Financial Disclosure Act

Financial Disclosure Act - Requires the President, Vice-President, Members of Congress, justices and judges of the United States, officers and employees of the United States compensated at a rate equal to or in excess of the rate prescribed for GS-16, and members of the uniformed services compensated at a rate equal to or in excess of the monthly rate prescribed for 0-7 to file in each calendar year, during which the individual has occupied the office or position for a period in excess of ninety days, a report containing a complete financial statement for the preceding calendar year.

Requires any individual seeking nomination for election, or election to the office of President, Vice President, or Member of Congress to file in any year in which the individual has (1) qualified for nomination for election, or election, or (2) received political contributions or made expenditures, a complete financial statement for the preceding calendar year.

Specifies the content of such financial statements.

Requires that certain individuals report the identity of any non-Government person who paid such individuals compensation in excess of $5,000 in any of the five years prior to the preceding calendar year, and the nature and the service performed, confidential information established as a matter of law excepted. Requires disclosure of certain property held by the individual, the spouse, dependents or agents.

Permits the President to exempt any individual in the Central Intelligence Agency, the Defense Intelligence Agency, or other person engaged exclusively in intelligence activities from the requirement to file a report with the Comptroller General if such disclosure would reveal the identity of an undercover Federal agent.

Makes failure to file and falsifying reports punishable by a fine and/or imprisonment.

Requires the head of each agency, the Clerk of the House of Representatives, the Secretary of the Senate, and the Director of the Administrative Office of the United States Courts to submit annually to the Comptroller General a complete list of individuals required to file such a report.

Requires the Comptroller General to (1) refer to the Attorney General the names of all individuals who the Comptroller General has reasonable cause to believe have failed to file or falsified such report, and (2) in the case of a Member of Congress, refer the name to the appropriate Congressional Committees.

Requires that the Comptroller General make such reports available to the public for all purposes not excluded under this Act.

Makes the House of Representatives, the Senate, the Director of the Administrative Office of the United States Courts, the Chairman of the Civil Service Commission and the head of each agency responsible for the review of such reports in accordance with any law or regulation regarding conflicts of interest or confidential financial information.

Directs the Comptroller General to conduct audits of each specified group at varying intervals, and gives the Comptroller General subpena power for the purpose of conducting such audits.

Requires the Civil Service Commission and the Department of Justice to recommend to Congress such legislation as may be necessary in the area of financial conflicts of interest among Federal employees and officers.