Financial Disclosure Modernization Act (S. 3827)

Summary

The Financial Disclosure Modernization Act is a bill introduced in the U.S. Senate on February 11, 2026. The main purpose of the bill is to modify the reporting value categories for financial disclosure reports required under Chapter 131 of Title 5 of the United States Code.

Key Provisions:

1. Expanded Reporting Categories for Dividends, Rents, Interest, and Capital Gains: The bill amends Section 13104(a)(1)(B) of Title 5 to expand the reporting value categories for these types of income from 9 categories to 13 categories, with the highest category being "greater than $1,000,000,000."

2. Expanded Reporting Categories for Asset Values: The bill amends Section 13104(d)(1) of Title 5 to expand the reporting categories for asset values from 10 categories to 13 categories, with the highest category being "greater than $1,000,000,000."

Impact:

• The bill would affect the financial disclosure reporting requirements for government officials and employees covered under Chapter 131 of Title 5.
• The expanded reporting categories are intended to provide more granular detail and transparency around the income and asset values of those required to file financial disclosure reports.
• The changes are expected to take effect for financial disclosure reports filed on or after the date of the bill's enactment.

Procedural Aspects:

• The bill was introduced in the Senate on February 11, 2026 and has been referred to the Committee on Homeland Security and Governmental Affairs.
• As an introduced bill, it will need to go through the full legislative process, including potential committee consideration, floor votes in both the Senate and House, and signing by the President, before becoming law.