Review panel: Wis. rep likely broke House rules

AP News
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Posted: Sep 30, 2014 5:17 PM
Review panel: Wis. rep likely broke House rules

WASHINGTON (AP) — A congressional review panel says there is substantial reason to believe that veteran Wisconsin Rep. Tom Petri violated House rules by acting on behalf of two companies in which he owned significant amounts of stock.

The independent Office of Congressional Ethics says Petri advocated for Oshkosh Corp. and the Manitowoc Co. despite owning at least $250,000 worth of Oshkosh stock and at least $100,000 worth of stock in Manitowoc. Both companies are based in Wisconsin.

Petri, a Republican retiring after 18 terms in the House, denied wrongdoing. He said he routinely sought and took advice from the House Ethics Committee regarding his stock ownership, adding that the committee approved his actions on each of those occasions.

The OCE is an outside organization that can refer cases to the Ethics Committee.