Congress·In Committee·S. 3827

Financial Disclosures: New Reporting Categories for Wealthy Officials

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

Also known as: Financial Disclosure Modernization Act

about 1 month ago·View on Congress.gov

Part of: Congress Proposes Raising Financial Disclosure Caps to $1 Billion

Legislative Progress

Senate

House

President

Law

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

Related Bills

1 bill

H.R. 7508Identical bill

Financial Disclosure Modernization Act

Feb 11 — Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.