Full Financial Disclosure Act

Summary

Full Financial Disclosure Act - Requires the following persons to file annual financial disclosure statements with the Comptroller General: Members of Congress; officers or employees of the judicial or legislative branch of the Federal Government who earn in excess of $32,000 per year; officers or employees of the United States performing duties equivalent to those of a person occupying grade GS-16 of the General Schedule or higher; members of a uniformed service earning an amount of pay equal to or in excess of the amount of pay for pay grade 0-6; the President; and the Vice President. States that such statement shall disclose specified data on the financial position of such person and such person's spouse, including: (1) the amount of taxes paid; (2) the amount of income and gifts received valued at over $100; (3) assets owned with a value in excess of $1,000; and (4) transactions in securities, commodities, or real property in excess of $1,000. Sets criminal penalties for failure to file such report.

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1 official file

• Introduced in House

  summary · EN · 4 January 1977

  Open at official source

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