Congressional Update - Written by Beasley Allen on Wednesday, February 21, 2007 14:48 - 0 Comments
U.S. Senate Finally Cracks Down on Financial Fraud
What a difference the vote of November 7th has made on how some politicians in Washington now view wrongdoing. The U.S. Senate has now decided that lawmakers and other senior public servants should face stronger penalties, including jail time, for knowingly falsifying financial disclosure forms. That type legislation wouldn’t have had a “prayer” to become law had not the voters voted overwhelmingly against corruption last year. The message appears to be understood. The Senators voted 93-2 on an amendment to increase from the current $10,000 to $50,000 the maximum civil penalty that can be imposed for willful misrepresentations on the forms, which broadly detail a public official’s sources of income, assets and debts. The amendment, offered by Senator David Vitter (R-LA) to a lobbying and ethics reform bill the Senate is now considering, would also allow the U.S. attorney general to file criminal charges, with penalties of up to one year in prison, against those who fail to comply with the financial disclosure law.
Among those required by law to file financial disclosure forms are the president and vice-president, members of Congress, high-level executive branch officials, employees of the executive office of the president appointed by the president, and certain officers of Congress and the judicial branch. Concerning his amendment, Senator Vitter observed:
If average American citizens falsify tax documents, they are in a heap of trouble with the IRS and the federal government. Public officials shouldn’t be treated any differently when they falsify their financial information.
Last year former Rep. Bob Ney (R-OH) who pleaded guilty in the Jack Abramoff influence-peddling investigation and faces prison time, acknowledged making false statements on his financial disclosure forms by concealing that Abramoff and a foreign businessman who were the true source of gifts. Much earlier, in 1984, former Rep. George V. Hansen (R-ID), was censured by the House for failing to include transactions on federal disclosure forms. He was later convicted of failing to file full disclosure forms and spent 15 months in prison. The conviction was overturned in 1995.
It’s become more common for lawmakers to amend their disclosure forms after acknowledging that they unwittingly made errors or omitted information. Both Senate Majority Leader Harry Reid (D-NV), and his predecessor, former Senator Bill Frist (R-TN), have amended forms after questions arose over them. The Senate was expected to vote on the ethics and lobbying bill during the week of the 15th of January. The House will likely take up similar legislation this month. Unless both the House and Senate take the necessary action to really clean up the mess in our nation’s capital, there will be more incumbents who failed to participate who will be defeated in 2008.
Source: Associated Press
- West Virginia Court Upholds Punitive Damages Award Against DuPont
- An Update On The U-Haul Litigation
- Unconscionable Mandatory Arbitration Clauses Challenged
- Plant That Made Tylenol And Other Pediatric Medicine Lacked Quality Control
- Utah Sues Drug Makers For Off-Label Marketing
- Drug Maker Fails To Cooperate
- Predatory-Lending Lawsuits Are Still On The Rise
- Wal-Mart To Limit Toxic Cadmium In Products For Children
- Bible verses for the month
- Parting Words
- Bankruptcies by General Motors & Chrysler
- The crisis in the Gulf makes clear the importance of our Judicial System
- Others share the blame with BP
- Closing Observations
- Bible verses for the month
- First female lawyer to head the Alabama State Bar
- Tom Methvin ends his term as State Bar President
- Gibson Vance assumes the role as President of AAJ
- Laurie Little
- Maureen Manno
- Ms. Bissett,
Below is the contact info for the Spelter class claims administr...
- thank you for any information that you can email me at lucklylady5654@yahoo.com...
- i did live in hughes wv. and included in the spelter lawsuit. i would like to kn...
- Wells Fargo approved my loan modifaction loan for 18 months. Not any of the fun...
- i'm so blessed cause God is a live in my life i've already exprience him.
He k...
- Thnx for the different message because this means a lot in my life. Since i've s...
- I would like to join in on the case and I also have another one. I was a store...
- I am interested in your Bible verses. Making a recent study of Martin Luther has...
- Beasley Allen
- Extreme Montgomery
- Legal Strategies
- Jere Beasley Report
- Yamaha Rhino Lawyer
- Leaking Storage Tank
- Oil Spill
- Coal Ash Spill
- Personal Injury Lawyer
- Mesothelioma Lawyer
- Nursing Home Abuse
- Tractor Trailer Accident
- Mesothelioma Blog
- Alabama Injury Lawyer
- Toyota Unintended Acceleration
- Fair Labor Standards Act
- Morgan Keegan Fraud
- Denied Disability
- Digitek Recall
- Gardasil
- HRT and Breast Cancer
- Avandia and Heart Attacks
- Paxil and Pregnancy
- Medtronic Heart Lead Recall
- Trasylol Recall
- Steven Johnson Syndrome
- Pain Pumps
- Gadolinium and NSF
- Fleet Attorney
- Antibiotics
- Lantus Attorney
- Heparin Recall
- Reglan Lawyer
- Yaz Side Effects
- Kugel Hernia Patch Recall
- Chantix Recall
- Ortho Evra and Blood Clots
- Fosamax and ONJ
- Vytorin Cancer
Personal Injury, Recent Settlements - Jul 19, 2010 14:03 - 0 Comments
Wrongful Death Settlement In Civil Damages Act
More In Recent Settlements
- Heavy Truck Case Is Settled
- Settlement of an industrial machinery accident
- Three Explorer Rollover Settlements
- Jury awards $2.75 million in Explorer Rollover case
- Wal-Mart parking lot case is settled
Product Liability - Jul 31, 2010 15:21 - 0 Comments
Reclining Seats Are A Hidden Danger
More In Product Liability
- Cooper Tire Involved In Tragic Highway Crash
- More On The Dangers Of 15-Passenger Vans
- The Overlooked Problem Of Clothing-Related Burn Injuries And Deaths
- A Look At What The Carmakers Have Known
- Jury Returns Verdict In Yamaha Case
Recalls Update - Aug 19, 2010 12:24 - 0 Comments
Prescription Cat Food Recalled
More In Recalls Update
- Roman and Roller Shades by Smith + Noble Recalled
- Perdue Farms recalls chicken nuggets
- Bagged baby spinach salads recalled
- Jewelry from popular tween stores recalled over cadmium
- Wire Feed Welders recalled by Star Asia USA due to burn hazard
Leave a Reply