Upon assumption, all legislators are required to fully disclose thier financial and business interests. They are also to inform their House of any potential conflict that may arise from the filing of a proposed legislation of which they are the authors.
This provision is intended to ensure the probity and objectivity of our legislators. There are some instances when some are tempted to be in the Congress not because of their desire to serve the people but rather to protect their own interests. By requiring them to make known their financial and business interests and investments, it is hoped that self-aggrandizement will be reduced and they will be prevented from using their official positions for ulterior purposes.