H. R. 2128
IN THE HOUSE OF REPRESENTATIVES
April 27, 2009
Mr. Souder (for himself and Mr. Ellsworth) introduced the following bill; which was 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
To amend the Ethics in Government Act of 1978 to require information on the value of any personal residence and on the balance, interest rate, and remaining number of years of any mortgage secured by real property to be included in the annual financial disclosure reports required to be filed under such Act.
This Act may be cited as the
Financial Disclosure Integrity Act.
Inclusion of Information on Personal Residences in Annual Financial Disclosure Reports
Inclusion of Information on Mortgages
Section 102(a)(4) of the Ethics in Government Act of 1978 (5
U.S.C. App. 102(a)(4)) is amended by striking
excluding— and all
that follows through
which secures it and inserting the
excluding any loan secured by a personal motor vehicle,
household furniture, or appliances, which loan does not exceed the purchase
price of the item which secures it.
Section 102(a)(4) of such Act (5 U.S.C. App.
102(a)(4)) is amended by adding at the end the following:
In the case of
a liability consisting of a mortgage secured by real property, the information
required to be reported under this paragraph shall also include the interest
rate applicable to payments made on the mortgage during the preceding calendar
year and the number of years (or portion thereof) remaining on the
Inclusion of Information on Value of Property
Section 102(a)(5)(A) of such Act
(5 U.S.C. App. 102(a)(5)(A)) is amended by striking
, other than
property used solely as a personal residence of the reporting individual or his
The amendments made by section 2 shall apply with respect to reports required to be filed under section 101 of the Ethics in Government Act of 1978 on or after January 1, 2010.