FINANCIAL DISCLOSURE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP77M00144R001100150038-6
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 16, 2016
• Document Release Date: July 5, 2005
• Sequence Number: 38
• Content Type: NOTES

Approved For Release 2005/07/13 :CIA-RDP77M00144R001100150038-6 19ja
FINANCIAL DISCLOSURE
Bills introduced in both Houses would require federal employees
receiving specified salaries (e. g . , above $25,000 per year) to file financial
statements with the Comptroller General. One bill would only require a
statement of assets and liabilities, while most of the bills require a listing
of:
(a) amount and source of each item of income and
gift over $100;
(b) value of each asset held by him solely or jointly
with his wife;
(c) amount of each :liability owed;
(d) all dealings in securities or commodities;
(e) all purchases and sales of real property.
The public is to be granted access to the statements. Criminal penalties
are prescribed for willfully filing false statements or failing to file a. statement.
These proposals conflict with section 6 of the CIA Act of 1949,
which states that "the .Agency shall be exempted from the provisions of ... any
other law which require(s) the publication or disclosure of the organization,
functions, names, official titles, salaries, or numbers of personnel employed by
the Agency." They would also raise very serious security problems, and are
contrary to the spirit of privacy so recently endorsed by the Congress.
Approved For Release 2005/07/13 : CIA-RDP77M00l44R001100150038-6