Net Worth Disclosure Act

Summary

Net Worth Disclosure Act - Requires the President, the Vice President, each Member of the Senate, each Member of the House of Representatives (including Delegates and the Resident Commissioner from Puerto Rico), and each officer and employee of the United States within the executive and legislative branches of Government receiving compensation at an annual rate in excess of $30,000 to file annually with the Comptroller General of the United States a full and complete statement of net worth. Provides that such statement shall consist of: (1) a list of the identity and value of each asset held by him, or jointly by him and his spouse or by him and his child or children, and which has a fair market value in excess of $1,500 as of the end of the calendar year prior to that in which he is required to file a report under this Act; and (2) a list of the identity and amount of each liability owed by him, or jointly by him and his spouse or by him and his child or children, and which is in excess of $1,500 as of the end of the calendar year prior to that in which he is required to file a report under this Act. Provides penalties for violations of the provisions of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 30 September 1974

   Introduced

   Referred to Senate Committee on Government Operations.

   Source: IntroReferral

2. 30 September 1974

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 30 September 1974

  Open at official source

Sponsors

• Sen. Weicker, Lowell P., Jr. [R-CT] · R · Sponsor
• Sen. Domenici, Pete V. [R-NM] · R · Cosponsor
• Sen. Moss, Frank E. [D-UT] · D · Cosponsor
• · ssga00 · Standing

Related records

No cross-record relationships stored yet.