The General Services Administration in a Jan. 12 Federal
Register notice raised “minimal value” under the Foreign
Gifts & Decorations Act to $305 or less for the 3-year
period 2005-2007. The change in minimal value affects
the gifts and travel reimbursements reporting
thresholds under the Ethics Act for the public and
confidential financial disclosure systems, including
the SF 278 & OGE Form 450 report forms.
The new aggregation threshold for the reporting of gifts
received from one source will be more than $305, with a
$122 or less “de minimis” aggregation exception.
