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Senate Democrats Press Candidate ‘Tax Havens’ Disclosure

The U.S. Senate’s second-ranking Democrat said he will seek a vote on a proposal to require federal candidates to disclose financial interests in what he called overseas tax havens.

Illinois Senator Richard Durbin, the chamber’s second-ranking Democrat, told reporters today he will use the first opportunity to offer his proposal as an amendment to legislation on the Senate floor. Democrats have accused Republican presidential candidate Mitt Romney of hiding money in offshore accounts, and Durbin said Romney’s candidacy showed the need for action on his proposal.