CoinGate: More Action Taken by Republicans

From State of the Union (Ohio GOP Blog):

* A tax exemption on the sale of investment coins and bullion would be repealed.

* The bureau is prohibited from investing in coins, art, horses, jewelry, gems, stamps, antiques, artifacts, collectibles, memorabilia, or similar unregulated investments.

* The bureau may not award a nonbid contract worth more than $500 to anyone who has given more than $1,000 to candidates for governor and lieutenant governor in the prior two years or to any firm in which an owner of 20 percent or more interest, or that person's spouse, has given a similar amount.

* A criminal background check must be conducted on employees of investment managers or other entities involved in the investment of bureau funds. Checks on the managers themselves are already required.

* The bureau is prohibited from hiring or contracting with someone who's been convicted of a financial or investment crime.

* The Workers' Compensation Oversight Commission would be expanded from nine to 12 members and two members would have to have investment expertise.

* The terms of oversight commission members would be shortened from five years to three.

* The attorney general could bring civil action against a member of the Workers' Compensation Oversight Council for any harm caused by a breach of fiduciary duty.

House Speaker Jon Husted and Senate President Bill Harris are taking this thing seriously. Have you heard either name in the news lately? I didn't think so...

Mark's Remarks

If those "moderates" Montgomery, Taft, and Petro and those in the GenAss had listened to Blackwell, none of this would be going on. But it is Ken Blackwell, according to the mods, who is the real troublemaker--even though it was MONTGOMERY'S AND PETRO'S JOB to oversee this stuff.....go figure....