shareUpdate: Conflict-of-Interest Disclosures
Date: 02/18/2010
VPAP has posted the annual conflict of interest disclosures filed last month by all 139 members of the General Assembly:
Financial Interests Search Page
The search page provides a variety of options:
- Search for Legislator's Disclosure
- Stockholdings by Industry
- Stockholdings by Company
- Legislators who are a paid officer/director of a company here
- Legislators paid to represent clients before state agencies here
Some findings of the data show:
- Number of legislators who disclosed portfolios of stocks/bonds/securities worth at least $1 million: 13
- Number of legislators who reported no stocks/bonds worth more than $10,000: 33
- Most commonly held stock: BB&T (9 legislators)
- Most widely listed stock that is new in portfolio in 2009: Apple Inc., Ford Motor Co., SunTrust (4 legislators)
- Number of legislators who have no debts more than $10,000 (other than mortgage on primary residence): 55
Virginia's system of representative government is dependent in part upon the ability of part-time citizen legislative members to participate fully in the legislative process. To ensure citizens maintain the highest trust in their elected representatives, candidates for the General Assembly are required to disclose certain personal financial information (such as employment, investments and business partnerships). The information in these forms provide transparency in situations where a legislator's votes may impact his or her personal finances.