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1 receiving a copy of such report under subsection (a) to 2 supply his name and address and the name of the person or 3 organization, if any, on whose behalf he is requesting such 4 copy and to pay a reasonable fee in any amount which the 5 Comptroller General finds necessary to recover the cost of 6 reproduction or mailing of such report excluding any salary 7 of any employee involved in such reproduction or mailing. 8 The Comptroller General may furnish any copy of such 9 report without charge or at a reduced charge if he deter10 mines that waiver or reduction of the fee is in the public 11 interest because furnishing the information can be considered 12 as primarily benefiting the public.

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(c) (1) It shall be unlawful for any person to inspect or

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(B) to determine or establish the credit rating of any individual; or

(C) for use directly or indirectly in the solicitation

of money for any political, charitable, or other purpose. (2) The Attorney General may bring a civil action 21 in any district court of the United States against any per22 son who inspects or obtains such report for any purpose 23 prohibited in paragraph (1). The court in which such ac24 tion is brought may assess against such individual a penalty 25 in any amount not to exceed $1,000.

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(d) Any report received by the Comptroller General 2 shall be held in his custody and made available to the public 3 for a period of five years after receipt by the Comptroller

4 General of such report. After such five-year period, the 5 Comptroller General shall destroy any such report.

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(e) The House of Representatives, the Senate, the 7 Director of the Administrative Office of the United States 8 Courts, the Chairman of the Civil Service Commission, and 9 the head of each agency shall make provisions to assure that 10 each report shall be reviewed in accordance with any law or 11 regulation with respect to conflicts of interest or confidential 12 financial information of officers or employees of the House of 13 Representatives, the Senate, the United States courts or each 14 such agency or in accordance with such rules and regulations 15 as may be prescribed.

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(f) (1) The Comptroller General shall, under such regu17 lations as he may prescribe, conduct on a random basis audits 18 of approximately 5 per centum of the reports filed with him 19 under section 5 (a) (1).

20 (2) The Comptroller General shall audit during each 21 term of an individual holding the office of President or Vice 22 President at least one report filed by such individual under 23 section 5(a) (1) during such term.

24 (3) The Comptroller General shall, during each six25 year period beginning after the date of enactment of this

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1 Act, audit at least one report filed by each Member of the

2 Senate and the House of Representatives during such six3 year period.

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(4) (A) In conducting an audit under paragraph (1), 5 (2), or (3), the Comptroller General is authorized to re6 quire by subpena the production of books, papers, and other 7 documents. All such subpenas shall be issued and signed by 8 the Comptroller General.

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(B) In case of a refusal to comply with a subpena

10 issued under subparagraph (A)

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(i) the Comptroller General is authorized to seek

12 an order by any district court of the United States hav

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ing jurisdiction of the defendant to require the produc

tion of the documents involved; and

(ii) such district court may issue such order and enforce it by contempt proceedings.

17 RECOMMENDATION ON FINANCIAL CONFLICTS OF INTEREST

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SEC. 8. The Civil Service Commission and the Depart19 ment of Justice shall each analyze regulations and proce20 dures presently in effect with regard to financial conflicts 21 of interest among employees of the Federal Government and 22 recommend to the appropriate committees of Congress for 23 their consideration such legislation as may be necessary. 24 Such reports shall be delivered within six months of the 25 enactment of this Act.

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SEPARABILITY

SEC. 9. If any part of this Act is held invalid, the 3 remainder of this Act shall not be affected thereby. If any

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4 provision of any part of this Act, or the application thereof 5 to any person or circumstance, is held invalid, the provisions 6 of other parts and their application to other persons or 7 circumstances shall not be affected thereby.

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AUTHORIZATION OF APPROPRIATIONS

SEC. 10. There are authorized to be appropriated such 10 sums as may be necessary to carry out the provisions of this 11 Act.

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DATE DUE FOR FIRST REPORT

SEC. 11. The first report required by this Act shall be

14 due ninety days after the date of the enactment of this

15 Act.

95TH CONGRESS 18T SESSION

H. R. 6142

IN THE HOUSE OF REPRESENTATIVES

APRIL 6, 1977

Mr. KASTENMEIER (for himself, Mr. RAILSBACK, and Mr. FORD of Michigan) introduced the following bill; which was referred to the Committee on the Judiciary

A BILL

To require candidates for Federal office, Members of the Congress, 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 enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

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SHORT TITLE

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

5 Disclosure Act".

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DEFINITIONS

SEC. 2. As used in this title

(1) the term "agency" means cach authority of the

Government of the United States;

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