Full Disclosure On The Hill

Politicians have been busy reforming America, but they might do well to reform themselves, as the rank and file at Ross Perot's recent conclave observed. And here's one place they can start, albeit modestly: All lawmakers should be required to make detailed disclosure of their financial holdings and transactions, specifying dollar amounts. Further, those lawmakers with oversight over certain industries by virtue of committee seats should not have any financial interests in those industries. That means someone serving on the Senate Energy & Natural Resources Committee, for instance, shouldn't own stock in energy companies or own property being developed for drilling.

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