REP. DAVID DREIER (R-CA)

On October 24, 1991, Rep. Dreier purchased between 15,000 and 50,000 dollars worth of what may have been an INITIAL PUBLIC OFFERING in Gaylord Entertainment. Gaylord owns a cable television system that services Los Angeles and Riverside California (Dreier's district). October 24 was the first day that Gaylord was publicly traded on the NYSE.

During this time period, Congress was aggressively considering a major cable television bill that was vehemently opposed by the cable industry. The bill was S. 12: CABLE TELEVISION CONSUMER PROTECTION ACT...To amend title VI of the Communications Act of 1934 to ensure carriage on cable television of local news and other programming and to restore the right of local regulatory authorities to regulate poses (Introduced January 14, 1991; Referred to Senate Commerce Committee; Became P.L. 102-385 in lieu of the House version H.R. 4850).

POLITICAL MONEY NOTES: Twenty days (on October 4, 1991) before his stock purchase, Rep. Dreier accepted a $1,000 contribution from the National Cable Television Association. Five days (on October 29, 1991) after his stock purchase, Rep. Dreier accepted another contribution ($500) from the National Cable Television Association.

VOTE NOTES: On July 23, 1992, Rep. Dreier voted NAY on H.R. 4850: CABLE TELEVISION CONSUMER PROTECTION AND COMPETITION ACT. On September 17, 1992, Rep. Dreier voted NAY on S. 12: CABLE TELEVISION CONSUMER PROTECTION ACT. And on October 5, 1992, Rep. Dreier voted NAY to override the President's veto on S. 12.

NOTES: Rep. Dreier is # 3 on the House Rules Committee; he is # 1 on the House Rules Subcommittee on Rules of the House.