Restrictions on campaign investments pass Missouri House

2 years 3 months 6 hours ago Tuesday, April 19 2016 Apr 19, 2016 Tuesday, April 19, 2016 9:23:54 PM CDT April 19, 2016 in News
By: The Associated Press

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.

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