This bill aims to increase transparency by requiring senior officials to disclose payments from the government and banning stock trading. It helps ensure that public officials are held accountable for their financial dealings.
If you are a senior government official, you will need to report any payments you receive from the federal government.
Who this affects
Senior government officials · Members of Congress · Congress staff
What changes is this bill making?
1This bill requires senior government officials to report payments they receive from the federal government.
2It improves how financial disclosures are filed by members of Congress and their staff.
3The bill bans stock trading for certain high-ranking government officials.
4Officials must report any covered payments within 30 to 45 days of receiving them.
5Failure to report can result in a fine of $5,000.
