[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6563 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6563

To amend the Ethics in Government Act of 1978 to require information on 
the value of any personal residence and on the balance, interest rate, 
and remaining number of years of any mortgage secured by real property 
 to be included in the annual financial disclosure reports required to 
                        be filed under such Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 22, 2008

  Mr. Souder introduced the following bill; which was referred to the 
 Committee on Oversight and Government Reform, and in addition to the 
 Committees on House Administration and Judiciary, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
To amend the Ethics in Government Act of 1978 to require information on 
the value of any personal residence and on the balance, interest rate, 
and remaining number of years of any mortgage secured by real property 
 to be included in the annual financial disclosure reports required to 
                        be filed under such Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Financial Disclosure Integrity 
Act''.

SEC. 2. INCLUSION OF INFORMATION ON PERSONAL RESIDENCES IN ANNUAL 
              FINANCIAL DISCLOSURE REPORTS.

    (a) Inclusion of Information on Mortgages.--
            (1) Amounts owed.--Section 102(a)(4) of the Ethics in 
        Government Act of 1978 (5 U.S.C. App. 102(a)(4)) is amended by 
        striking ``excluding--'' and all that follows through ``which 
        secures it'' and inserting the following: ``excluding any loan 
        secured by a personal motor vehicle, household furniture, or 
        appliances, which loan does not exceed the purchase price of 
        the item which secures it''.
            (2) Additional information.--Section 102(a)(4) of such Act 
        (5 U.S.C. App. 102(a)(4)) is amended by adding at the end the 
        following: ``In the case of a liability consisting of a 
        mortgage secured by real property, the information required to 
        be reported under this paragraph shall also include the 
        interest rate applicable to payments made on the mortgage 
        during the preceding calendar year and the number of years (or 
        portion thereof) remaining on the mortgage.''.
    (b) Inclusion of Information on Value of Property.--Section 
102(a)(5)(A) of such Act (5 U.S.C. App. 102(a)(5)(A)) is amended by 
striking ``, other than property used solely as a personal residence of 
the reporting individual or his spouse''.

SEC. 3. EFFECTIVE DATE.

    The amendments made by section 2 shall apply with respect to 
reports required to be filed under section 101 of the Ethics in 
Government Act of 1978 on or after January 1, 2009.
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