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Pennsylvania House Rule Would Ban Gaming Investments

HARRISBURG, Pennsylvania – As reported by the Pittsburgh Post-Gazette: "State House Speaker John Perzel wants to correct a public perception -- one he says is inaccurate -- that state legislators will be able to get rich by investing in newly legalized casinos and slot machines.

"When House members return next week, Perzel said, he'll advocate a change to House rules to prohibit members, their spouses and their minor children from owning any financial stake in a casino, a casino's parent firm or companies that make or distribute slot machines.

"The rules change can be enacted by a simple majority vote of the 203 legislators in the House, which Perzel said is a much faster way to ban legislators' investments in casinos than seeking to amend the recently enacted slots law. Such amendments could take anywhere from a few months to a few years to accomplish, he said.

"…A change to House rules wouldn't prevent members of the Senate from owning casino stock, but Perzel said it's likely that the Senate would enact its own rules change. Rendell already issued an executive order banning members of his administration from owning casino or slot machine stock…"

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