To require the President to convert private businesses and investments in order to prevent conflicts of interest under Federal law, and for other purposes.
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.
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Timeline
Introduced in House
Referred to the House Committee on Oversight and Government Reform.
Introduced in House
Referred to the House Committee on Oversight and Government Reform.
Government Operations and Politics
Business investment and capitalCongressional-executive branch relationsCriminal investigation, prosecution, interrogationFinancial services and investmentsGovernment ethics and transparency, public corruptionPresidents and presidential powers, Vice PresidentsReal estate businessSecurities
To require the President to convert private businesses and investments in order to prevent conflicts of interest under Federal law, and for other purposes.
USA115th CongressHR-3532| House
| Updated: 7/28/2017
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.
Business investment and capitalCongressional-executive branch relationsCriminal investigation, prosecution, interrogationFinancial services and investmentsGovernment ethics and transparency, public corruptionPresidents and presidential powers, Vice PresidentsReal estate businessSecurities