Re:Senators to Propose Ban on U.S. Lawmakers, Executive Bran...
by toast0 on Wednesday July 19, 2023 @10:39AM
(#36787155)
My spouse was an elected official in California, which came with reporting requirements for stock transactions and gifts for both of us[1] But then, in a community property state, we don't have separate stock transactions and gifts are maybe?
For us, it was easier to avoid making stock transactions that triggered reporting and avoid accepting gifts that would trigger reporting, than to fill out the reports. I had equity based compensation that had to be reported, but then everything else went into diversified mutual funds, which is a good idea anyway.
[1] See CA form 700. But note, this doesn't apply to federal elected officials from CA, only to state and local officials.
For us, it was easier to avoid making stock transactions that triggered reporting and avoid accepting gifts that would trigger reporting, than to fill out the reports. I had equity based compensation that had to be reported, but then everything else went into diversified mutual funds, which is a good idea anyway.
[1] See CA form 700. But note, this doesn't apply to federal elected officials from CA, only to state and local officials.