Gov. Matt Blunt signed the bill into law yesterday.
“At a time of economic uncertainty and ever rising gas prices the last thing Missouri taxpayers need is a provision that will allow lawmakers to enrich themselves at the public’s expense,” Steelman said in a statement. “These kinds of actions by lawmakers are what cause government to get bigger," she said.
The Associated Press reported back in May that "about 20 past or present Missouri officials have received more than $400,000 in tax credits for investing in alternative fuels such as ethanol and biodiesel."
As Treasurer, Steelman took action to prohibit similar conflict of interest situations. "This is wrong and as Governor I will end it immediately," Steelman said.
Steelman also called on her Republican primary opponent, Kenny Hulshof, to support her in ending this policy.
"Hulshof, however, is a shareholder in an alternative fuels business," reads the Steelman release.