Financial Disclosure Modernization Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7508 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 7508

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 11, 2026

Mr. Min (for himself, Ms. Norton, Ms. Dexter, and Mr. Tonko) introduced 
 the following bill; which was 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

_______________________________________________________________________

                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Financial Disclosure Modernization 
Act''.

SEC. 2. DIVIDENDS, RENTS, INTEREST, AND CAPITAL GAINS.

    Section 13104(a)(1)(B) of title 5, United States Code, is amended--
            (1) in clause (viii), by striking ``or''; and
            (2) by striking clause (ix) and inserting the following:
                            ``(ix) greater than $5,000,000 but not more 
                        than $25,000,000;
                            ``(x) greater than $25,000,000 but not more 
                        than $100,000,000;
                            ``(xi) greater than $100,000,000 but not 
                        more than $500,000,000;
                            ``(xii) greater than $500,000,000 but not 
                        more than $1,000,000,000; or
                            ``(xiii) greater than $1,000,000,000.''.

SEC. 3. CATEGORIES FOR REPORTING AMOUNTS OR VALUES.

    Section 13104(d)(1) of title 5, United States Code, is amended--
            (1) in subparagraph (I), by striking ``and''; and
            (2) by striking subparagraph (J) and inserting the 
        following:
                    ``(J) greater than $50,000,000 but not more than 
                $100,000,000;
                    ``(K) greater than $100,000,000 but not more than 
                $250,000,000;
                    ``(L) greater than $250,000,000 but not more than 
                $500,000,000;
                    ``(M) greater than $500,000,000 but not more than 
                $1,000,000,000; and
                    ``(N) greater than $1,000,000,000.''.

SEC. 4. EFFECTIVE DATE.

    The amendments made by this Act shall apply with respect to 
financial disclosure reports under chapter 131 of title 5, United 
States Code, that are required to be filed on or after the date of the 
enactment of this Act.
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