Florida Lawmakers Want to Revoke the Law that Let Rick Scott Hide His Wealth

From the News Service of Florida, 3/11/2019:

After lengthy controversy — and litigation — about former Gov. Rick Scott’s use of a blind trust, a Senate committee is scheduled on Tuesday to take up a proposal that would block public officials from placing their assets in blind trusts in the future.

The Senate Ethics and Elections Committee is scheduled to consider a bill (SB 702), filed by Sen. Tom Lee, R-Thonotosassa, that would repeal part of state law that has allowed such use of blind trusts.

Scott, the wealthiest governor in state history, put his assets in a blind trust, contending that it would prevent potential conflicts of interest. But in doing so, he also did not have to detail his specific investments and business interests for much of his time as governor — a requirement that other officials face when they file annual financial-disclosure forms.

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