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1 1 (November 22, 2023)

handle is hein.crs/govennf0001 and id is 1 raw text is: Con gressionaI S' Research ServicŪ Financial Disclosure and the Supreme Court Updated November 22, 2023 The Ethics in Government Act of 1978 (EIGA) established financial disclosure reporting requirements for many high-level government officials and employees, including the Chief Justice of the United States and the Associate Justices of the Supreme Court. Supreme Court Justices must file publicly available financial disclosure statements that report certain financial transactions. Recent media reports regarding the Justices' compliance with financial disclosure laws have increased interest in Supreme Court ethics and the interpretation of the EIGA's reporting requirements. This Legal Sidebar provides an overview of financial disclosure requirements under the EIGA and how they apply to the judicial branch. It also examines recent statutory and regulatory updates to judicial branch financial disclosure requirements, including the Supreme Court Code of Conduct released in November 2023. (While this Sidebar addresses the Code's references to financial disclosure and other ethics laws, another Sidebar considers the implications of the Code more generally.) The Sidebar concludes with a discussion of potential congressional action on Supreme Court ethics and highlights legal considerations regarding Congress's authority to regulate the Supreme Court. Federal Financial Disclosure Laws The EIGA was enacted, in part, to preserve and promote the integrity of public officials and institutions. To help achieve this goal, the EIGA requires, among other things, that covered employees file annual financial disclosure statements reporting: income from any source (other than from current employment by the federal government) including honoraria; payments made to charity in lieu of honoraria; and any dividends, rents, interest, and capital gains that exceed $200; gifts and reimbursements (although filers do not have to report gifts received from relatives or food, lodging, or entertainment received as personal hospitality of an individual); interests in property; liabilities exceeding $10,000 owed to any creditor other than a close family member (with certain exceptions such as mortgages for personal residences); transactions that exceed $1,000 in real property (other than a personal residence) and securities; Congressional Research Service https://crsreports.congress.gov LSB10949 CRS Legal Sidebar Prepared for Members and Committees of Congress