Requires wealthy government officials to report financial details in smaller categories
This bill would require certain government officials and employees to report their high-value income and assets using more specific categories. Currently, large amounts are grouped into broad categories, but this bill would break those down into several smaller ranges, making financial disclosures more detailed. These changes would take effect for reports filed after the bill becomes law.
Today, individuals filing financial disclosure reports group all income from dividends, rents, interest, and capital gains above $5 million into one category. Other assets or values above $50 million are also grouped into a single category. If this bill passes, these individuals would need to report those high-value amounts using five new, more detailed categories, extending up to amounts greater than $1 billion.
HR 7508 · 119th Congress · February 11, 2026 · AI Summary by gemini-2.5-flash · 9/10
Sign in to see your representatives' phone numbers
1 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.