Financial Disclosure Update Bill

Official: Financial Disclosure Modernization Act

IntroducedFebruary 11, 2026

Why This Matters

This bill updates the rules for how certain financial disclosures are reported, making it easier to understand large financial interests. It aims to enhance transparency in financial reporting for public officials and others required to file these reports.

If you are a public official, you will need to report your financial interests in more detailed categories.

Affects: This bill affects public officials and individuals required to file financial disclosure reports.

What changes is this bill making?

1. This bill changes how financial disclosures are reported for certain amounts. 2. It adds new categories for reporting income from dividends, rents, interest, and capital gains. 3. The new categories include ranges for amounts over $5 million up to over $1 billion. 4. These changes aim to provide clearer information about large financial interests. 5. The updates will apply to reports filed after the bill becomes law.

Who is affected?

This bill affects public officials and individuals required to file financial disclosure reports.