Congress Fails When It Comes to Disclosure

• By Ellen S. Miller
• Special to Roll Call
• July 7, 2008, Midnight

Every year on June 15 (unless given an extension), lawmakers release disclosure reports revealing their personal finances for the public to inspect. This year, in the wake of revelations that two Senators received preferential loan treatment from lender Countrywide Financial, the release of these reports highlights the failures inherent in the personal financial disclosures requirements.