ELECTIONS Ethics in Government: Relax Financial Disclosure Requirements

The Act amends the Code to decrease campaign contribution and financial disclosure filing requirements for certain public officers. The amendments reduce penalties for violations and permit candidates who do not have a campaign committee to fulfill the reporting requirements. Moreover, persons already holding public office but who do not intend to seek reelection are no longer required to file financial disclosure reports for the year preceding the end of their term. Finally, the filing date for all public officers is changed from April 15 to July 1.