A bill to promote public confidence in the legislative, executive, and judicial branches of the Government of the United States.

Summary

Requires the President and the Vice President, each Member of the Senate and the House of Representatives (including Resident Commissioners and Delegates), candidates for such offices, each civil or military officer of the executive branch of any department or agency thereof, each judge or justice of a court of the United States, and each employee of the legislative, executive, or judicial branch of the Government of the United States or any department or agency thereof who is compensated at a rate in excess of $25,000 per year to file annually with the Comptroller General a financial report. Requires such report to contain a full and complete statement of: (1) the amount and source of each item of income, each item of reimbursement for any expenditure, and each gift or aggregate of gifts from one source which exceeds $100 in amount or value; (2) the value of each asset held by him, or by him and his spouse jointly, and the amount of each liability owned by him, or by him and his spouse jointly, as of the close of the preceding calendar year; (3) all dealings in securities or commodities by him, or by him and his spouse jointly, or by any person acting on his behalf or pursuant to his direction during the preceding calendar year; and (4) all purchases and sales of real property or any interest therein by him, or by him and his spouse jointly, or by any person acting on his behalf or pursuant to his direction, during the preceding calendar year. Provides that all reports filed under this Act shall be maintained by the Comptroller General as public records which, under such reasonable regulations as he shall prescribe, shall be available for inspection by members of the public. Sets forth penalties for violations of the provisions of this Act.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 16 January 1975

  Open at official source

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