MOSCOW, July 27 - RAPSI. United Russia Deputy and Vice Speaker Sergei Zheleznyak and A Just Russia Deputy Ilya Ponomarev have submitted a draft law to the State Duma on Thursday that would obligate officials from top to municipal level, senators and deputies to inform the authorities about their property and bank accounts abroad.

The requirements would also cover their family members and underage children.

The information would be posted on the official website of the state body where the official works within a week after submission, and the data would be openly accessible.

According to the proposed amendments to the Criminal Code, the untimely provision of such information would result in a fine from 500,000 ($15,455) to 1 million rubles ($30,991), or up to 160 hours of community service, or the loss of the right to hold a specific position for up to one year.

The partial provision of such information would be punishable by a fine from 1 million rubles ($30,991) to 3 million rubles ($92,733), up to 320 hours of obligatory community service, or the loss of the right to hold a specific position for up to three years.

The provision of incorrect information would be punishable by a fine from 3 million rubles ($92,733) to 5 million rubles ($154,550), up to 480 hours of obligatory community service, or the loss of the right to hold a specific position for up to five years.

Zheleznyak said the document will be subject to distribution and the Duma will set the hearing date in September.

Federation Council Vice Speaker Alexander Torshin supports the project, and said it is related to the recently adopted law on nonprofit organizations, which requires nonprofit organizations to disclose information about their foreign sources of financing.