    [Constitution, Jefferson's Manual, and the Rules of the House of Representatives, 108th Congress]
    [108th Congress]
    [House Document 107-284]
    [Rules of the House of Representatives]
    [Pages 915-939]
    [From the U.S. Government Publishing Office, www.gpo.gov]

                                    Rule XXVI

                              financial disclosure

    [[Page 916]]

    have them printed as a House document, which shall be made available to
    the public.

    Sec. 1103. Financial report disclosing certain financial
    interests.

      1.  The Clerk shall send a copy of each report filed with the
    Clerk under title I of the Ethics in Government Act of 1978 within the
    seven-day period beginning on the date on which the report is filed to
    the Committee on Standards of Official Conduct. By August 1 of each
    year, the Clerk shall compile all such reports sent to him by Members
    within the period beginning on January 1 and ending on June 15 of each
    year and

      2. For the purposes of this rule, the provisions of title I of the
    Ethics in Government Act of 1978 shall be considered Rules of the House
    as they pertain to Members, Delegates, the Resident Commissioner,
    officers, and employees of the House.

      The original version of this rule (former rule XLIV) was adopted in
    the 90th Congress, in the same resolution that redefined the
    jurisdiction of the Committee on Standards of Official Conduct (H. Res.
    1099, Apr. 3, 1968, p. 8803). In the 91st Congress the rule was amended,
    effective for years after 1970, to require public disclosure of: (1)
    honoraria from a single source totaling $300 or more; and (2) each
    creditor to whom was owed an unsecured loan or other indebtedness of
    $10,000 or more outstanding for at least 90 days in the preceding
    calendar year (H. Res. 796, May 26, 1970, p. 17019). It was further
    amended in the 92d Congress to bring the Delegates and Resident
    Commissioner within the definition of ``Members'' in the final sentence
    of the rule (H. Res. 5, Jan. 22, 1971, p. 144; H. Res. 1153, Oct. 13,
    1972, pp. 36021-23), and was amended in the 95th Congress to delete an
    obsolete reference (H. Res. 5, Jan. 4, 1977, pp. 53-70). The rule was
    completely amended in the 95th Congress, effective July 1, 1977, to: (1)
    broaden the sources and minimum amounts of income reported; (2) require
    reports to be filed with the Clerk as well as with the Committee on
    Standards of Official Conduct; and (3) make reports available to the
    public as printed House documents rather than having them maintained in
    the Committee on Standards of Official Conduct (H. Res. 287, Mar. 2,
    1977, pp. 5933-53). The rule was again amended in the 96th Congress to
    incorporate by reference the relevant provisions of title I of the
    Ethics in Government Act of 1978 as they pertain to Members, officers,
    and employees of the House of Representatives (H. Res. 5, Jan. 15, 1979,
    pp. 7-16). Clause 1 was amended by the Ethics Reform Act of 1989 to make
    conforming changes in certain dates (P.L. 101-194). Before the House
    recodified its rules in the 106th Congress, this provision was found in
    former rule XLIV (H. Res. 5, Jan. 6, 1999, p. ----). This rule was
    redesignated as rule XXVI in the 107th Congress (sec. 2(s), H. Res. 5,
    Jan. 3, 2001, p. ----).

      For an in-depth discussion of this rule prepared by the Committee on
    Standards of Official Conduct, see the House Ethics Manual (102d Cong.,
    2d Sess.).

    [[Page 917]]

      Pertinent provisions of title I of the Ethics in Government Act of
    1978 (5 U.S.C. App. 101-111) follow:

         Title I--Financial Disclosure Requirements of Federal Personnel

                            persons required to file

      Sec. 101. (a) Within thirty days of assuming the position of an
    officer or employee described in subsection (f), an individual shall
    file a report containing the information described in section 102(b)
    unless the individual has left another position described in subsection
    (f) within thirty days prior to assuming such new position or has
    already filed a report under this title with respect to nomination for
    the new position or as a candidate for the position.

                                      * * *

      (c) Within thirty days of becoming a candidate as defined in section
    301 of the Federal Campaign Act of 1971, in a calendar year for
    nomination or election to the Office of President, Vice
    President, or Member of Congress, or on or before May 15 of that
    calendar year, whichever is later, but in no event later than 30 days
    before the election, and on or before May 15 of each successive year an
    individual continues to be a candidate, an individual other than an
    incumbent President, Vice President, or Member of Congress shall file a
    report containing the information described in section 102(b).
    Notwithstanding the preceding sentence, in any calendar year in which an
    individual continues to be a candidate for any office but all elections
    for such office relating to such candidacy were held in prior calendar
    years, such individual need not file a report unless he becomes a
    candidate for another vacancy in that office or another office during
    that year.

      (d) Any individual who is an officer or employee described in
    subsection (f) during any calendar year and performs the duties of his
    position or office for a period in excess of sixty days in that calendar
    year shall file on or before May 15 of the succeeding year a report
    containing the information described in section 102(a).

      (e) Any individual who occupies a position described in subsection (f)
    shall, on or before the thirtieth day after termination of employment in
    such position, file a report containing the information described in
    section 102(a) covering the preceding calendar year if the report
    required by subsection (d) has not been filed and covering the portion
    of the calendar year in which such termination occurs up to the date the
    individual left such office or position, unless such individual has
    accepted employment in another position described in subsection (f).

      (f) The officers and employees referred to in subsections (a), (d),
    and (e) are-- * * *

      (9) a Member of Congress as defined under section 109(12);

      (10) an officer or employee of the Congress as defined under section
    109(13);

    [[Page 918]]

                                      * * *

      (g)(1) Reasonable extensions of time for filing any report may be
    granted under procedures prescribed by the supervising ethics office for
    each branch, but the total of such extensions shall not exceed ninety
    days. * * *

      (h) The provisions of subsections (a), (b), and (e) shall not apply to
    an individual who, as determined by the designated agency ethics
    official or Secretary concerned (or in the case of a Presidential
    appointee under subsection (b), the Director of the Office of Government
    Ethics), the congressional ethics committees, or the Judicial
    Conference, is not reasonably expected to perform the duties of his
    office or position for more than sixty days in a calendar year, except
    that if such individual performs the duties of his office or position
    for more than sixty days in a calendar year--

              (1) the report required by subsections (a) and (b) shall be

            filed within fifteen days of the sixtieth day, and

              (2) the report required by subsection (e) shall be filed as

            provided in such subsection.

      (i) The supervising ethics office for each branch may grant a publicly
    available request for a waiver of any reporting requirement under this
    section for an individual who is expected to perform or has performed
    the duties of his office or position less than one hundred and thirty
    days in a calendar year, but only if the supervising ethics office
    determines that--

              (1) such individual is not a full-time employee of the

            Government,

              (2) such individual is able to provide services specially

            needed by the Government,

              (3) it is unlikely that the individual's outside employment or

            financial interests will create a conflict of interest, and

              (4) public financial disclosure by such individual is not

            necessary in the circumstances.

