O'Halleran: Members of Congress Should Serve Their Districts, Not Self-Interests
VILLAGE OF OAK CREEK - Today, Congressman Tom O'Halleran (AZ-01) called for a rules change in the House of Representatives to prohibit Members of Congress from serving on the board of any publicly held or publicly regulated corporation, financial institution, or business entity.
"No one who serves in our government, especially those who are elected to the House of Representatives and Senate, should use their position to line their pockets, but sadly, recent indictments show that this is happening right behind the backs of the American people. As a member of the bipartisan Problem Solvers Caucus, I joined my colleagues on both sides of the aisle to co-sponsor a bill that holds our elected leaders accountable and prohibits them from serving on boards of public companies," said Rep. O'Halleran. "This rule is already in force in the U.S. Senate, and there is no reason that members of the House of Representatives should play by a different set of rules. The American people want to see their government work for them, not their own self-interests."
H.Res.1043 creates a stronger version of Senate Rule 37.6(a), which states no Senator “shall serve as an officer or member of the board of any publicly-held or publicly regulated corporation, financial institution, or business entity.” Currently, the Senate rule prohibits members from serving on corporate boards but includes certain exceptions for members who were serving on a board for at least two years prior to their election.
The proposed House resolution would eliminate this exception and require newly-elected members who serve on corporate boards to resign from their position.
Earlier this year, the Problem Solvers Caucus proposed another rules change to break the gridlock in Congress. This package allows legislation from every Member of Congress, both those in the minority and in the majority, to be considered. It also includes a proposal to fast-track bipartisan legislation and allow it to be debated and discussed. Additionally, the package would replace the current “Motion to Vacate the Chair" to encourage consensus driven governing and reduce hyper-partisanship. The full list of goals and proposals in "Break the Gridlock" can be found here.