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MO HB1121
Bill
Status
1/4/2012
Primary Sponsor
Jason Kander
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AI Summary
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Expands the definition of persons required to file financial interest statements to include individuals with access to confidential nonpublic business information by virtue of their office or employment.
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Requires all filers to attest that they did not engage in financial transactions using confidential business information for personal gain and did not knowingly provide confidential information for nongovernmental purposes.
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Lowers the income reporting threshold from $1,000 to $200 for other income sources and reduces property value thresholds from $10,000 to $1,000 for real property reporting.
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Removes percentage thresholds for ownership reporting in closely held corporations (previously 10%) and publicly traded corporations (previously 2%), requiring disclosure of any ownership amount.
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Adds new reporting requirements for state government agencies and quasi-governmental bodies to notify the Missouri Ethics Commission within ten business days of hiring new officials or employees who must file statements, and to submit lists of all required filers by January 1st annually.
Legislative Description
Changes the laws regarding the filing of a financial interest statement with the Missouri Ethics Commission
Last Action
Referred: Financial Institutions (H)
5/18/2012