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SEC. 3. For purposes of this Act,

(1) the term “income” means gross income as defined by section 61 of the Internal Revenue Code of

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1954;

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(2) the term "tax" means any Federal, State, or local income tax and any Federal, State, or local prop

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erty tax;

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(3) the term "security” means security as defined in section 2 of the Securities Act of 1933 (15 U.S.C.

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77b);

(4) the term "commodity” means commodity as defined in section 2 of the Commodity Exchange Act

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(7 U.S.C. 2);

(5) the term “transactions in securities or comniod ities” means any acquisition, holding, withholding, use, transfer, or other disposition involving any security or commodity;

(6) the term “Member of Congress” means a Senator, a Representative, a Resident Commissioner, or a Delegate;

(7) the term "officer” has the same meaning as in section 2104 of title 5, United States Code;

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(8) the term "employee” has the same meaning as in section 2105 of such title;

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(9) the term “uniformed service” means any of the Armed Forces, the commissioned corps of the Public Health Service, or the commissioned corps of the National Oceanic and Atmospheric Administration;

(10) the term "immediate family” means the child, parent, grandparent, brother, or sister of an individual, and the spouses of such persons;

(11) the term "candidate” has the meaning given it by section 301 (b) of the Federal Election Campaign Act of 1971 (2 U.S.C. 431 (b));

(12) the term "Federal office” has the meaning given it by section 301 (c) of the Federal Election Campaign Act of 1971 (2 U.S.C. 431 (c)); and

(13) the term "Comptroller General” means the

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Comptroller General of the United States.

95TH CONGRESS

1st SESSION

H. R. 739

IN THE HOUSE OF REPRESENTATIVES

JANUARY 4, 1977 Mr. ARCHER introduced the following bill; which was referred to the Com

mittee on the Judiciary

A BILL To amend title 18, United States Code, to promote public con

fidence in the legislative branch of the United States Government by requiring financial disclosure by Members of Congress, candidates for Congress, and certain employees of the legislative branch.

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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, 3 That (a) chapter 11 of title 18, United States Code, is 4 amended by adding at the end thereof the following new

5 section:

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1 "9225. Disclosure of financial interests by Members of

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Congress, certain congressional employees, and

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candidates for Congress

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“(a) Each Member of Congress, and each employee of 5 the Congress shall file annually, and each person who is

a candidate for Congress but who, at the time he becomes

7 a candidate, does not occupy any such office, shall file within 8 five days after he becomes a candidate for such office, with

9 the Comptroller General a report containing a full and com

16 plete statement of

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"(1) the amount and source of each item of income,

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each item of reimbursement for any expenditure, and

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each gift or aggregate of gifts from one source (other than gifts received from his spouse or any member of his immediate family) received by him or by him and his spouse jointly during the preceding calendar year which exceeds $100 in amount or value, including any fee or honorarium received by him for or in connection with the preparation or delivery of any speech or address, attendance at any convention or other assembly of individuals, or the preparation of any article or other composition for publication, and the monetary value of subsistence, entertainment, travel, and other facilities

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received by him in kind;

“(2) the value of each asset held by him or by him

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and his spouse jointly which has a value in excess of $5,000, and the amount of each liability owed by him,

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or by him and his spouse jointly, which is in excess of $5,000 as of the close of the preceding calendar year;

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and

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“ (3) any business transaction, including the sale, purchase, or transfer of securities of any business entity, commodity, real property, or any other asset or any

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interest therein, by him, or by him and his spouse

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10 jointly, or by any person acting on his behalf or pur

suant to his direction during the preceding calendar 12 year if the aggregate amount involved in such trans13 action exceeds $5,000 during such year. 14 “(b) Reports required by this section shall be filed not 15 later than May 15 of each year. In the case of any person 16 who ceases, prior to such date in any year, to occupy the 17 office or position the occupancy of which imposes upon him

18 the reporting requirements contained in subsection (a) shall

19 file such report on the last day he occupies such office or

20 position, or on such later date, not more than three months

21 after such last day, as the Comptroller General may prescribe,

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"(c) Reports required by this section shall be in such

23 form and detail as the Comptroller General may prescribe. 24 The Comptroller General may provide for the grouping of 25 items of income, sources of income, assets, liabilities, dealings

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