                               contents of reports

      Sec. 102. (a) Each report filed pursuant to section 101 (d) and (e)
    shall include a full and complete statement with respect to the
    following:

      (1)(A) The source, type, and amount or value of income (other than
    income referred to in subparagraph (B)) from any source (other than from
    current employment by the United States Government), and the source,
    date, and amount of honoraria from any source, received during the
    preceding calendar year, aggregating $200 or more in value and,
    effective January 1, 1991, the source, date, and amount of payments made
    to charitable organizations in lieu of honoraria, and the reporting
    individual shall simultaneously file with the applicable supervising
    ethics office, on a confidential basis, a corresponding list of
    recipients of all such payments, together with the dates and amounts of
    such payments.

    [[Page 919]]

      (B) The source and type of income which consists of dividends, rents,
    interest, and capital gains, received during the preceding calendar year
    which exceeds $200 in amount or value, and an indication of which of the
    following categories the amount or value of such item of income is
    within:

              (i) not more than $1,000,

              (ii) greater than $1,000 but not more than $2,500,

              (iii) greater than $2,500 but not more than $5,000,

              (iv) greater than $5,000 but not more than $15,000,

              (v) greater than $15,000 but not more than $50,000,

              (vi) greater than $50,000 but not more than $100,000,

              (vii) greater than $100,000 but not more than $1,000,000,

              (viii) greater than $1,000,000 but not more than $5,000,000,

            or

              (ix) greater than $5,000,000.

      (2)(A) The identity of the source, a brief description, and the value
    of all gifts aggregating more than the minimal value as established by
    section 7342(a)(5) of title 5, United States Code, or $250, whichever is
    greater, received from any source other than a relative of the reporting
    individual during the preceding calendar year, except that any food,
    lodging, or entertainment received as personal hospitality of an
    individual need not be reported, and any gift with a fair market value
    of $100 or less, as adjusted at the same time and by the same percentage
    as the minimal value is adjusted, need not be aggregated for purposes of
    this subparagraph.

      (B) The identity of the source and a brief description (including a
    travel itinerary, dates, and nature of expenses provided) of
    reimbursements received from any source aggregating more than the
    minimal value as established by section 7342(a)(5) of title 5, United
    States Code, or $250, whichever is greater, and received during the
    preceding calendar year.

      (C) In an unusual case, a gift need not be aggregated under
    subparagraph (A) if a publicly available request for a waiver is
    granted.

      (3) The identity and category of value of any interest in property
    held during the preceding calendar year in a trade or business, or for
    investment or the production of income, which has a fair market value
    which exceeds $1,000 as of the close of the preceding calendar year,
    excluding any personal liability owed to the reporting individual by a
    spouse, or by a parent, brother, sister, or child of the reporting
    individual or of the reporting individual's spouse, or any deposits
    aggregating $5,000 or less in a personal savings account. For purposes
    of this paragraph, a personal savings account shall include any
    certificate of deposit or any other form of deposit in a bank, savings
    and loan association, credit union, or similar financial institution.

      (4) The identity and category of value of the total liabilities owed
    to any creditor other than a spouse, or a parent, brother, sister, or
    child of the reporting individual or of the reporting individual's
    spouse which exceed $10,000 at any time during the preceding calendar
    year, excluding--

              (A) any mortgage secured by real property which is a personal

            residence of the reporting individual or his spouse; and

              (B) any loan secured by a personal motor vehicle, household

            furniture, or appliances, which loan does not exceed the

    [[Page 920]]

    With respect to revolving charge accounts, only those with an
    outstanding liability which exceeds $10,000 as of the close of the
    preceding calendar year need be reported under this paragraph.
            purchase price of the item which secures it.

      (5) Except as provided in this paragraph, a brief description, the
    date, and category of value of any purchase, sale or exchange during the
    preceding calendar year exceeds $1,000--

              (A) in real property, other than property used solely as a

            personal residence of the reporting individual or his spouse; or

              (B) in stocks, bonds, commodities futures, and other forms of

    Reporting is not required under this paragraph of any transaction solely
    by and between the reporting individual, his spouse, or dependent
    children.
            securities.

      (6)(A) The identity of all positions held on or before the date of
    filing during the current calendar year (and, for the first report filed
    by an individual, during the two-year period preceding such calendar
    year) as an officer, director, trustee, partner, proprietor,
    representative, employee, or consultant of any corporation, company,
    firm, partnership, or other business enterprise, any nonprofit
    organization, any labor organization, or any educational or other
    institution other than the United States. This subparagraph shall not
    require the reporting of positions held in any religious, social,
    fraternal, or political entity and positions solely of an honorary
    nature.

      (B) If any person, other than the United States Government, paid a
    nonelected reporting individual compensation in excess of $5,000 in any
    of the two calendar years prior to the calendar year during which the
    individual files his first report under this title, the individual shall
    include in the report--

              (i) the identity of each source of such compensation; and

              (ii) a brief description of the nature of the duties performed

            or services rendered by the reporting individual for each such

    The preceding sentence shall not require any individual to include in
    such report any information which is considered confidential as a result
    of a privileged relationship, established by law, between such
    individual and any person nor shall it require an individual to report
    any information with respect to any person for whom services were
    provided by any firm or association of which such individual was a
    member, partner, or employee unless such individual was directly
    involved in the provision of such services.
            source.

      (7) A description of the date, parties to, and terms of any agreement
    or arrangement with respect to (A) future employment; (B) a leave of
    absence during the period of the reporting individual's Government
    service; (C) continuation of payments by a former employer other than
    the United States Government; and (D) continuing participation in an
    employee welfare or benefit plan maintained by a former employer.

    [[Page 921]]

    cuted prior to July 24, 1995 and precludes the beneficiary from
    receiving information on the total cash value of any interest in the
    qualified blind trust.
      (8) The category of the total cash value of any interest of the
    reporting individual in a qualified blind trust, unless the trust
    instrument was exe

      (b)(1) Each report filed pursuant to subsections (a), (b), and (c) of
    section 101 shall include a full and complete statement with respect to
    the information required by--

              (A) paragraph (1) of subsection (a) for the year of filing and

            the preceding calendar year,

              (B) paragraphs (3) and (4) of subsection (a) as of the date

            specified in the report but which is less than thirty-one days

            before the filing date, and

              (C) paragraphs (6) and (7) of subsection (a) as of the filing

            date but for periods described in such paragraphs.

      (2)(A) In lieu of filling out one or more schedules of a financial
    disclosure form, an individual may supply the required information in an
    alternative format, pursuant to either rules adopted by the supervising
    ethics office for the branch in which such individual serves or pursuant
    to a specific written determination by such office for a reporting
    individual.

