Cheney has falsely claimed that he severed all ties with the company in 2000. "I have no financial interest in Halliburton of any kind and haven't had, now, for three years," he said, on the Sept. 14 edition of NBC's "Meet the Press." Sen. Frank Lautenberg (D-N.J.) showed Cheney's claim to be a lie, with a Congressional Research Service report demonstrating that the stock options and the deferred salary that he is receiving from Halliburton, in fact, constitute a substantial financial interest. The CRS report, released by Launtenberg on Sept. 25, states that a deferred salary "is a not a retirement benefit or a payment from a third party escrow account, but rather an ongoing corporate obligation paid from company funds. If a company were to go under, the beneficiary could lose the deferred salary." Cheney also holds 433,333 unexercised Halliburton stock options, on which he has signed an agreement to donate any profits to charity. The report says, "Should Halliburton's stock price increase over the next few years, the Vice President could exercise his stock options for a substantial profit, benefitting not only his designated charities, but also providing Halliburton with a substantial tax deduction.