[Code of Federal Regulations]
[Title 5, Volume 3]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR2634.104]

[Page 502-503]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
                CHAPTER XVI--OFFICE OF GOVERNMENT ETHICS
 
PART 2634_EXECUTIVE BRANCH FINANCIAL DISCLOSURE, QUALIFIED TRUSTS, AND 
 
                      Subpart A_General Provisions
 
Sec. 2634.104  Policies.

    (a) Title I of the Act requires that high-level Federal officials 
disclose publicly their personal financial interests, to ensure 
confidence in the integrity of the Federal Government by demonstrating 
that they are able to

[[Page 503]]

carry out their duties without compromising the public trust. Title I 
also authorizes the Office of Government Ethics to establish a 
confidential (nonpublic) financial disclosure system for less senior 
executive branch personnel in certain designated positions, to 
facilitate internal agency conflict-of-interest review.
    (b) Public and confidential financial disclosure serves to prevent 
conflicts of interest and to identify potential conflicts, by providing 
for a systematic review of the financial interests of both current and 
prospective officers and employees. These reports assist agencies in 
administering their ethics programs and providing counseling to 
employees.
    (c) Financial disclosure reports are not net worth statements. 
Financial disclosure systems seek only the information that the 
President, Congress, or OGE as the supervising ethics office for the 
executive branch has deemed relevant to the administration and 
application of the criminal conflict of interest laws, other statutes on 
ethical conduct or financial interests, and Executive orders or 
regulations on standards of ethical conduct.
    (d) Nothing in the Act or this part requiring reporting of 
information or the filing of any report shall be deemed to authorize 
receipt of income, honoraria, gifts, or reimbursements; holding of 
assets, liabilities, or positions; or involvement in transactions that 
are prohibited by law, Executive order or regulation.
    (e) The provisions of title I of the Act and this part requiring the 
reporting of information shall supersede any general requirement under 
any other provision of law or regulation on the reporting of information 
required for purposes of preventing conflicts of interest or apparent 
conflicts of interest. However, the provisions of title I and this part 
shall not supersede the requirements of 5 U.S.C. 7342 (the Foreign Gifts 
and Decorations Act).
    (f) This regulation is intended to be gender-neutral; therefore, use 
of the terms he, his, and him include she, hers, and her, and vice 
versa.