Financial Disclosure Modernization Act

119 S3827 IS: Financial Disclosure Modernization Act U.S. Senate 2026-02-11 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 2d Session S. 3827 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. 1. Short title This Act may be cited as the Financial Disclosure Modernization Act . 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. . 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. . 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.