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OGE also holds the power to prescribe specific, concrete actions that nominees must take to resolve any potential conflicts before taking office. The nominee might agree to sell assets that pose clear conflicts, or pledge to recuse himself from certain matters. ExxonMobil ( XOM ) CEO Rex Tillerson , who Trump has picked as his secretary of state, plans to sell the more than 600,000 Exxon shares and shield millions more he is due to receive in an independently managed trust. Ultimately, the nominee and OGE formalize their plan to minimize conflicts into an ethics agreement. For instance, Penny Pritzker , a billionaire heir to the Hyatt Hotels fortune who now serves as President Obama's commerce secretary, kept her Hyatt stock but promised in an 18-page ethics agreement to resign from the company and stay away from any matters that could conflict with her government job. After potential conflicts are addressed, OGE sends the Senate a package with the nominee's ethics agreement, the financial disclosure report and a cover letter certifying the report. As a general matter, the ethics agreement and disclosure report are released to the public on OGE's website roughly a day after they are submitted to the relevant Senate committee. So far, OGE has released the ethics agreements and financial disclosure reports for Trump's picks for attorney general, Sen. Jeff Sessions, and CIA director, Rep. Mike Pompeo. "We want to the get information to the public as quickly as we can.
For the original version including any supplementary images or video, visit http://money.cnn.com/2017/01/04/news/office-government-ethics-conflicts/index.html
By Marla Matzer Rose The Columbus Dispatch Wednesday January 4, 2017 7:16 AM They said it was going to be a tough year to beat, but they were wrong. Columbus 10 percent tax on hotel stays generated a record $44.5 million in 2016, up 4.3 percent over 2015. The increase came despite an ongoing $125 million expansion and renovation at the Greater Columbus Convention Center that has made some meeting space temporarily unavailable dampening demand for hotel rooms nearby. The gain comes following a strong year for lodging activity in 2015, which tourism leaders cautioned would be difficult to top. That year saw a boost in demand for hotel rooms from the NHL All-Star Game in January, as well as several other major sporting events throughout the year. The just-ended year finished strong, which is unusual because December typically is a slow month for hotels. The womens NCAA Division I volleyball championship and the American Volleyball Coaches Association annual convention booked a combined 11,000 room nights for participants, not counting friends and fans who made their own travel arrangements. The revenue generated by the bed tax, as its commonly called, is roughly evenly divided between the city of Columbus and Franklin County. The countys share goes to the Franklin County Convention Facilities Authority, which oversees the convention center. The citys portion of the 10 percent tax is divided among several entities. The convention and visitors bureau, Experience Columbus, gets just under 2.4 percent; the Greater Columbus Arts Council is allocated nearly 1.7 percent; and the citys Emergency Human Service Fund and Housing Trust Corporation get close to a half-percent each.
For the original version including any supplementary images or video, visit http://www.dispatch.com/content/stories/business/2017/01/04/bed-tax-generates-record-44-5-million-in-franklin-county.html