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094666 1 (1976-07-29)

handle is hein.gao/gaobadxqa0001 and id is 1 raw text is: 

                                  ,        FOR RELEASE ON DELIVERY
                                           Expected at 10:00 a.m. EST
                                           July 29, 1976




                    STATEMENT OF ELMER B. STAATS

              COMPTROLLER GENERAL OF THE UNITED STATES

                             BEFORE THE

         SUBCOMMITTEE ON ADMINISTRATIVE LAW AND GOVERNMENTAL

         RELATIONS OF THE HOUSE COMMITTEE ON THE JUDICIARY

                                 ON

              H.R. 3249 - FINANCIAL DISCLOSURE ACT

                          AND RELATED BILLS7

Mr. Chairman and Members of the Committee:

     I appreciate your invitation to discuss our views on proposed

legislation to establish a financial disclosure system for top-level

officers and employees of the three branches of the Federal Government.

Congressional Interest in Financial Disclosure

     On Wednesday of last week, July 21, the Senate passed S. 495, the

Watergate Reorganization and Reform Act of 1976, which, among other things,

would provide for a system of financial disclosure for senior officials

of all three branches of the Federal Government. The provisions of that

bill are well known to the members of this Committee, and I shall not

take time to summarize them.

     Several bills pending before this Subcommittee would also carry out
this objective. I have attached to my statement a comparative analysis

of selected provisions of 38 of those bills. (Attachment I)



                                                              a I'

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