Financial Disclosure Modernization Act

This bill changes the value ranges that federal officials use when reporting their finances on required financial disclosure reports. For income such as dividends, rents, interest, and capital gains, it adds new reporting ranges above $5,000,000, up to a top range of more than $1,000,000,000. For reported amounts or values such as assets and debts, it adds new ranges above $50,000,000, also up to a top range of more than $1,000,000,000. The changes would apply to reports due on or after the date the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Adam B. Schiff Democrat sponsor
• 3 cosponsors