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Spaniol, Joseph F., Assistant Director, Administrative Director, Ad
dated September 15, 1977, to Hon. George E. Danielson.---
Policy, letter to Hon. Peter W. Rodino, Jr----
Justice, letter to Hon. George E. Danielson---
letter dated September 13, 1977, to Hon. George E. Danielson---Rouland, J. Thomas, executive director, Federal Bar Association, letter
dated October 7, 1977, to Hon. George F. Danielson.-. Williams, Hon. Harold M., Chairman, Securities and Exchange Commis
sion, letter dated September 8, 1977, to Hon. Peter W. Rodino, Jr., chairman, House Committee on the Judiciary -
FINANCIAL DISCLOSURE ACT
FRIDAY, SEPTEMBER 9, 1977
U.S. HOUSE OF REPRESENTATIVES,
AND GOVERNMENTAL RELATIONS
Washington, D.C. The subcommittee met at 10:30 a.m. in room 2237, Rayburn House Office Building, Hon. George E. Danielson (chairman of the subcommittee) presiding.
Present: Representatives Danielson, Mazzoli, Harris, Moorhead, and Kindness.
Staff present: William P. Shattuck, counsel; Timothy J. Hart, assistant counsel; Alan F. Coffey, Jr., associate counsel; and Florence McGrady, clerk.
Mr. DANIELSON. The hour of 10 o'clock having arrived, we will commence our hearings on the bills concerning financial disclosure.
Today we are initiating hearings on the subject of financial disclosure on the bills, H.R. 1, H.R. 9, the bill H.R. 6954 embodying the language recommended by the President on this subject, and a large number of companion measures.
X.R. 1, being the low number on the subject, and the bill authored by the Honorable Robert Kastenmeier, a long-time advocate of financial disclosure, will be used as the vehicle for our work.
In the last Congress this subcommittee conducted hearings on similar bills providing for financial disclosure by persons in the legislative, executive and judicial branches of government. Those hearings were held on July 28 and 29, 1976.
The subcommittee subsequently approved the bill H.R. 3249, with amendments, which covered all three branches of the Government.
The bills H.R. 1 and H.R. 9 and a large number of similar companion measures embody provisions substantially identical to the language approved by the subcommittee in the last session. I might add H.R. 1 has, with its counterpart, something like 180 cosponsors at the present time.
In the current session the Select Committee on Ethics under the chairmanship of the Honorable Richard Preyer, conducted hearings on financial disclosure by Members of Congress and legislative personnel and has reported a bill, H.R. 7401, to the House. Accordingly, in these hearings we are concerned with financial disclosure by personnel of the executive and judicial branches of the Government only.
With respect to the executive branch, we will give particular consideration to the President's proposal as embodied in H.R. 6954. That bill, unlike the other measures before us, does not cover the judicial branch; however, we have prepared a draft of language, embodied in a proposed committee print, to cover that branch. The print embodies both the President's proposal and the parallel language covering the Judiciary.
Since both the Select Committee on Ethics and the Post Office and Civil Service Committees have held hearings on aspects of this subject in the current Congress, and this represents the second consideration of the subject by this subcommittee, we expect to take advantage of the prior testimony, in order to avoid duplication and, insofar as possible, expedite the current hearings and consideration of the bills.
[Copies of the bills referred to follow:]
H. R. 1
IN THE HOUSE OF REPRESENTATIVES
JANUARY 4, 1977 Mr. KASTENMEIER (for himself, Mr. R.ULSBACK, Mr. Bollino, Mr. BURGENER,
Mr. COCHRAN, Mr .COXYERS, Mr. CORNELL, Mr. DRINAN, Mr. EDWARDS of California, Mr. FASCELL, Mrs. FENWICK, Mr. Findley, Mr. F18H, Mr. HamMERSCHMIDT, Mr. MazzoLI, Mr. MINETA, Mr. MOFFETT, Mr. Quir., Mr. RINALDO, Mr. SEIBERLING, Mr. Simox, Mr. STEIGER, Mr. UDALL, Mr. CHARLES Wilson of Texas, and Mr. Winn) introduced the following bill; which was referred to the Committee on the Judiciary
A BILL To require candidates for Federal office, Members of the Con
gress, and officers and employees of the United States to file statements with the Comptroller General with respect to their income and financial transactions.
1 Be it cnacted by the Senate and House of Representa2 tires of the United States of America in Congress assembled,
4 SECTION 1. This Act may be cited as the “Financial 5 Disclosure Act".
(1) the term "agency” means each authority of the
(2) the term "commodity future” has the meaning set forth in sections 2 and 5 of the Commodity Exchange Act, as amended (7 U.S.C. 2 and 5);
(3) the term "candidate” has the meaning set forth in section 301 of the Federal Election Campaign Act of 1971 (2 U.S.C. 431);
(4) the term “Comptroller General” means the Comptroller General of the United States;
(5) the term “dependent” has the meaning set
forth in section 152 of the Internal Revenue Code of
(6) the term "employee” includes, for purposes of section 3, any employee designated under section 2105 of title 5, United States Code, and any employee of the
United States Postal Service or of the Postal Rate
(7) the term "immediate family" means
(A) the spouse of an individual,
brother, or sister of an individual or of the spouse
(8) the term “income” means gross income as