[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7126 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7126

  To amend the Ethics in Government Act of 1978 to require Members of 
    Congress to file the reports on transactions in stocks, bonds, 
 commodities futures, and other forms of securities which are required 
    under such Act not later than 7 days after the transactions are 
                   completed, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 17, 2022

 Mr. Grothman introduced the following bill; which was referred to the 
                   Committee on House Administration

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                                 A BILL


 
  To amend the Ethics in Government Act of 1978 to require Members of 
    Congress to file the reports on transactions in stocks, bonds, 
 commodities futures, and other forms of securities which are required 
    under such Act not later than 7 days after the transactions are 
                   completed, and for other purposes.

    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 ``Member Financial Transparency Act''.

SEC. 2. 7-DAY DEADLINE FOR MEMBERS OF CONGRESS TO FILE REPORTS ON 
              TRANSACTIONS IN SECURITIES.

    (a) Modification of Deadline for Members To File Reports.--Section 
103(l) of the Ethics in Government Act of 1978 (5 U.S.C. App. 103(l)) 
is amended by striking ``in no case later than 45 days after such 
transaction'' and inserting ``in no case later than 45 days after such 
transaction (or, in the case of a Member of Congress, in no case later 
than 7 days after such transaction)''.
    (b) Modification of Deadline for Clerk of the House and Secretary 
of the Senate To Make Reports Public.--Section 105(b)(1) of such Act (5 
U.S.C. App. 105(b)(1)) is amended by striking ``within thirty days'' 
and inserting ``within 30 days (or, in the case of a report of a 
transaction required to be reported under section 102(a)(5)(B) which is 
filed by a Member of Congress, within 10 days)''.
    (c) Effective Date.--The amendments made by this section shall 
apply with respect to transactions occurring on or after the date of 
the enactment of this Act.
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