Termination Reports

Within 30 days of leaving House employment, a reporting individual must file a termination report.48  The termination report covers all financial activity through the person’s last day on the payroll.  An individual who leaves the House to take a federal government position that also requires a public Financial Disclosure Statement need not file a termination report.  Such an individual should inform the House Clerk in writing of the new position.  A requirement to file a confidential disclosure statement in the new position will not excuse the filing of a termination report. 

Example 18.  Member A resigns from Congress to take a position as a Cabinet Secretary.  A must file a public financial disclosure statement in his new position.  A need not file a termination report with the House, but he must advise the House in writing that he is going to a covered position that requires the filing of a public Financial Disclosure Statement.

48 Id. § 101(e).