Limited Income Disclosure

H.3186 would require lawmakers to disclose their private income sources and require more disclosure on their Statement of Economic Interests (SEI). Unfortunately, the bill fails to require the reporting of all income and all matters from which an elected official can obtain an economic interest — specifically matters dealing with economic development. Further, the bill does not revise the phrase “business with which he is associated” to cover businesses in which the legislator has less than a $100,000 or 5 percent interest – an obvious reporting loophole.

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