42 U.S.C. § 6906: Financial disclosure

Summary

Officers and employees of the Administrator who perform duties under this chapter and who have a known financial interest in anyone applying for or receiving financial help must file a yearly written statement listing those interests for the preceding calendar year, starting February 1, 1977; the statements are public. The Administrator must, within 90 days after October 21, 1976, define “known financial interest,” set rules to collect and enforce the filings, and report to Congress on June 1, 1978 and each year after. Some nonpolicy-making jobs may be exempt. Knowingly violating this can lead to up to a $2,500 fine, up to one year in jail, or both.

Title 42, §6906

The Public Health and Welfare, Source: USLM XML via OLRC

(a)Statement

Each officer or employee of the Administrator who—

(1)performs any function or duty under this chapter; and

(2)has any known financial interest in any person who applies for or receives financial assistance under this chapter

shall, beginning on February 1, 1977, annually file with the Administrator a written statement concerning all such interests held by such officer or employee during the preceding calendar year. Such statement shall be available to the public.

(b)Action by Administrator (c) Exemption

The Administrator shall—

(1)act within ninety days after October 21, 1976—

(A)to define the term “known financial interest” for purposes of subsection (a) of this section; and

(B)to establish the methods by which the requirement to file written statements specified in subsection (a) of this section will be monitored and enforced, including appropriate provision for the filing by such officers and employees of such statements and the review by the Administrator of such statements; and

(2)report to the Congress on June 1, 1978, and of each succeeding calendar year with respect to such disclosures and the actions taken in regard thereto during the preceding calendar year.

(d)Penalty

Any officer or employee who is subject to, and knowingly violates, this section shall be fined not more than $2,500 or imprisoned not more than one year, or both.

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Termination of Reporting RequirementsFor termination, effective May 15, 2000, of reporting provisions in subsec. (b)(2) of this section, see section 3003 of Pub. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance, and the 14th item on page 164 of House Document No. 103–7.

Executive Documents

Transfer of Functions

For transfer of certain

Enforcement

functions of Administrator or other official of Environmental Protection Agency under this chapter to Federal Inspector, Office of Federal Inspector for the Alaska Natural Gas Transportation System, and subsequent transfer to Secretary of Energy, then to Federal Coordinator for Alaska Natural Gas Transportation Projects, see note set out under section 6903 of this title.

§6906 Financial Disclosure