[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3827 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 3827

 To modify reporting value categories for financial disclosure reports 
       required under chapter 131 of title 5, United States Code.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 11, 2026

   Mr. Schiff (for himself, Mrs. Gillibrand, Mr. Blumenthal, and Mr. 
   Merkley) introduced the following bill; which was read twice and 
referred to the Committee on Homeland Security and Governmental Affairs

_______________________________________________________________________

                                 A BILL


 
 To modify reporting value categories for financial disclosure reports 
       required under chapter 131 of title 5, United States Code.

    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 Modernization 
Act''.

SEC. 2. DIVIDENDS, RENTS, INTEREST, AND CAPITAL GAINS.

    Section 13104(a)(1)(B) of title 5, United States Code, is amended--
            (1) in clause (viii), by striking ``or''; and
            (2) by striking clause (ix) and inserting the following:
                            ``(ix) greater than $5,000,000 but not more 
                        than $25,000,000;
                            ``(x) greater than $25,000,000 but not more 
                        than $100,000,000;
                            ``(xi) greater than $100,000,000 but not 
                        more than $500,000,000;
                            ``(xii) greater than $500,000,000 but not 
                        more than $1,000,000,000; or
                            ``(xiii) greater than $1,000,000,000.''.

SEC. 3. CATEGORIES FOR REPORTING AMOUNTS OR VALUES.

    Section 13104(d)(1) of title 5, United States Code, is amended--
            (1) in subparagraph (I), by striking ``and''; and
            (2) by striking subparagraph (J) and inserting the 
        following:
                    ``(J) greater than $50,000,000 but not more than 
                $100,000,000;
                    ``(K) greater than $100,000,000 but not more than 
                $250,000,000;
                    ``(L) greater than $250,000,000 but not more than 
                $500,000,000;
                    ``(M) greater than $500,000,000 but not more than 
                $1,000,000,000; and
                    ``(N) greater than $1,000,000,000.''.

SEC. 4. EFFECTIVE DATE.

    The amendments made by this Act shall apply with respect to 
financial disclosure reports under chapter 131 of title 5, United 
States Code, that are required to be filed on or after the date of the 
enactment of this Act.
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