      (B) In lieu of indicating the category of amount or value of any item
    contained in any report filed under this title, a reporting individual
    may indicate the exact dollar amount of such item.

      (c) In the case of any individual described in section 101(e), any
    reference to the preceding calendar year shall be considered also to
    include that part of the calendar year of filing up to the date of the
    termination of employment.

      (d)(1) The categories for reporting the amount or value of the items
    covered in paragraphs (3), (4), (5), and (8) of subsection (a) are as
    follows:

              (A) not more than $15,000;

              (B) greater than $15,000 but not more than $50,000;

              (C) greater than $50,000 but not more than $100,000;

              (D) greater than $100,000 but not more than $250,000;

              (E) greater than $250,000 but not more than $500,000;

              (F) greater than $500,000 but not more than $1,000,000;

              (G) greater than $1,000,000 but not more than $5,000,000;

              (H) greater than $5,000,000 but not more than $25,000,000;

              (I) greater than $25,000,000 but not more than $50,000,000;

            and

              (J) greater than $50,000,000.

    [[Page 922]]

    of specifying a category of value pursuant to paragraph (1) of this
    subsection. If the current value of any other item required to be
    reported under paragraph (3) of subsection (a) is not ascertainable
    without an appraisal, such individual may list the book value of a
    corporation whose stock is not publicly traded, the net worth of a
    business partnership, the equity value of an individually owned
    business, or with respect to other holdings, any recognized indication
    of value, but such individual shall include in his report a full and
    complete description of the method used in determining such value. In
    lieu of any value referred to in the preceding sentence, an individual
    may list the assessed value of the item for tax purposes, adjusted to
    reflect the market value of the item used for the assessment if the
    assessed value is computed at less than 100 percent of such market
    value, but a full and complete description of the method used in
    determining such assessed value shall be included in the report.
      (2) For the purposes of paragraph (3) of subsection (a) if the current
    value of an interest in real property (or an interest in a real estate
    partnership) is not ascertainable without an appraisal, an individual
    may list (A) the date of purchase and the purchase price of the interest
    in the real property, or (B) the assessed value of the real property for
    tax purposes, adjusted to reflect the market value of the property used
    for the assessment if the assessed value is computed at less than 100
    percent of such market value, but such individual shall include in his
    report a full and complete description of the method used to determine
    such assessed value, instead

      (e)(1) Except as provided in the last sentence of this paragraph, each
    report required by section 101 shall also contain information listed in
    paragraphs (1) through (5) of subsection (a) of this section respecting
    the spouse or dependent child of the reporting individual as follows:

              (A) The source of items of earned income earned by a spouse

            from any person which exceed $1,000 and the source and amount of

            any honoraria received by a spouse, except that, with respect to

            earned income (other than honoraria), if the spouse is self-

            employed in business or a profession, only the nature of such

            business or profession need be reported.

              (B) All information required to be reported in subsection

            (a)(1)(B) with respect to income derived by a spouse or

            dependent child from any asset held by the spouse or dependent

            child and reported pursuant to subsection (a)(3).

              (C) In the case of any gifts received by a spouse or dependent

            child which are not received totally independent of the

            relationship of the spouse or dependent child to the reporting

            individual, the identity of the source and a brief description

            of gifts of transportation, lodging, food, or entertainment and

            a brief description and the value of other gifts.

              (D) In the case of any reimbursements received by a spouse or

            dependent child which are not received totally independent of

            the relationship of the spouse or dependent child to the

            reporting individual, the identity of the source and a brief

            description of each such reimbursement.

              (E) In the case of items described in paragraphs (3) through

            (5) of subsection (a), all information required to be reported

            under these paragraphs other than items (i) which the reporting

            individual certifies represent the spouse's or dependent child's

            sole financial interest or responsibility and which the

            reporting individual has no knowledge of, (ii) which are not in

            any way, past or present, derived from the income, assets, or

    [[Page 923]]

            activities of the reporting individual, and

            (iii) from which the reporting individual neither derives, nor

            expects to derive, any financial or economic benefit.

              (F) For purposes of this section, categories with amounts or

            values greater than $1,000,000 set forth in sections

            102(a)(1)(B) and 102(d)(1) shall apply to the income, assets, or

            liabilities of spouses and dependent children only if the

            income, assets, or liabilities are held jointly with the

            reporting individual. All other income, assets, or liabilities

            of the spouse or dependent children required to be reported

            under this section in an amount or value greater than $1,000,000

            shall be categorized only as an amount or value greater than

    Reports required by subsections (a), (b), and (c) of section 101 shall,
    with respect to the spouse and dependent child of the reporting
    individual, only contain information listed in paragraphs (1), (3), and
    (4) of subsection (a), as specified in this paragraph.
            $1,000,000.

      (2) No report shall be required with respect to a spouse living
    separate and apart from the reporting individual with the intention of
    terminating the marriage or providing for permanent separation; or with
    respect to any income or obligations of an individual arising from the
    dissolution of his marriage or the permanent separation from his spouse.

      (f)(1) Except as provided in paragraph (2), each reporting individual
    shall report the information required to be reported pursuant to
    subsections (a), (b), and (c) of this section with respect to the
    holdings of and the income from a trust or other financial arrangement
    from which income is received by, or with respect to which a beneficial
    interest in principal or income is held by, such individual, his spouse,
    or any dependent child.

      (2) A reporting individual need not report the holdings of or the
    source of income from any of the holdings of--

              (A) any qualified blind trust (as defined in paragraph (3));

              (B) a trust--

                      (i) which was not created directly by such individual,

                    his spouse, or any dependent child, and

                      (ii) the holdings or sources of income of which such

                    individual, his spouse, and any dependent child have no

                    knowledge of; or

              (C) an entity described under the provisions of paragraph (8),

            but such individual shall report the category of the amount of

            income received by him, his spouse, or any dependent child from

            the trust or other entity under subsection (a)(1)(B) of this

            section.

      (3) For purpose of this subsection, the term ``qualified blind trust''
    includes any trust in which a reporting individual, his spouse, or any
    minor or dependent child has a beneficial interest in the principal or
    income, and which meets the following requirements:

              (A)(i) The trustee of the trust and any other entity

            designated in the trust instrument to perform fiduciary duties

            is a financial institution, an attorney, a certified public

    [[Page 924]]

            accountant, a broker, or an investment advisor who--

                      (I) is independent of and not associated with any

                    interested party so that the trustee or other person

                    cannot be controlled or influenced in the administration

                    of the trust by any interested party;

                      (II) is not and has not been an employee of or

                    affiliated with any interested party and is not a

                    partner of, or involved in any joint venture or other

                    investment with, any interested party; and

                      (III) is not a relative of any interested party.

