FAQs About Financial Disclosure

Q. When is my Financial Disclosure Statement due?

A. For Members and senior staff, statements are due annually on May 15. For information regarding the due dates for Candidates, new Members senior staff, and termination filers, see the Committee’s Instructions for Completing Financial Disclosure Statements and Periodic Transaction Reports, at pp. 2-6.

Q. Can I get an extension?

A. Generally, yes for Financial . Such requests must be made in writing and must be received by the Committee prior to when the Financial Disclosure Statement is due. Extension request forms are available in the electronic filing system, found at https://fd.house.gov, or on the "Information and Forms" page under the Financial Disclosure tab of this website.  No extensions of the filing time limits are allowed for Periodic Transaction Reports.

Q. Will the Committee review, or "pre-screen" my Financial Disclosure Statement   before I file to make sure I have filled it out correctly?

A. Yes, as resources permit. Call 202-225-7103 for more information.

 

Electronic Filing System 

The Clerk of House has created an internet-based electronic filing system that a filer can log onto at https://fd.house.gov.  Filers either will receive or have received an e-mail from “FD Accounts” with their login information.  The Committee strongly recommends using the electronic filing system to complete Financial Disclosure Statements and Periodic Transaction Reports.  Doing so will reduce errors and greatly simplify future filing.  If you believe you are a required filer and have not received login information or if you are having problems with the electronic filing system, please contact the Legislative Resource Center at (202) 226-5200 for assistance.

Annual Filing

The Ethics in Government Act requires Members, officers, and certain employees of the U.S. House of Representatives and related offices to file annual Financial Disclosure Statements with the Clerk of the House.  The next annual Financial Disclosure Statement will cover 2013 and must be filed on or before May 15, 2014.

Periodic Transaction Report Filing

The Ethics in Government Act as amended by the STOCK Act requires Members, officers, and certain employees of the U.S. House of Representatives and related offices to file Periodic Transaction Reports (PTRs) with the Clerk of the House. In general, filers must report on a PTR each purchase, sale, or exchange transaction involving stocks, bonds, or other securities made by the filer (or for an asset the filer owns jointly with another person) when the amount of the transaction exceeds $1,000.  A PTR is due within 30 days of you receiving notice of the transaction, but not more than 45 days after the transaction.  For sales transactions, the $1,000 threshold is based on the total dollar value of the transaction, not the gain or loss made on the sale.  Transactions in widely-held investments (for example, mutual funds and ETFs) are excluded from the reporting requirement, as well as any asset that is not required to be reported on your annual FD Statement.  If you do not have reportable transactions, then no report is required.

Termination Filing

Most Members, officers and employees who are otherwise required to file Financial Disclosure Statements must file a termination report within 30 days of the termination of their employment with the House.  However, if the Member, officer, or employee has accepted another position in the federal government which requires the filing of a public financial disclosure statement, that person will not need to file a termination report, but will need to alert the Clerk of the House of Representatives in writing by filing the Termination Exemption Form.  

New Employee Filing

 A new officer or employee of the Legislative Branch must file a Form B Financial Disclosure Statement within 30 day of assuming the new job if the employee has a starting salary at the above GS-15 rate or greater ($120,749 for 2014).  If the Officer or employee is joining the House from another position in the federal government which required the filing of a public financial disclosure statement, and that person had a break in service of 30 days or less, that person will not need to file a new employee report, but will need to alert the Clerk of the House of Representatives in writing by filing the New Employee Reporting Exemption Form

Congressional Candidates

Individuals are required to file a Financial Disclosure Statement once they “qualify” as a candidate by raising or spending more than $5,000 in a campaign for election to the House of Representatives. Both the office-seeker’s own funds and contributions from third parties count towards the threshold. An individual who never raises or spends more than $5,000 has no financial disclosure obligations with the House, even if that person’s name appears on an election ballot. All individuals who do meet this definition must file each year that they continue to be candidates. The deadline for filing the Financial Disclosure Statement depends on whether you qualify as a candidate in an election or non-election year.

If you qualify as a candidate during an election (generally an even-numbered) year, then you must file a Financial Disclosure Statement within 30 days of becoming a candidate or May 15 of that year, whichever is later. There are two exceptions to this general rule: First, a qualifying candidate must file no later than 30 days before any election (including primaries) in which the individual is participating. Thus, if you become a candidate on January 5 in an election year and the primary is on April 22, the report is due by March 23 (no later than 30 days before the election). Second, if a candidate crosses the $5,000 threshold within the 30-day period prior to an election, the candidate must file the Financial Disclosure Statement immediately after he or she raises or spends more than $5,000. Candidates in a special election also follow this filing rule.

If you qualify during a non-election (generally an odd-numbered) year, then you must file a Financial Disclosure Statement within 30 days of becoming a candidate or May 15 of that year, whichever is later.  You are then required to file a subsequent Statement on May 15 of the following year if you are still a candidate on that date. If you lose a primary election before May 15, then you are not required to file the Statement.

Withdraw

A candidate who takes action that is recognized under applicable state law as legally sufficient to withdraw as a candidate before the date on which his or her Financial Disclosure Statement is due need not file a Statement.  You must, however, notify the Clerk of the House in writing that you withdrew your candidacy prior to your filing deadline.  You may notify the Clerk by using the form in the electronic filing system or by using the “Withdraw/Under $5,000 Threshold Declaration Form” found at the link below.

Under $5,000 Threshold

If you receive a notice to file a Statement before you have raised or spent more than $5,000 on the campaign, you should notify the Clerk of the House in writing that the campaign has not yet crossed the $5,000 threshold.  Once you cross the $5,000 threshold, you are obligated to file the Financial Disclosure Statement, within 30 days in most cases.  Candidates who never exceed the $5,000 threshold are not required to file a Financial Disclosure Statement.  You may notify the Clerk by using the form in the electronic filing system or by using the“Withdraw/Under $5,000 Threshold Declaration Form” found at the link below.

Late Filing Fee

A $200 late filing fee shall be assessed against any individual who files more than 30 days after the due date of a report or amendment (or the due date of any extension).  

Extensions

Please use the form in the electronic filing system or the form at the link below to request an extension of time to file your financial disclosure statement:

 

Assistance Filling Out These Forms

 

If you have questions concerning the reporting requirements or how to fill out your Financial Disclosure Statement, write or call the Committee on Ethics, 1015 Longworth House Office Building, Washington, D.C. 20515-6328, 202-225-7103.

Pre-Screening: The Committee's staff is also available to review forms in advance of filing for Members and other filers.

 

Other Useful Information

Extra copies of the forms (Form A for Members, Officers and Employees; Form B for Congressional Candidates and New Members and Employees) and instruction booklet can be picked up at the Legislative Resource Center.

Please note:  The Legislative Resource Center has moved to 135 Cannon House Office Building.

 

For further guidance regarding Financial Disclosure Statements, click here.