Nominee Financial Disclosure During a Presidential Transition (CRS Report for Congress)
| Release Date |
Revised Sept. 6, 2024 |
| Report Number |
IF12736 |
| Report Type |
In Focus |
| Authors |
Jacob R. Straus |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
Every four years, the United States conducts a presidential
election. In instances where a transition from one
presidential Administration to another occurs, one of the
President-elect’s tasks is to fill approximately 1,000 Senateconfirmed civilian positions in the executive branch. The
Ethics in Government Act (EIGA; 5 U.S.C. §§13101-
13111) requires nominees to certain positions requiring
Senate confirmation to complete financial disclosure forms.
Federal agencies and the Senate may use the disclosed
information to inform the confirmation process and to
identify and remediate real or perceived conflicts of
interest, as necessary.
Public financial disclosure by high-level Government
employees was introduced into law to provide a tool
for identifying and resolving potential conflicts of
interest and to increase public confidence in the
Government. It is fundamental to the executive
branch ethics program.
—Office of Government Ethics,
Report on Improvements to the Financial Disclosure
Process for Presidential Nominees, April 2001, p. 2