                  (ii) Any officer or employee of a trustee or other entity

                who is involved in the management or control of the trust--

                      (I) is independent of and not associated with any

                    interested party so that such officer or employee cannot

                    be controlled or influenced in the administration of the

                    trust by any interested party;

                      (II) is not a partner of, or involved in any joint

                    venture or other investment with, any interested party;

                    and

                      (III) is not a relative of any interested party.

              (B) Any asset transferred to the trust by an interested party

            is free of any restriction with respect to its transfer or sale

            unless such restriction is expressly approved by the supervising

            ethics office of the reporting individual.

              (C) The trust instrument which establishes the trust provides

            that--

                      (i) except to the extent provided in subparagraph (B)

                    of this paragraph, the trustee in the exercise of his

                    authority and discretion to manage and control the

                    assets of the trust shall not consult or notify any

                    interested party;

                      (ii) the trust shall not contain any asset the holding

                    of which by an interested party is prohibited by any law

                    or regulation;

                      (iii) the trustee shall promptly notify the reporting

                    individual and his supervising ethics office when the

                    holdings of any particular asset transferred to the

                    trust by any interested party are disposed of or when

                    the value of such holding is less than $1,000;

                      (iv) the trust tax return shall be prepared by the

                    trustee or his designee, and such return and any

                    information relating thereto (other than the trust

                    income summarized in appropriate categories necessary to

                    complete an interested party's tax return), shall not be

                    disclosed to any interested party;

                      (v) an interested party shall not receive any report

                    on the holdings and sources of income of the trust,

                    except a report at the end of each calendar quarter with

                    respect to the total cash value of the interest of the

                    interested party in the trust or the net income or loss

                    of the trust or any reports necessary to enable the

    [[Page 925]]

                    interested party to complete an individual tax return re

                    quired by law or to provide the information required by

                    subsection (a)(1) of this section, but such report shall

                    not identify any asset or holding;

                      (vi) except for communications which solely consist of

                    requests for distributions of cash or other unspecified

                    assets of the trust, there shall be no direct or

                    indirect communication between the trustee and an

                    interested party with respect to the trust unless such

                    communication is in writing and unless it relates only

                    (I) to the general financial interest and needs of the

                    interested party (including, but not limited to, an

                    interest in maximizing income or long-term capital

                    gain), (II) to the notification of the trustee of a law

                    or regulation subsequently applicable to the reporting

                    individual which prohibits the interested party from

                    holding an asset, which notification directs that the

                    asset not be held by the trust, or (III) to directions

                    to the trustee to sell all of an asset initially placed

                    in the trust by an interested party which in the

                    determination of the reporting individual creates a

                    conflict of interest or the appearance thereof due to

                    the subsequent assumption of duties by the reporting

                    individual (but nothing herein shall require any such

                    direction); and

                      (vii) the interested parties shall make no effort to

                    obtain information with respect to the holdings of the

                    trust, including obtaining a copy of any trust tax

                    return filed or any information relating thereto except

                    as otherwise provided in this subsection.

              (D) The proposed trust instrument and the proposed trustee is

            approved by the reporting individual's supervising ethics

            office.

              (E) For purposes of this subsection, ``interested party''

            means a reporting individual, his spouse, and any minor or

            dependent child; ``broker'' has the meaning set forth in section

            3(a)(4) of the Securities and Exchange Act of 1934 (15 U.S.C.

            78c(a)(4)); and ``investment adviser'' includes any investment

            adviser who, as determined under regulations prescribed by the

            supervising ethics office, is generally involved in his role as

            such an adviser in the management or control of trusts.

              (F) Any trust qualified by a supervising ethics office before

            the effective date of title II of the Ethics Reform Act of 1989

            shall continue to be governed by the law and regulations in

            effect immediately before such effective date.

      (4)(A) An asset placed in a trust by an interested party shall be
    considered a financial interest of the reporting individual, for the
    purposes of any applicable conflict of interest statutes, regulations,
    or rules of the Federal Government (including section 208 of title 18,
    United States Code), until such time as the reporting individual is
    notified by the trustee that such asset has been disposed of, or has a
    value of less than $1,000.

    [[Page 926]]

    dependent child, or minor child of such a person, if the supervising
    ethics office for such reporting individual finds that--
      (B)(i) The provisions of subparagraph (A) shall not apply with respect
    to a trust created for the benefit of a reporting individual, or the
    spouse,

              (I) the assets placed in the trust consist of a well-

            diversified portfolio of readily marketable securities;

              (II) none of the assets consist of securities of entities

            having substantial activities in the area of the reporting

            individual's primary area of responsibility;

              (III) the trust instrument prohibits the trustee,

            notwithstanding the provisions of paragraphs (3)(C) (iii) and

            (iv) of this subsection, from making public or informing any

            interested party of the sale of any securities;

              (IV) the trustee is given power of attorney, notwithstanding

            the provisions of paragraph (3)(C)(v) of this subsection, to

            prepare on behalf of any interested party the personal income

            tax returns and similar returns which may contain information

            relating to the trust; and

              (V) except as otherwise provided in this paragraph, the trust

            instrument provides (or in the case of a trust established prior

            to the effective date of this Act which by its terms does not

            permit amendment, the trustee, the reporting individual, and any

            other interested party agree in writing) that the trust shall be

            administered in accordance with the requirements of this

            subsection and the trustee of such trust meets the requirements

            of paragraph (3)(A).

                                      * * *

      (5)(A) The reporting individual shall, within thirty days after a
    qualified blind trust is approved by his supervising ethics office, file
    with such office a copy of--

              (i) the executed trust instrument of such trust (other than

            those provisions which relate to the testamentary disposition of

            the trust assets), and

              (ii) a list of the assets which were transferred to such

            trust, including the category of value of each asset as

    This subparagraph shall not apply with respect to a trust meeting the
    requirements for being considered a qualified blind trust under
    paragraph (7) of this subsection.
            determined under subsection (d) of this section.

      (B) The reporting individual shall, within thirty days of transferring
    an asset (other than cash) to a previously established qualified blind
    trust, notify his supervising ethics office of the identity of each such
    asset and the category of value of each asset as determined under
    subsection (d) of this section.

      (C) Within thirty days of the dissolution of a qualified blind trust,
    a reporting individual shall--

              (i) notify his supervising ethics office of such dissolution,

    [[Page 927]]

            and

              (ii) file with such office a copy of a list of the assets of

            the trust at the time of such dissolution and the category of

            value under subsection (d) of this section of each such asset.

      (D) Documents filed under subparagraphs (A), (B), and (C) of this
    paragraph and the lists provided by the trustee of assets placed in the
    trust by an interested party which have been sold shall be made
    available to the public in the same manner as a report is made available
    under section 105 and the provisions of that section shall apply with
    respect to such documents and lists.

