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Allen Is Fristed Over Stock Options

I'm waiting to hear his excuse for this one. For the past five years, Sen. George Allen (news, bio, voting record), has failed to tell Congress a

I'm waiting to hear his excuse for this one.

For the past five years, Sen. George Allen (news, bio, voting record), has failed to tell Congress about stock options he got for his work as a director of a high-tech company. The Virginia Republican also asked the Army to help another business that gave him similar options.

Congressional rules require senators to disclose to the Senate all deferred compensation, such as stock options. The rules also urge senators to avoid taking any official action that could benefit them financially or appear to do so.

Those requirements exist so the public can police lawmakers for possible conflicts of interest, especially involving companies with government business that lawmakers can influence.


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