Page "Sharpstown scandal" Paragraph 7

The final impact of the stock fraud scandal on Texas politics occurred during the regular session of the legislature in 1973.

The lawmakers, led by new House Speaker Marion Price Daniel, Jr., of Liberty, a moderate and son of a former governor, with active support from Attorney General Hill and Lieutenant Governor Hobby and with verbal encouragement from Governor Briscoe, passed a series of far-reaching reform laws.

Among other subjects, the legislation required state officials to disclose their sources of income, forced candidates to make public more details about their campaign finances, opened up most governmental records to citizen scrutiny, expanded the requirement for open meetings of governmental policy-making agencies, and imposed new disclosure regulations on paid lobbyists.