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.
Impact Analysis
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Milestones
2 milestones2 actions
Feb 11, 2026Senate
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Feb 11, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
