Loopholes in state disclosure laws

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Listen: Loopholes in state disclosure laws
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A report released today by a Washington research group says that most states have inadequate laws to prevent financial conflicts of interest among local lawmakers. On the national level, members of congress essentially have to give up their outside jobs when they get elected. Federal law requires them to file annual disclosure reports showing their outside income, their investments and any gifts they receive. But on the state level, most legislatures are part-time, and-according to today's report-state conflict-of-interest laws are often easy to dodge.

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