Cox Legislation Would Bar Ties Between Investors, Contributors and Candidates for State Treasury Head
10/19/2009
Rep. Jim Cox (R-Berks) announced that legislation he introduced aimed at amending Pennsylvania’s Fiscal Code by limiting investment relationships and campaign contributions within Pennsylvania’s Treasury Department was recently voted out of the State Government committee. House Bill 276 would prohibit Pennsylvania’s Treasury Department, which is responsible for collecting a myriad of funds for the Commonwealth, from conducting a business relationship with anyone who has solicited contributions on behalf of or made contributions to a candidate, committee, or election fund of the State Treasurer or any candidate for state treasurer. “Currently candidates for state treasurer are permitted to receive contributions from those who have direct business relationships with the Treasury Department,” Cox said. “The Treasury Department deals with significant investments of taxpayer funds, and the proper protections must be put in place. This legislation will help ensure a higher degree of integrity in the investment relationships between the Treasury Department and those elected to, or wishing to, govern that organization.” The legislation would also prohibit anyone who has agreed to or entered into an investment relationship with the Treasury Department to solicit or make contributions to a candidate, committee, or election fund of the state treasurer, or any candidate for state treasurer. “We must do all that we can to protect Pennsylvania’s tax dollars from being used in a potentially conflicting manner,” Cox added. Violators of this legislation, except for those who would voluntarily report an inadvertent violation within a set period of time, would be subject to an investigation by the State Ethics Commission and, if found in violation, would be prohibited from engaging in any type of investment relationship with the Treasury Department for two years.” House Bill 276 now heads to the House for consideration. More information is available at Cox’s Web site, RepJimCox.com. Rep. Jim Cox 129th District Pennsylvania House of Representatives (610) 670-0139 (717) 772-2435 Contact: Joe Pistorio jpistori@pahousegop.com (717) 787-2932 Member Site: RepJimCox.com Caucus Site: PAHouseGOP.com