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Keyword: oilinvestments

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  • With no law in place on conflicts of interest, investments don't stop lawmakers from voting

    07/06/2008 5:34:43 PM PDT · by STARWISE · 14 replies · 182+ views
    Dallas News ^ | 5-16-08
    The law is full of exceptions, and when it comes to conflicts of interest involving personal investments, Congress found a big one: It didn't write a law. While Congress prescribed a strict conflict-of-interest law for the judiciary, which prompted Supreme Court Justice Samuel Alito to remove himself from a punitive-damages case involving Exxon Mobil, it didn't apply the same test to lawmakers. That has allowed Sen. Kay Bailey Hutchison to oppose bills that would hurt Irving-based Exxon, in which Ms. Hutchison owns stock valued between $100,000 and $250,000, according to disclosure reports. *snip* Some experts say different rules apply to...