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All glossary terms

Glossary

Annual Financial Disclosure (AFD)

The yearly net-worth-style filing each member of Congress submits, separate from per-trade PTRs.

An Annual Financial Disclosure (AFD), also called Form A on the House side, is the yearly comprehensive financial filing every member of Congress submits in May for the previous calendar year. It covers everything PTRs don't: holdings (not just transactions), liabilities, outside earned income, honoraria, board positions, and spouse / dependent assets.

AFDs report holdings in the same bracket-format as PTRs ($1,001–$15,000 up to $50,000,001+), making them imprecise for net-worth calculations but useful for ranking. They include assets PTRs don't cover: real estate, private equity, hedge fund investments, cryptocurrency (since 2018 guidance), and trusts.

AFDs are how net-worth estimates for U.S. senators and representatives are typically derived. Disclosed Capitol's wealth rankings page (/wealth) is built from AFD data with low/midpoint/high net-worth estimates per member.

Filers can request a 90-day extension. The AFD for calendar year N is due in May of year N+1.

Related terms

  • STOCK Act
  • Periodic Transaction Report (PTR)