Jerry Nadler: “He did fail to report some income because he mistakenly believed that the income which was plowed back into the…”

“He did fail to report some income because he mistakenly believed that the income which was plowed back into the mortgages from which he never saw a check was not reportable. This was wrong. But it was one ongoing error, not cumulative and not a continuing error. I ask my colleagues to consider all of this. A reprimand is a serious punishment that reflects our precedents and standards. That will reflect credibly on the House. A censure, a punishment never previously imposed for this level of violation of House rules with no adequate explanation for the sudden change in standards offends one's sense of fair play and therefore does not reflect credibly on the House.”