Sponsors (4)
The bill improves transparency and oversight by creating finer reporting categories and clear forward-effective disclosure rules, while trading off increased implementation costs, short-term data-comparability issues, and greater scrutiny/privacy and compliance burdens for some federal employees.
Federal employees who file financial disclosures and agencies reporting contracts will report using more granular income/asset and contract-value bands, improving transparency and enabling ethics officials and agency managers to target reviews and oversight to higher-value cases.
Watchdogs, Congress, and the public will be better able to identify concentrations of federal spending and monitor patterns across finer value categories, strengthening external accountability.
Individuals required to file financial disclosure reports get clear, forward‑effective rules on how to report going forward and are protected from retroactive changes to past filings, reducing legal uncertainty about prior disclosures.
OPM and federal agencies must update reporting systems, forms, guidance, and training to implement new categories, imposing nontrivial administrative and IT costs and staff time to make the changes.
Federal employees in higher reporting brackets will face increased scrutiny and administrative burden to comply with finer categories, and narrower bands may raise privacy concerns by making wealthy employees' finances easier to classify.
Some individuals required to file may need to adjust to new disclosure rules on short notice, creating potential compliance pressure for upcoming filings.
Based on analysis of 4 sections of legislative text.
Adds finer, higher-value dollar brackets to federal financial disclosure reporting ranges and applies them to reports filed on or after enactment.
Official title: To modify reporting value categories for financial disclosure reports required under chapter 131 of title 5, United States Code.
Introduced February 11, 2026 by Dave Min · Last progress February 11, 2026
Revises federal financial disclosure dollar ranges to add more and higher-value reporting categories for income, dividends, interest, rents, capital gains, and asset/value thresholds. The changes create finer-grained brackets (including multiple multi-million and multi-hundred-million ranges) and apply to reports required to be filed on or after enactment.