      (E) A copy of each written communication with respect to the trust
    under paragraph (3)(C)(vi) shall be filed by the person initiating the
    communication with the reporting individual's supervising ethics office
    within five days of the date of the communication.

      (6)(A) A trustee of a qualified blind trust shall not knowingly and
    willfully, or negligently, (i) disclose any information to an interested
    party with respect to such trust that may not be disclosed under
    paragraph (3) of this subsection; (ii) acquire any holding the ownership
    of which is prohibited by the trust instrument; (iii) solicit advice
    from any interested party with respect to such trust, which solicitation
    is prohibited by paragraph (3) of this subsection or the trust
    agreement; or (iv) fail to file any document required by this
    subsection.

      (B) A reporting individual shall not knowingly and willfully, or
    negligently, (i) solicit or receive any information with respect to a
    qualified blind trust of which he is an interested party that may not be
    disclosed under paragraph (3)(C) of this subsection or (ii) fail to file
    any document required by this subsection.

      (C)(i) The Attorney General may bring a civil action in any
    appropriate United States district court against any individual who
    knowingly and willfully violates the provisions of subparagraph (A) or
    (B) of this paragraph. The court in which such action is brought may
    assess against such individual a civil penalty in any amount not to
    exceed $10,000.

      (ii) The Attorney General may bring a civil action in any appropriate
    United States district court against any individual who negligently
    violates the provisions of subparagraph (A) or (B) of this paragraph.
    The court in which such action is brought may assess against such
    individual a civil penalty in any amount not to exceed $5,000.

      (7) Any trust may be considered to be a qualified blind trust if--

              (A) the trust instrument is amended to comply with the

            requirements of paragraph (3) or, in the case of a trust

            instrument which does not by its terms permit amendment, the

            trustee, the reporting individual, and any other interested

            party agree in writing that the trust shall be administered in

            accordance with the requirements of this subsection and the

            trustee of such trust meets the requirements of paragraph

            (3)(A); except that in the case of any interested party who is a

            dependent child, a parent or guardian of such child may execute

    [[Page 928]]

            the agreement referred to in this subparagraph;

              (B) a copy of the trust instrument (except testamentary

            provisions) and a copy of the agreement referred to in

            subparagraph (A), and a list of the assets held by the trust at

            the time of approval by the supervising ethics office, including

            the category of value of each asset as determined under

            subsection (d) of this section, are filed with such office and

            made available to the public as provided under paragraph (5)(D)

            of this subsection; and

              (C) the supervising ethics office determines that approval of

            the trust arrangement as a qualified blind trust is in the

            particular case appropriate to assure compliance with applicable

            laws and regulations.

      (8) A reporting individual shall not be required to report the
    financial interests held by a widely held investment fund (whether such
    fund is a mutual fund, regulated investment company, pension or deferred
    compensation plan, or other investment fund), if--

              (A)(i) the fund is publicly traded; or

              (ii) the assets of the fund are widely diversified; and

              (B) the reporting individual neither exercises control over

            nor has the ability to exercise control over the financial

            interests held by the fund.

      (g) Political campaign funds, including campaign receipts and
    expenditures, need not be included in any report filed pursuant to this
    title.

      (h) A report filed pursuant to subsection (a), (d), or (e) of section
    101 need not contain the information described in subparagraphs (A),
    (B), and (C) of subsection (a)(2) with respect to gifts and
    reimbursements received in a period when the reporting individual was
    not an officer or employee of the Federal Government.

      (i) A reporting individual shall not be required under this title to
    report--

              (1) financial interests in or income derived from--

                      (A) any retirement system under title 5, United States

                    Code (including the Thrift Savings Plan under subchapter

                    III of chapter 84 of such title); or

                      (B) any other retirement system maintained by the

                    United States for officers or employees of the United

                    States, including the President, or for members of the

                    uniformed services; or

              (2) benefits received under the Social Security Act.

                                filing of reports

    [[Page 929]]

      Sec. 103. (a) Except as otherwise provided in this section, the
    reports required under this title shall be filed by the reporting
    individual with the designated agency ethics official at the agency by
    which he is employed (or in the case of an individual described in
    section 101(e), was employed) or in which he will serve. The date any
    report is received (and the date of receipt of any supplemental report)
    shall be noted on such report by such official.

                                      * * *

      (g) Each supervising Ethics Office shall develop and make available
    forms for reporting the information required by this title.

      (h)(1) The reports required under this title shall be filed by a
    reporting individual with--

              (A)(i)(I) the Clerk of the House of Representatives, in the

            case of a Representative in Congress, a Delegate to Congress,

            the Resident Commissioner from Puerto Rico, an officer or

            employee of the Congress whose compensation is disbursed by the

            Clerk of the House of Representatives, an officer or employee of

            the Architect of the Capitol, the United States Botanic Garden,

            the Congressional Budget Office, the Government Printing Office,

            the Library of Congress, or the Copyright Royalty Tribunal

            (including any individual terminating service, under section

            101(e), in any office or position referred to in this

            subclause), or an individual described in section 101(c) who is

            a candidate for nomination or election as a Representative in

            Congress, a Delegate to Congress, or the Resident Commissioner

            from Puerto Rico;

                                      * * *

              (ii) in the case of an officer or employee of the Congress as

            described under section 101(f)(10) who is employed by an agency

            or commission established in the legislative branch after the

            date of the enactment of the Ethics Reform Act of 1989--

                      (I) the Secretary of the Senate or the Clerk of the

                    House of Representatives, as the case may be, as

                    designated in the statute establishing such agency or

                    commission; or

                      (II) if such statute does not designate such

                    committee, the Secretary of the Senate for agencies and

                    commissions established in even numbered calendar years,

                    and the Clerk of the House of Representatives for

                    agencies and commissions established in odd numbered

                    calendar years;

                                      * * *

              (2) The date any report is received (and the date of receipt

            of any supplemental report) shall be noted on such report by

            such committee.

    [[Page 930]]

      (i) A copy of each report filed under this title by a Member or an
    individual who is a candidate for the Office of Member
    shall be sent by the Clerk of the House of Representatives or Secretary
    of the Senate, as the case may be, to the appropriate State officer
    designated under section 316(a) of the Federal Election Campaign Act of
    1971 of the State represented by the Member or in which the individual
    is a candidate, as the case may be, within the 30-day period beginning
    on the day the report is filed with the Clerk or Secretary.

      (j)(1) A copy of each report filed under this title with the Clerk of
    the House of Representatives shall be sent by the Clerk to the Committee
    on Standards of Official Conduct of the House of Representatives within
    the 7-day period beginning on the day the report is filed.

