Financial Disclosure Modernization Act

This bill updates financial disclosure reporting thresholds for federal employees under Title 5, U.S. Code. It revises the dollar amounts requiring disclosure for certain financial interests (like dividends, rents, interest, and capital gains) by adding new higher-value brackets, ranging from $5 million to $1 billion. The bill also modifies asset value reporting categories, introducing new tiers from $50 million up to $1 billion. These changes apply to financial disclosure reports filed on or after the bill's enactment date. The bill directly affects federal employees required to submit financial disclosure reports under Chapter 131 of Title 5.