Bill · H.R. 7508· House(119-HR-7508)
Financial Disclosure Modernization Act
- Introduced
- 2/11/2026
- Last activity
- 2/11/2026 — Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and the 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.
- Sponsored by
- Dave Min
- Cosponsors
- - 3 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "Financial Disclosure Modernization Act," aims to modify reporting value categories for financial disclosure reports required under chapter 131 of title 5, United States Code. It updates the specific ranges used for reporting dividends, rents, interest, and capital gains. The Act also modifies the categories used for reporting certain amounts or values. These changes apply to financial disclosure reports filed on or after the date the Act is enacted.
Yes· 3 of 4
Does this make what the government does easier for the public to see?+3
The bill updates the value categories for financial disclosure reports to provide more precise reporting of large assets and income.
Would people with substantial wealth be better off under this?+1
The updated categories may streamline how extremely large holdings are reported on disclosure forms.
Would the very wealthiest people be better off under this?+1
The bill modifies the upper-tier reporting brackets for very large amounts and values.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Updated Financial Reporting Ranges: The bill modifies the value categories for reporting dividends, rents, interest, and capital gains (Section 2), and updates categories for reporting amounts or values (Section 3). This updates the structure of financial disclosure reports required under chapter 131 of title 5, United States Code.
Potential Negative Impacts for People
- No specific negative impacts are mentioned in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Billionaires+1Good For High Net Worth Individuals+1Good For Ultra High Net Worth Individuals+1
- Governance And Ideology
- Improves Government Transparency+3
- 2/11/2026
- Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, and the 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.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Maxine DexterDemocrat · Oregon
Eleanor NortonDemocrat · District of Columbia
Paul TonkoDemocrat · New York