                                      * * *

      (k) In carrying out their responsibilities under this title with
    respect to candidates for office, the Clerk of the House of
    Representatives and the Secretary of the Senate shall avail themselves
    of the assistance of the Federal Election Commission. The Commission
    shall make available to the Clerk and the Secretary on a regular basis a
    complete list of names and addresses of all candidates registered with
    the Commission, and shall cooperate and coordinate its candidate
    information and notification program with the Clerk and the Secretary to
    the greatest extent possible.

                     failure to file or filing false reports

      Sec. 104. (a) The Attorney General may bring a civil action in any
    appropriate United States district court against any individual who
    knowingly and willfully falsifies or who knowingly and willfully fails
    to file or report any information that such individual is required to
    report pursuant to section 102. The court in which such action is
    brought may assess against such individual a civil penalty in any
    amount, not to exceed $10,000.

      (b) The head of each agency, each Secretary concerned, the Director of
    the Office of Government Ethics, each congressional ethics committee, or
    the Judicial Conference, as the case may be, shall refer to the Attorney
    General the name of any individual which such official or committee has
    reasonable cause to believe has willfully failed to file a report or has
    willfully falsified or willfully failed to file information required to
    be reported.

      (c) The President, the Vice President, the Secretary concerned, the
    head of each agency, the Office of Personnel Management, a congressional
    ethics committee, and the Judicial Conference of the United States, may
    take any appropriate personnel or other action in accordance with
    applicable law or regulation against any individual failing to file a
    report or falsifying or failing to report information required to be
    reported.

      (d)(1) Any individual who files a report required to be filed under
    this title more than 30 days after the later of--

              (A) the date such report is required to be filed pursuant to

            the provisions of this title and the rules and regulations

            promulgated thereunder; or

              (B) if a filing extension is granted to such individual under

            section 101(g), the last day of the filing extension period,

            shall, at the direction of and pursuant to regulations issued by

            the supervising ethics office, pay a filing fee of $200. All

            such fees shall be deposited in the miscellaneous receipts of

            the Treasury. The authority under this paragraph to direct the

    [[Page 931]]

            payment of a filing fee may be delegated by

            the supervising ethics office in the executive branch to other

            agencies in the executive branch.

      (2) The supervising ethics office may waive the filing fee under this
    subsection in extraordinary circumstances.

                     custody of and public access to reports

      Sec. 105. (a) Each agency, each supervising ethics office in the
    executive or judicial branch, the Clerk of the House of Representatives,
    and the Secretary of the Senate shall make available to the public, in
    accordance with subsection (b), each report filed under this title with
    such agency or office or with the Clerk or the Secretary of the Senate.

                                      * * *

      (b)(1) Except as provided in the second sentence of this subsection,
    each agency, each supervising ethics office in the executive or judicial
    branch, the Clerk of the House of Representatives, and the Secretary of
    the Senate shall, within thirty days after any report is received under
    this title by such agency or office or by the Clerk or the Secretary of
    the Senate, as the case may be, permit inspection of such report by or
    furnish a copy of such report to any person requesting such inspection
    or copy. With respect to any report required to be filed by May 15 of
    any year, such report shall be made available for public inspection
    within 30 calendar days after May 15 of such year or within 30 days of
    the date of filing of such a report for which an extension is granted
    pursuant to section 101(g). The agency, office, Clerk, or Secretary of
    the Senate, as the case may be may require a reasonable fee to be paid
    in any amount which is found necessary to recover the cost of
    reproduction or mailing of such report excluding any salary of any
    employee involved in such reproduction or mailing. A copy of such report
    may be furnished without charge or at a reduced charge if it is
    determined that waiver or reduction of the fee is in the public
    interest.

      (2) Notwithstanding paragraph (1), a report may not be made available
    under this section to any person nor may any copy thereof be provided
    under this section to any person except upon a written application by
    such person stating--

              (A) that person's name, occupation and address;

              (B) the name and address of any other person or organization

            on whose behalf the inspection or copy is requested; and

              (C) that such person is aware of the prohibitions on the

    Any such application shall be made available to the public throughout
    the period during which the report is made available to the public.
            obtaining or use of the report.

    [[Page 932]]

    in consultation with United States Marshall Service, that revealing
    personal and sensitive information could endanger that individual.
      (3)(A) This section does not require the immediate and unconditional
    availability of reports filed by an individual described in section
    109(8) or 109(10) of this Act if a finding is made by the Judicial
    Conference,

      (B) A report may be redacted pursuant to this paragraph only--

              (i) to the extent necessary to protect the individual who

            filed the report; and

              (ii) for as long as the danger to such individual exists.

      (C) The Administrative Office of the United States Courts shall submit
    to the Committees on the Judiciary of the House of Representatives and
    of the Senate an annual report with respect to the operation of this
    paragraph including--

              (i) the total number of reports redacted pursuant to this

            paragraph;

              (ii) the total number of individuals whose reports have been

            redacted pursuant to this paragraph; and

              (iii) the types of threats against individuals whose reports

            are redacted, if appropriate.

      (D) The Judicial Conference, in consultation with the Department of
    Justice, shall issue regulations setting forth the circumstances under
    which redaction is appropriate under this paragraph and the procedures
    for redaction.

      (E) This paragraph shall expire on December 31, 2001, and apply to
    filings through calendar year 2001.

      (c)(1) It shall be unlawful for any person to obtain or use a report--

              (A) for any unlawful purpose;

              (B) for any commercial purpose, other than by news and

            communications media for dissemination to the general public;

              (C) for determining or establishing the credit rating of any

            individual; or

              (D) for use, directly or indirectly, in the solicitation of

            money for any political, charitable, or other purpose.

      (2) The Attorney General may bring a civil action against any person
    who obtains or uses a report for any purpose prohibited in paragraph (1)
    of this subsection. The court in which such action is brought may assess
    against such person a penalty in any amount not to exceed $10,000. Such
    remedy shall be in addition to any other remedy available under
    statutory or common law.

    [[Page 933]]

    shall be destroyed one year after the individual either is no longer
    under consideration by the Senate or is no longer a candidate for
    nomination or election to the Office of President, Vice President, or as
    a Member of Congress, unless needed in an ongoing investigation.

      (d) Any report filed with or transmitted to an agency or supervising
    ethics office or to the Clerk of the House of Representatives or the
    Secretary of the Senate pursuant to this title shall be retained by such
    agency or office or by the Clerk or the Secretary of the Senate, as the
    case may be. Such report shall be made available to the public for a
    period of six years after receipt of the report. After such six-year
    period the report shall be destroyed unless needed in an ongoing
    investigation, except that in the case of an individual who filed the
    report pursuant to section 101(b) and was not subsequently confirmed by
    the Senate, or who filed the report pursuant to section 101(c) and was
    not subsequently elected, such reports

                                review of reports

      Sec. 106. (a)(1) Each designated agency ethics official or Secretary
    concerned shall make provisions to ensure that each report filed with
    him under this title is reviewed within sixty days after the date of
    such filing, except that the Director of the Office of Government Ethics
    shall review only those reports required to be transmitted to him under
    this title within sixty days after the date of transmittal.

