Bill > SF1259

This bill amends Minnesota's statement of economic interest disclosure requirements to provide more detailed information about stock ownership for public officials. Specifically, the bill requires individuals filing an economic interest statement to now list the full name of each stock with a value over $10,000 owned by the individual or their spouse, and also include the date of purchase or sale if the stock was bought or sold during the reporting period. This is a modification to the existing law that previously required disclosure of other securities valued over $10,000 but did not mandate the same level of detail for stock holdings. The bill maintains the existing requirement to protect privacy by instructing that these listings should not identify whether the individual or spouse personally owns the listed items. The economic interest statement is a transparency measure that helps reveal potential financial conflicts of interest for public officials by requiring them to disclose significant financial holdings and business relationships. The amendment aims to provide more comprehensive information about stock investments while keeping the overall structure of the economic interest disclosure process unchanged.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1259&ssn=0&y=2025