GSA Raises Foreign Gift Minimal Value

The General Services Administration has raised the definition of "minimal value" under the Foreign Gifts & Decorations Act to $305 or less for the 3-year period 2005-2007. See 70 FR 2317-2318 (pt. V) (01/12/05). A brief note at the OGE web site explains that this affects the gifts and travel reimbursements reporting thresholds under the Ethics Act for the public and (as extended by OGE regulation) confidential financial disclosure systems, including the SF 278 & OGE Form 450 report forms.