PRINTER'S NO.  3466

  

THE GENERAL ASSEMBLY OF PENNSYLVANIA

  

HOUSE BILL

 

No.

2374

Session of

2010

  

  

INTRODUCED BY BRADFORD, GIBBONS, BROWN, BURNS, CLYMER, CUTLER, DeLUCA, GEIST, HORNAMAN, MARKOSEK, MURT, M. O'BRIEN, SWANGER, J. TAYLOR AND YUDICHAK, MARCH 25, 2010

  

  

REFERRED TO COMMITTEE ON STATE GOVERNMENT, MARCH 25, 2010  

  

  

  

AN ACT

  

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Amending Title 65 (Public Officers) of the Pennsylvania

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Consolidated Statutes, in ethics standards and financial

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disclosure, further providing for definitions and for

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restricted activities.

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The General Assembly of the Commonwealth of Pennsylvania

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hereby enacts as follows:

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Section 1.  Section 1102 of Title 65 of the Pennsylvania

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Consolidated Statutes is amended by adding a definition to read:

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§ 1102.  Definitions.

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The following words and phrases when used in this chapter

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shall have, unless the context clearly indicates otherwise, the

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meanings given to them in this section:

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* * *

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"Equity holder."  An individual who is:

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(1)  engaged in a business enterprise; and

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(2)  entitled to share in:

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(i)  the policy decisions of that business

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enterprise;

 


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(ii)  the profits of that business enterprise; or

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(iii)  the assets of that enterprise upon

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dissolution.

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The term does not include an individual whose investment in the

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business enterprise does not constitute a financial interest.

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* * *

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Section 2.  Section 1103(a) of Title 65 is amended to read:

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§ 1103.  Restricted activities.

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(a)  Conflict of interest.--

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(1)  No public official or public employee shall engage

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in conduct that constitutes a conflict of interest.

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(2)  The following governs a specific conflict of

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interest involving lobbyists:

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(i)  This paragraph applies to a public official who

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is:

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(A)  a member of the executive branch;

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(B)  a member of the Senate or the House of

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Representatives; or

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(C)  a member of the judicial branch of the

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Commonwealth.

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(ii)  A public official subject to subparagraph (i)

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may not, during the public official's term of office, be

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an equity holder in a business enterprise that:

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(A)  is required to register as a lobbyist under

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Chapter 13A (relating to lobbying disclosure); or

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(B)  retains the services of a person required to

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register as a lobbyist under Chapter 13A.

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* * *

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Section 3.  This act shall take effect in 60 days.

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