Restrictions on campaign investments pass Missouri House
JEFFERSON CITY (AP) — A bill nearing a final vote in the Missouri Legislature would restrict how political campaign committees invest their funds and limit what happens to the money after an official becomes a lobbyist.
The House voted 141-2 Tuesday to only allow campaigns to invest in short-term treasury or bank certificates. It would also require candidates registering as lobbyists to dissolve their campaign committees and return the money to their donors or give it to a nonprofit or political party.
The legislation needs another vote in the Senate before going to Gov. Jay Nixon, who has already signed a measure banning lawmakers from hiring each other as paid consultants.
Lawmakers have said ethics bills are a priority after two lawmakers resigned last year following accusations of inappropriate behavior toward interns.