Financial Disclosure:

Implementation of Statute Governing Senate and Legislative Agency Personnel

GGD-94-77: Published: Mar 16, 1994. Publicly Released: Mar 16, 1994.

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Pursuant to a legislative requirement, GAO reviewed the Senate's efforts to implement the provisions in the Ethics Reform Act governing the financial disclosures of federal personnel.

GAO found that: (1) since the passage of the Ethics Reform Act, the Senate Select Committee on Ethics has improved its financial disclosure report review system and complied with the act's provisions concerning filing and reviewing financial disclosures; (2) the Committee has used state election offices to better track and identify individuals who are required to file financial disclosure reports; (3) Senate Committee reviewers cannot resolve all potential conflicts-of-interest because they lack adequate knowledge of the work performed by filers; and (4) the Senate Committee has implemented procedures that require employees to send copies of the reports to their respective office, Senator, or legislative agency so that reviewers are in a better position to know the types of work their employees perform and can better identify potential conflicts-of-interest.

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