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1

AUTHORIZATION OF APPROPRIATIONS

2 Sec. 10. There are authorized to be appropriated such 3 sums as may be necessary to carry out the provisions of this

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DATE DUE FOR FIRST REPORT

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

8 Act.

95тн CONGRESS

1st SESSION

H. R. 5583

IN THE HOUSE OF REPRESENTATIVES

MARCH 24, 1977 Mr. KASTENMEIER (for himself, Mr. RAILSBACK, Mr. Beard of Rhode Island,

and Mr. VANDER JAGT) 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" means each authority of the

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

(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

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section 3, any employee designated under section 2105

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of title 5, United States Code, and any employee of the

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(7) the term "immediate family” means—

(A) the spouse of an individual,
(B) the child, parent, grandparent, grandchild,

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brother, or sister of an individual or of the spouse

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of such individual, and

(C) the spouse of any individual designated

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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 term "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

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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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Commission;

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(11) the term “Presidential nominee” means an individual appointed by the President to an office for which confirmation, by and with the advice and consent of the Senate, is required, or an individual nominated by the President to serve as Vice President pursuant to 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);

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(13) the term “political expenditure” means an 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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4.

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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 term “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 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

11 SEC. 3. (a) Any individual identified in subsection (b) 12 shall file each 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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(b) 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) each justice or judge of the United States;
(5) each Presidential nominee;

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(6) each officer or employee of the United States

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