Legislators check portfolios before taking office

By Associated Press
Posted Dec 27, 2010 @ 02:30 PM
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FARGO, N.D. (AP) — North Dakota's new senator and U.S. representative might have to give up some outside income when they head to Washington next month.
Republicans John Hoeven and Rick Berg are both millionaires through their interests in real estate and banking — two industries that are directly affected by how members of Congress vote. Both men say they want to avoid the appearance of conflicts of interest.
Hoeven, who will replace Byron Dorgan in the Senate, says he will likely give up his seat on the boards of banks and businesses.
Berg, who beat Democrat Earl Pomeroy for North Dakota's House seat, says he'll keep his ownership of his real estate company and other businesses but would try to "streamline" his business portfolio.

FARGO, N.D. (AP) — North Dakota's new senator and U.S. representative might have to give up some outside income when they head to Washington next month.
Republicans John Hoeven and Rick Berg are both millionaires through their interests in real estate and banking — two industries that are directly affected by how members of Congress vote. Both men say they want to avoid the appearance of conflicts of interest.
Hoeven, who will replace Byron Dorgan in the Senate, says he will likely give up his seat on the boards of banks and businesses.
Berg, who beat Democrat Earl Pomeroy for North Dakota's House seat, says he'll keep his ownership of his real estate company and other businesses but would try to "streamline" his business portfolio.

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