      (2) Each congressional ethics committee and the Judicial Conference
    shall make provisions to ensure that each report filed under this title
    is reviewed within sixty days after the date of such filing.

      (b)(1) If after reviewing any report under subsection (a), the
    Director of the Office of Government Ethics, the Secretary concerned,
    the designated agency ethics official, a person designated by the
    congressional ethics committee, or a person designated by the Judicial
    Conference, as the case may be, is of the opinion that on the basis of
    information contained in such report the individual submitting such
    report is in compliance with applicable laws and regulations, he shall
    state such opinion on the report, and shall sign such report.

      (2) If the Director of the Office of Government Ethics, the Secretary
    concerned, the designated agency ethics official, a person designated by
    the congressional ethics committee, or a person designated by the
    Judicial Conference, after reviewing any report under subsection (a)--

              (A) believes additional information is required to be

            submitted, he shall notify the individual submitting such report

            what additional information is required and the time by which it

            must be submitted, or

              (B) is of the opinion, on the basis of information submitted,

            that the individual is not in compliance with applicable laws

            and regulations, he shall notify the individual, afford a

            reasonable opportunity for a written or oral response, and after

            consideration of such response, reach an opinion as to whether

            or not, on the basis of information submitted, the individual is

            in compliance with such laws and regulations.

    [[Page 934]]

    committee be appropriate for assuring compliance with such laws and
    regulations and the date by which such steps should be taken. Such steps
    may include, as appropriate--
      (3) If the Director of the Office of Government Ethics, the Secretary
    concerned, the designated agency ethics official, a person designated by
    a congressional ethics committee, or a person designated by the Judicial
    Conference, reaches an opinion under paragraph (2)(B) that an individual
    is not in compliance with applicable laws and regulations, the official
    or committee shall notify the individual of that opinion and, after an
    opportunity for personal consultation (if practicable), determine and
    notify the individual of which steps, if any, would in the opinion of
    such official or

              (A) divestiture,

              (B) restitution,

              (C) the establishment of a blind trust,

              (D) request for an exemption under section 208(b) of title 18,

            United States Code, or

              (E) voluntary request for transfer, reassignment, limitation

    The use of any such steps shall be in accordance with such rules or
    regulations as the supervising ethics office may prescribe.
            of duties, or resignation.

      (4) If steps for assuring compliance with applicable laws and
    regulations are not taken by the date set under paragraph (3) by an
    individual in a position in the executive branch (other than in the
    Foreign Service or the uniformed services), appointment to which
    requires the advice and consent of the Senate, the matter shall be
    referred to the President for appropriate action.

      (5) If steps for assuring compliance with applicable laws and
    regulations are not taken by the date set under paragraph (3) by a
    member of the Foreign Service or the uniformed services, the Secretary
    concerned shall take appropriate action.

      (6) If steps for assuring compliance with applicable laws and
    regulations are not taken by the date set under paragraph (3) by any
    other officer or employee, the matter shall be referred to the head of
    the appropriate agency, the congressional ethics committee, or the
    Judicial Conference, for appropriate action; except that in the case of
    the Postmaster General or Deputy Postmaster General, the Director of the
    Office of Government Ethics shall recommend to the Governors of the
    Board of Governors of the United States Postal Service the action to be
    taken.

      (7) Each supervising ethics office may render advisory opinions
    interpreting this title within its respective jurisdiction.
    Notwithstanding any other provision of law, the individual to whom a
    public advisory opinion is rendered in accordance with this paragraph,
    and any other individual covered by this title who is involved in a fact
    situation which is indistinguishable in all material aspects, and who
    acts in good faith in accordance with the provisions and findings of
    such advisory opinion shall not, as a result of such act, be subject to
    any penalty or sanction provided by this title.

             confidential reports and other additional requirements

    [[Page 935]]

    section by the officers and employees of any department or agency shall
    be set forth in rules or regulations prescribed by the supervising
    ethics office, and may be less extensive than otherwise required by this
    title, or more extensive when determined by the supervising ethics
    office to be necessary and appropriate in light of sections 202 through
    209 of title 18, United States Code, regulations promulgated thereunder,
    or the authorized activities of such officers or employees. Any
    individual required to file a report pursuant to section 101 shall not
    be required to file a confidential report pursuant to this subsection,
    except with respect to information which is more extensive than
    information otherwise required by this title. Subsections (a), (b), and
    (d) of section 105 shall not apply with respect to any such report.
      Sec. 107. (a)(1) Each supervising ethics office may require officers
    and employees under its jurisdiction (including special Government
    employees as defined in section 202 of title 18, United States Code) to
    file confidential financial disclosure reports, in such form as the
    supervising ethics office may prescribe. The information required to be
    reported under this sub

      (2) Any information required to be provided by an individual under
    this subsection shall be confidential and shall not be disclosed to the
    public.

      (3) Nothing in this subsection exempts any individual otherwise
    covered by the requirement to file a public financial disclosure report
    under this title from such requirement.

      (b) The provisions of this title requiring the reporting of
    information shall supersede any general requirement under any other
    provision of law or regulation with respect to the reporting of
    information required for purposes of preventing conflicts of interest or
    apparent conflicts of interest. Such provisions of this title shall not
    supersede the requirements of section 7342 of title 5, United States
    Code.

      (c) Nothing in this Act requiring reporting of information shall be
    deemed to authorize the receipt of income, gifts, or reimbursements; the
    holding of assets, liabilities, or positions; or the participation in
    transactions that are prohibited by law, Executive order, rule, or
    regulation.

                        authority of comptroller general

      Sec. 108. (a) The Comptroller General shall have access to financial
    disclosure reports filed under this title for the purposes of carrying
    out his statutory responsibilities.

      (b) No later than December 31, 1992, and regularly thereafter, the
    Comptroller General shall conduct a study to determine whether the
    provisions of this title are being carried out effectively.

