Bill > H2732

This bill mandates the creation and maintenance of an electronic reporting system for statements of financial interests, which are documents filed by candidates, public officials, and public employees detailing their financial holdings. The bill amends existing law to require that these statements, when filed electronically, be made available to the public on the internet within three days of receipt by the commission, with the exception of home addresses which the commission can choose to withhold from public disclosure. It also clarifies that failing to file a statement of financial interests electronically as required, or filing an incomplete one, is a violation of the law. The bill aims to increase transparency and accessibility of financial information for public figures by establishing a digital platform for filing and public viewing, and it specifies that this new system will be in effect starting January 1, 2016.