The Gift Accountability, Reporting, and Disclosures Act expands federal oversight of foreign gifts and decorations received by U.S. government employees, candidates for Congress and the presidency, and their relatives. The bill requires agencies to report gift information to both the Office of Government Ethics and the State Department by May 15 each year (moved up from January 31), and mandates public disclosure of these reports similar to financial disclosure filings. It also adds new restrictions, including prohibiting gifts from countries designated as concerns by the Secretary of State, and establishes a $200 late-filing penalty for employees who miss the May 15 deadline, though agencies can waive the fee for good cause. All federal agencies must implement these changes within 120 days of the bill's enactment, and the new requirements apply immediately to anyone currently required to file foreign gift statements.
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