Thursday, June 25, 2009

Virginia Gets an “F” from The Center for Public Integrity

Since the project began in 1999, States of Disclosure has provided a unique 50-state comparison of disclosure laws, highlighting those states that have made significant strides. Louisiana’s changes have made the Bayou State the most-improved in the project’s history, followed by Georgia, which jumped from 26th to 6th place in 2006. A few states, however, have moved in the opposite direction.

Virginia, for example, placed 8th in 1999, but has fallen to 31st place, mostly because other states made improvements while Virginia’s ethics laws remained essentially unchanged. Virginia state legislators must fill out a statement of economic interest annually and must disclose outside employment or investment information. But the state lacks the necessary oversight to ensure that the forms are filled out correctly. While other states have made efforts to ensure accuracy, often with the creation of an independent commission, Virginia’s legislators are mostly left to police themselves. Click here for entire article from The Center for Public Integrity.

Michigan, and Vermont continue to tie for last place, as no personal financial disclosure laws exist, or have ever existed, in those states.

Posted By Valerie Garner

Categories: Finance, State Politics

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