Modifies the requirements for financial disclosures for certain state and legislative officials, officers and employees

Bill S 3741 modifies the financial disclosure requirements for certain state and legislative officials, officers, and employees who work as professionals like lawyers, real estate brokers, or lobbyists. It updates rules for reporting income from their private practices. The bill requires these individuals to provide more detailed descriptions of the services they render and the principal subject areas of matters undertaken. It also lowers the financial threshold to $10,000 for disclosing clients or customers from whom they or their firm earned fees related to state contracts, grants, or matters before a state agency.