To require the President to convert private businesses and investments in order to prevent conflicts of interest under Federal law, and for other purposes.
United States115th CongressHR-3532House of Representatives
Updated: Jul 28, 2017
Summary
No Conflict of Interest Presidency Act of 2017 This bill requires the President: (1) immediately after assuming office, to convert any private businesses and investments owned or held by the President into cash; and (2) upon making such conversion, to purchase Treasury bills, notes, or bonds, widely diversified mutual funds, or any other holding that does not give rise to a financial conflict of interest. A violation of this bill shall constitute a high crime and misdemeanor under the U.S. Constitution.
Bill texts
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Timeline
Referred to the House Committee on Oversight and Government Reform.
House of Representatives
Introduced in House
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