceeding $5,000 in a Year Part 4 discloses sources (except the United States Government) that paid more than $5,000 in a calendar year for the filer's services during any year of the reporting period. The filer discloses payments both from employers and from any clients to whom the filer personally provided services. The filer discloses a source even if the source made its payment to the filer's employer and not to the filer. The filer does not disclose a client's payment to the filer's employer if the filer did not provide the services for which the client is paying. 5. Spouse's Employment Assets & Income and Retirement Accounts Part 5 discloses the following: ? ? ? Sources of earned income (excluding honoraria) for the filer's spouse totaling more than $1,000 during the reporting period (e.g., salary, consulting fees, and partnership share) Sources of honoraria for the filer's spouse greater than $200 during the reporting period Assets related to the filer's spouse's employment, business activities, other income-generating activities that (1) ended the reporting period with a value greater than $1,000 or (2) produced more than $200 in income during the reporting period (e.g., equity in business or partnership, stock options, retirement plans/accounts and their underlying holdings as appropriate, deferred compensation, and intellectual property, such as book deals and patents) This section does not include assets or income from United States Government employment or assets that were acquired separately from the filer's spouse's business, employment, or other income-generating activities (e.g., assets purchased through a brokerage account). Note: The type of income is not required if the amount of income is $0 - $200 or if the asset qualifies as an excepted investment fund (EIF). Amounts of income are not required for a spouse's earned income (excluding honoraria). 6. Other Assets and Income Part 6 discloses each asset, not already reported, that (1) ended the reporting period with a value greater than $1,000 or (2) produced more than $200 in investment income during the reporting period. For purposes of the value and income thresholds, the filer aggregates the filer's interests with those of the filer's spouse and dependent children. This section does not include the following types of assets: (1) a personal residence (unless it was rented out during the reporting period); (2) income or retirement benefits associated with United States Government employment (e.g., Thrift Savings Plan); and (3) cash accounts (e.g., checking, savings, money market accounts) at a single financial institution with a value of $5,000 or less (unless more than $200 of income was produced). Additional exceptions apply. Note: The type of income is not required if the amount of income is $0 - $200 or if the asset qualifies as an excepted investment fund (EIF). 7. Transactions Part 7 discloses purchases, sales, or exchanges of real property or securities in excess of $1,000 made on behalf of the filer, the filer's spouse or dependent child during reporting period. This section does not include transactions that concern the following: (1) a personal residence, unless rented out; (2) cash accounts (e.g., checking, savings, CDs, money market accounts) and money market mutual funds; (3) Treasury bills, bonds, and notes; and (4) holdings within a federal Thrift Savings Plan account. Additional exceptions apply. 8. Liabilities Part 8 discloses liabilities over $10,000 that the filer, the filer's spouse or dependent child owed at any time during the reporting period. This section does not include the following types of liabilities: (1) mortgages on a personal residence, unless rented out (limitations apply for PAS filers); (2) loans secured by a personal motor vehicle, household furniture, or appliances, unless the loan exceeds the item's purchase price; and (3) revolving charge accounts, such as credit card balances, if the outstanding liability did not exceed $10,000 at the end of the reporting period. Additional exceptions apply. 9. Gifts and Travel Reimbursements This section discloses: ? ? Gifts totaling more than $375 that the filer, the filer's spouse, and dependent children received from any one source during the reporting period. Travel reimbursements totaling more than $375 that the filer, the filer's spouse, and dependent children received from any one source during the reporting period. For purposes of this section, the filer need not aggregate any gift or travel reimbursement with a value of $150 or less. Regardless of the value, this section does not include the following items: (1) anything received from relatives; (2) anything received from the United States Government or from the District of Columbia, state, or local governments; (3) bequests and other forms of inheritance; (4) gifts and travel reimbursements given to the filer's agency in connection with the filer's official travel; (5) gifts of hospitality (food, lodging, entertainment) at the donor's residence or personal premises; and (6) anything received by the filer's spouse or dependent children totally independent of their relationship to the filer. Additional exceptions apply. Privacy Act Statement Title I of the Ethics in Government Act of 1978, as amended (the Act), 5 U.S.C. app. ? 101 et seq., as amended by the Stop Trading on Congressional Knowledge Act of 2012 (Pub. L. 112-105) (STOCK Act), and 5 C.F.R. Part 2634 of the U. S. Office of Government Ethics regulations require the reporting of this information. The primary use of the information on this report is for review by Government officials to determine compliance with applicable Federal laws and regulations. This report may also be disclosed upon request to any requesting person in accordance with sections 105 and 402(b)(1) of the Act or as otherwise authorized by law. You may inspect applications for public access of your own form upon request. Additional disclosures of the information on this report may be made: (1) to any requesting person, subject to the limitation contained in section 208(d)(1) of title 18, any determination granting an exemption pursuant to sections 208(b)(1) and 208(b)(3) of title 18; (2) to a Federal, State, or local law enforcement agency if the disclosing agency becomes aware of violations or potential violations of law or regulation; (3) to another Federal agency, court or party in a court or Federal administrative proceeding when the Government is a party or in order to comply with a judge-issued subpoena; (4) to a source when necessary to obtain information relevant to a conflict of interest investigation or determination; (5) to the National Archives and Records Administration or the General Services Administration in records management inspections; (6) to the Office of Management and Budget during legislative coordination on private relief legislation; (7) to the Department of Justice or in certain legal proceedings when the disclosing agency, an employee of the disclosing agency, or the United States is a party to litigation or has an interest in the litigation and the use of such records is deemed relevant and necessary to the litigation; (8) to reviewing officials in a new office, department or agency when an employee transfers or is detailed from one covered position to another; (9) to a Member of Congress or a congressional office in response to an inquiry made on behalf of an individual who is the subject of the record; (10) to contractors and other non-Government employees working on a contract, service or assignment for the Federal Government when necessary to accomplish a function related to an OGE Government-wide system of records; and (11) on the OGE Website and to any person, department or agency, any written ethics agreement filed with OGE by an individual nominated by the President to a position requiring Senate confirmation. See also the OGE/GOVT-1 executive branch-wide Privacy Act system of records. Public Burden Information This collection of information is estimated to take an average of three hours per response, including time for reviewing the instructions, gathering the data needed, and completing the form. Send comments regarding the burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to the Program Counsel, U.S. Office of Government Ethics (OGE), Suite 500, 1201 New York Avenue, NW., Washington, DC 20005-3917. Pursuant to the Paperwork Reduction Act, as amended, an agency may not conduct or sponsor, and no person is required to respond to, a collection of information unless it displays a currently valid OMB control number (that number, 3209-0001, is displayed here and at the top of the first page of this OGE Form 278e).