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AUTHORIZATION OF APPROPRIATIONS

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Sec. 10. There are authorized to be appropriated such

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DATE DUE FOR FIRST REPORT

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SEC. 11. The first report required by this Act shall be 7 due ninety days after the date of the enactment of this

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95TH CONGRESS

1st SESSION

H. R. 2716

IN THE HOUSE OF REPRESENTATIVES

JANUARY 31, 1977 Mr. KASTENMEIER (for himself, Mr. RAILSBACK, Mr. BEDELL, Mr. CORCORAN,

Mr. CORRADA, Mr. Sarasin, and Mr. ZEFERETTI) 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.

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Be it enacted by the Senate and House of Representa

2 tives of the United States of America in Congress assembled,

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SECTION 1. This Act may be cited as the “Financial

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(1) the term "agency” mcans cach authority of the Government of the United States;

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(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

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forth in section 301 of the Federal Election Campaign

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(4) the term “Comptroller General” means the

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Comptroller General of the United States;

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(5) the term “dependent” has the meaning set

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forth in section 152 of the Internal Revenue Code of

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(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

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United States Postal Service or of the Postal Rate

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(B) the child, parent, grandparent, grandchild,

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brother, or sister of an individual or of the spouse

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(8) the term "income” means gross income as

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defined in section 61 of the Internal Revenue Code

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of 1954;

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(9) the terın “Member of Congress” means a

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Senator, a Representative, a Resident Commissioner,

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or a Delegate;

(10) the term "officer” includes, for purposes of section 3, any officer designated under section 2104 of title 5, United States Code and any officer of the

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United States Postal Service or of the Postal Rate

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(11) the term “Presidential nominee” means an individual appointed by the President to an office for

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which confirmation, by and with the advice and consent of the Senate, is required, or an individual nominated

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by the President to serve as Vice President pursuant to

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the twenty-fifth amendment to the Constitution of the

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(12) the term “political contribution" means a

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contribution as defined in section 301 of the Federal

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Election Campaign Act of 1971 (2 U.S.C. 431);

(13) the term “political expenditure” means an

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expenditure as defined in section 301 of the Federal

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Election Campaign Act of 1971 (2 U.S.C. 431);

(14) the term "security” has the meaning set forth

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in section 2 of the Securities Act of 1933, as amended

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(15 U.S.C. 77b);

(15) the terın “transactions in securities and commodities” means any acquisition, transfer, or other disposition involving any security or commodity; and

(16) the term “uniformed services” means any of the Armed Forces, the commissioned corps of the

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Public Health Service, or the commissioned corps of

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the National Oceanic and Atmospheric Administration.

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INDIVIDUALS REQUIRED TO FILE REPORT

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Sec. 3. (a) Any individual identified in subsection (b) 12 shall file cach calendar year a report containing a full and 13 complete financial statement for the preceding calendar 14 year if such individual has occupied or been a candidate for 15 the office or position for a period in excess of ninety days

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(1) The individuals referred to in subsection (a) are

(1) the President and any candidate for that office; (2) the Vice President and any candidate for that

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office;

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(3) each Member of Congress and any candidate

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(4) cach justice or judge of the United States;
(5) cach Presidential nominee;

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(6) each officer or employee of the United States

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