Member Financial Transparency Act

Bill 117 hr 7126, also known as the Member Financial Transparency Act, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to increase transparency and accountability among members of Congress by requiring them to disclose certain financial information.

Under this bill, members of Congress would be required to disclose any financial transactions they make, including purchases, sales, and exchanges of stocks, bonds, and other securities. They would also be required to disclose any ownership interests they have in businesses or other entities, as well as any income they receive from those interests.

Additionally, the bill would require members of Congress to disclose any gifts they receive that are worth more than $50, as well as any travel expenses that are paid for by outside entities. This information would be made publicly available on a website maintained by the Clerk of the House of Representatives. The goal of the Member Financial Transparency Act is to increase transparency and accountability among members of Congress, and to ensure that they are acting in the best interests of the American people. By requiring them to disclose their financial information, the bill aims to prevent conflicts of interest and promote ethical behavior among elected officials. Overall, the Member Financial Transparency Act is a step towards greater transparency and accountability in Congress, and could help to restore public trust in the legislative branch of government.