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1 in securities or commodities, and purchases and sales of real 2 property, when separate itemization is not feasible or is not

3 necessary for an accurate disclosure of the income, net worth,

4 dealing in securities and commodities, or purchases and sales

5 of real property of any individual.

6 "(d) Whoever willfully fails to file a report required by 7 this section, or knowingly and willfully files a false report

under this section, shall be fined $2,000, or imprisoned for 9 not more than five years, or both. 10 “(e) All reports filed under this section shall be main

tained by the Comptroller General as public records which, 12 under such reasonable regulations as he shall prescribe, shall 13 be available for inspection by members of the public. 14 “(f) For the purposes of any report required by this 15 section, an individual shall be considered to have been a

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16 Member of Congress or an employee of the Congress during 17 any calendar year if he served in such position for more than 18 six months during the calendar year.

“(g) As used in this section the term20

“(1) 'income' means income from whatever source

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(2) 'security' means security as defined in section

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2 of the Securities Act of 1933, as amended (15 U.S.C.

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77b);

“(3) 'commodity' means commodity as defined in

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section 2 of the Commodity Exchange Act, as amended

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(7 U.S.C. 2);

“(4) Member of Congress' means a Senator, a

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Representative, a Resident Commissioner, or a Delegate;

“(5) 'employee of the Congress' means à congressional employee, as defined in paragraph (1), (2), (3), or (5) of section 2107 of title 5, United States Code, who is compensated at a rate in excess of $18,000

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per year;

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“(6) 'immediate family' means the child, parent,

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grandparent, brother, or sister of an individual, and

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the spouse of such persons; and

(7) 'candidate for Congress' means any individual who is a candidate of a political party in a pri

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mary or general election for the office of Senator or

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Representative, Resident Commissioner or Delegate in the House of Representatives.”.

(b) The table of sections for such chapter 11 is amended by adding at the end thereof the following item:

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“225. Disclosure of financial interests by Members of Congress, candidates

for Congress, and certain congressional employees.”.

20 (c) The chapter analysis for title 18, United States 21 Code, is amended by striking out the item relating to chap22 ter 11 and inserting in lieu thereof the following:

“11. Bribery, graft, and conflicts of interest.”.

95TH CONGRESS

1st SEASON

H. R. 946

IN THE HOUSE OF REPRESENTATIVES

JANUARY 4, 1977 Mr. KASTENMEIER (for himself, Mr. RAILSBACK, Mr. ASHLEY, Mr. AuCoin,

Mr. BADILLO, Mr. BALDUS, Mr. Baucus, Mr. BONKER, Mr. BRODHEAD, Mr. John L. BURTON, Mr. PHILLIP BURTON, Mr. Carr, Mrs. CHISHOLM, Mr. EDGAR, Mr. EMERY, Mr. FORD of Tennessee, Mr. FRASER, Mr. GILMAN, Mr. GRADISON, Mr. HannAFORD, Mr. HARKIN, Mr. HARRINGTON, Mr. HiLLIS, Mr. HUGHES, and Mr. JENRETTE) 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 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 section 3, any employec 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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Commission;

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(7) the term “immediate family” means

(A) the sponse of an individual,

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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 terin "Member of Congress” means a

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Senator, a Representative, a Resident Commissioner, or a Delegate;

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(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 in

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dividual 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

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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);

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

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