                                   definitions

      Sec. 109. For the purposes of this title, the term--

      (1) ``congressional ethics committees'' means the Select Committee on
    Ethics of the Senate and the Committee on Standards of Official Conduct
    of the House of Representatives;

      (2) ``dependent child'' means, when used with respect to any reporting
    individual, any individual who is a son, daughter, stepson, or
    stepdaughter and who--

              (A) is unmarried and under age 21 and is living in the

    [[Page 936]]

            household of such reporting individual; or

              (B) is a dependent of such reporting individual within the

            meaning of section 152 of the Internal Revenue Code of 1986;

      (3) ``designated agency ethics official'' means an officer or employee
    who is designated to administer the provisions of this title within an
    agency;

                                      * * *

      (5) ``gift'' means a payment, advance, forbearance, rendering, or
    deposit of money, or any thing of value, unless consideration of equal
    or greater value is received by the donor, but does not include--

              (A) bequest and other forms of inheritance;

              (B) suitable mementos of a function honoring the reporting

            individual;

              (C) food, lodging, transportation, and entertainment provided

            by a foreign government within a foreign country or by the

            United States Government, the District of Columbia, or a State

            or local government or political subdivision thereof;

              (D) food and beverages which are not consumed in connection

            with a gift of overnight lodging;

              (E) communications to the offices of a reporting individual,

            including subscriptions to newspapers and periodicals; or

              (F) consumable products provided by home-State businesses to

            the offices of a reporting individual who is an elected

            official, if those products are intended for consumption by

            persons other than such reporting individual;

      (6) ``honoraria'' has the meaning given such term in section 505 of
    this Act;

      (7) ``income'' means all income from whatever source derived,
    including but not limited to the following items: compensation for
    services, including fees, commissions, and similar items; gross income
    derived from business (and net income if the individual elects to
    include it); gains derived from dealings in property; interest; rents;
    royalties; dividends; annuities; income from life insurance and
    endowment contracts; pensions; income from discharge of indebtedness;
    distributive share of partnership income; and income from an interest in
    an estate or trust;

                                      * * *

      (11) ``legislative branch'' includes--

              (A) the Architect of the Capitol;

              (B) the Botanic Gardens;

              (C) the Congressional Budget Office;

              (D) the General Accounting Office;

              (E) the Government Printing Office;

              (F) the Library of Congress;

              (G) the United States Capitol Police;

    [[Page 937]]

              (H) the Office of Technology Assessment; and

              (I) any other agency, entity, office, or commission

            established in the legislative branch;

      (12) ``Member of Congress'' means a United States Senator, a
    Representative in Congress, a Delegate to Congress, or the Resident
    Commissioner from Puerto Rico;

      (13) ``officer or employee of the Congress'' means--

              (A) any individual described under subparagraph (B), other

            than a Member of Congress or the Vice President, whose

            compensation is disbursed by the Secretary of the Senate or the

            Clerk of the House of Representatives;

              (B)(i) each officer or employee of the legislative branch who,

            for at least 60 days, occupies a position for which the rate of

            basic pay is equal to or greater than 120 percent of the minimum

            rate of basic pay payable for GS-15 of the General Schedule; and

              (ii) at least one principal assistant designated for purposes

            of this paragraph by each Member who does not have an employee

            who occupies a position for which the rate of basic pay is equal

            to or greater than 120 percent of the minimum rate of basic pay

            payable for GS-15 of the General Schedule;

      (14) ``personal hospitality of any individual'' means hospitality
    extended for a nonbusiness purpose by an individual, not a corporation
    or organization, at the personal residence of that individual or his
    family or on property or facilities owned by that individual or his
    family;

      (15) ``reimbursement'' means any payment or other thing of value
    received by the reporting individual, other than gifts, to cover travel-
    related expenses of such individual other than those which are--

              (A) provided by the United States Government, the District of

            Columbia, or a State or local government or political

            subdivision thereof;

              (B) required to be reported by the reporting individual under

            section 7342 of title 5, United States Code; or

              (C) required to be reported under section 304 of the Federal

            Election Campaign Act of 1971 (2 U.S.C. 434);

      (16) ``relative'' means an individual who is related to the reporting
    individual, as father, mother, son, daughter, brother, sister, uncle,
    aunt, great aunt, great uncle, first cousin, nephew, niece, husband,
    wife, grandfather, grandmother, grandson, granddaughter, father-in-law,
    mother-in-law, son-in-law, daughter-in-law, brother-in-law, sister-in-
    law, stepfather, stepmother, stepson, stepdaughter, stepbrother,
    stepsister, half brother, half sister, or who is the grandfather or
    grandmother of the spouse of the reporting individual, and shall be
    deemed to include the fiance or fiancee of the reporting individual;

                                      * * *

    [[Page 938]]

      (18) ``supervising ethics office'' means--

              (A) the Senate Committee on Ethics of the Senate, for

            Senators, officers and employees of the Senate, and other

            officers or employees of the legislative branch required to file

            financial disclosure reports with the Secretary of the Senate

            pursuant to section 103(h) of this title;

              (B) the Committee on Standards of Official Conduct of the

            House of Representatives, for Members, officers and employees of

            the House of Representatives and other officers or employees of

            the legislative branch required to file financial disclosure

            reports with the Clerk of the House of Representatives pursuant

            to section 103(h) of this title;

              (C) the Judicial Conference for judicial officers and judicial

            employees; and

              (D) the Office of Government Ethics for all executive branch

            officers and employees; and

      (19) ``value'' means a good faith estimate of the dollar value if the
    exact value is neither known nor easily obtainable by the reporting
    individual.

            notice of actions taken to comply with ethics agreements

      Sec. 110. (a) In any case in which an individual agrees with that
    individual's designated agency ethics official, the Office of Government
    Ethics, a Senate confirmation committee, a congressional ethics
    committee, or the Judicial Conference, to take any action to comply with
    this Act or any other law or regulation governing conflicts of interest
    of, or establishing standards of conduct applicable with respect to,
    officers or employees of the Government, that individual shall notify in
    writing the designated agency ethics official, the Office of Government
    Ethics, the appropriate committee of the Senate, the congressional
    ethics committee, or the Judicial Conference, as the case may be, of any
    action taken by the individual pursuant to that agreement. Such
    notification shall be made not later than the date specified in the
    agreement by which action by the individual must be taken, or not later
    than three months after the date of the agreement, if no date for action
    is so specified.

      (b) If an agreement described in subsection (a) requires that the
    individual recuse himself or herself from particular categories of
    agency or other official action, the individual shall reduce to writing
    those subjects regarding which the recusal agreement will apply and the
    process by which it will be determined whether the individual must
    recuse himself or herself in a specific instance. An individual shall be
    considered to have complied with the requirements of subsection (a) with
    respect to such recusal agreement if such individual files a copy of the
    document setting forth the information described in the preceding
    sentence with such individual's designated agency ethics official or the
    appropriate supervising ethics office within the time prescribed in the
    last sentence of subsection (a).

                          administration of provisions

    [[Page 939]]

      Sec. 111. The provisions of this title shall be administered by * * *

                                      * * *

      (2) the Select Committee on Ethics of the Senate and the Committee on
    Standards of Official Conduct of the House of Representatives, as
    appropriate, with regard to officers and employees described in
    paragraphs (9) and (10) of section 101(f).

                                      * * *