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Congress·In Committee·19 days ago

Financial Disclosures: New Reporting Categories for Wealthy Officials

Also known as: Financial Disclosure Modernization Act

Legislative Progress

✓ Filed
Review
Senate
House
President

Key Points

  • A group of Senators introduced a bill to update the rules for how high-ranking government officials report their personal wealth and the money they earn from investments.
  • Right now, financial disclosure forms often group all very large assets into one broad category. This bill creates new, more specific tiers for assets and income worth $25 million, $100 million, $500 million, and over $1 billion.
  • By requiring more detail on large fortunes, the bill aims to make it easier for the public to see if an official's private money might influence their decisions or create a conflict of interest.
  • These changes would apply to future financial reports filed by top leaders in the government, including those in Congress and the federal courts, once the bill is signed into law.

Milestones

2 milestones2 actions
Feb 11, 2026Senate

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Feb 11, 2026

Introduced in Senate

Source Information

Document Type

Congressional Bill

Official Title

A bill to modify reporting value categories for financial disclosure reports required under chapter 131 of title 5, United States Code.

Bill NumberS 3827
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sponsor

Cosponsors

(3)
D: 3

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.