H.R.85 - A bill to amend title 18, United States Code, to promote public confidence in the legislative branch of the U.S. Government by requiring financial disclosure by Members of Congress, and certain employees of the legislative branch.93rd Congress (1973-1974)
|Sponsor:||Rep. Archer, Bill [R-TX-7] (Introduced 01/03/1973)|
|Committees:||House - Standards of Official Conduct|
|Latest Action:||01/03/1973 Referred to House Committee on Standards of Official Conduct.|
This bill has the status Introduced
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Summary: H.R.85 — 93rd Congress (1973-1974)All Bill Information (Except Text)
Introduced in House (01/03/1973)
Requires the annual financial disclosure by Members of Congress, candidates for Congress, and specified employees of the legislative branch of the United States.
Requires such reports to be filed not later than May 15 of each year, and to be in such form and detail as the Comptroller General may prescribe. Allows the Comptroller General to provide for the grouping of items of income, sources of income, assets, liabilities, dealings in securities or commodities, and purchases and sales of real property, when separate itemization is not feasible or is not necessary for an accurate disclosure of the income, net worth, dealing in securities and commodities, or purchases and sales of real property of any individual.
Provides that whoever willfully fails to file a report required by this section, or knowingly and willfully files a false report under this section, shall be fined $2,000, or imprisoned for not more than five years, or both.
Requires all reports filed under this Act to be maintained by the Comptroller General as public records which, under such reasonable regulations as he shall prescribe, shall be available for inspection by members of the public.