Politicians are encouraged or required to place their assets in a blind trust while they are in
Question:
Politicians are encouraged or required to place their assets in a blind trust while they are in office. Such trusts are designed to eliminate the possibility or appearance of a conflict of interest when the office holder votes on proposed legislation and to reduce the chances that the legislator will benefit financially from insider trading (i.e., by using knowledge gained in the deliberative process).
Summarize the rules that apply to members of the U.S. House of Representatives concerning the use of blind trusts. Give full, current citations to the applicable rules. Find and discuss an example of at least one House member whose activities recently brought up ethics issues in the management of his or her investment assets.
Step by Step Answer:
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young