Financial Disclosure Modernization Act
Sponsored By: Representative Rep. Min, Dave [D-CA-47]
Introduced
Summary
Modernizes federal financial disclosure reporting thresholds. The bill would replace current value categories with finer tiers so high-value income and holdings are reported in more precise ranges.
Show full summary
- Federal filers covered by chapter 131 of title 5 would report dividends, rents, interest, and capital gains using new brackets that start at $5.0 million and go above $1.0 billion. The change applies to reports required on or after enactment.
- Agency ethics offices and public readers would get more granular information for large holdings because other asset brackets are expanded starting at $50.0 million and rising above $1.0 billion.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New reporting tiers for federal filers
This bill would change the value buckets on public financial disclosure forms that federal executive-branch employees file. For dividends, rents, interest, and capital gains it would add finer brackets: over $5 million up to $25 million; over $25 million up to $100 million; over $100 million up to $500 million; over $500 million up to $1 billion; and over $1 billion. For general holdings it would add higher brackets: over $50 million up to $100 million; over $100 million up to $250 million; over $250 million up to $500 million; over $500 million up to $1 billion; and over $1 billion. These changes would apply to disclosure reports required to be filed on or after the date of enactment. The bill would mainly change which box very high-value filers check and could increase reporting detail or compliance work; it would not itself change taxes or benefits.
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Sponsors & CoSponsors
Sponsor
Rep. Min, Dave [D-CA-47]
CA • D
Cosponsors
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 2/11/2026
Rep. Dexter, Maxine [D-OR-3]
OR • D
Sponsored 2/11/2026
Rep. Tonko, Paul [D-NY-20]
NY • D
Sponsored 2/11/2026
Roll Call Votes
No roll call votes available for this bill.
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