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Faster Disclosure of Congressional Financial Transactions

New rules shorten the time members of Congress have to report their financial transactions, such as buying and selling stocks. Instead of 45 days, they will now have only 7 days. This aims to increase transparency and allow citizens quicker access to information about their representatives' finances.
Key points
Members of Congress must report financial transactions within 7 days, down from the previous 45 days.
Information on these transactions will be publicly available within 10 days of a member's report.
The changes aim to increase financial transparency for those in power.
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Status:
Expired
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Additional Information
Print number: 117_HR_7126
Sponsor: Rep. Grothman, Glenn [R-WI-6]
Process start date: 2022-03-17
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Member Financial Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7126.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-17.

What are the main provisions?

Key points include:

  • Members of Congress must report financial transactions within 7 days, down from the previous 45 days.
  • Information on these transactions will be publicly available within 10 days of a member's report.
  • The changes aim to increase financial transparency for those in power.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Grothman, Glenn [R-WI-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on House Administration.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

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