Legis Daily

Transparency in Executive Branch Official Finances Act

USA116th CongressHR-5433| House 
| Updated: 1/28/2020
Katie Porter

Katie Porter

Democratic Representative

California

Cosponsors (1)
Max Rose (Democratic)

Ways and Means Committee, Judiciary Committee, Constitution and Limited Government Subcommittee, Oversight and Government Reform Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Transparency in Executive Branch Official Finances Act This bill establishes disclosure requirements for the President, Vice President, and senior government officials, and it establishes penalties for political appointees who engage in certain conduct. Specifically, the bill requires the President and Vice President, and any candidate for such offices, to disclose their federal income tax returns for the previous five years. The Office of Government Ethics must publish such tax returns after making redactions to prevent identity theft or physical danger. In addition, the bill requires senior government officials to make certain disclosures with respect to (1) any foreign business relationship, and (2) any ownership interest of at least 10% of the outstanding shares in a private enterprise or corporation or any intellectual property protected or enforced by a foreign country. Further, the bill establishes penalties for any political appointee who solicits or receives a payment from a foreign-owned business, organization affiliated with a foreign-owned business or foreign government, or a foreign national.
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Timeline
Dec 13, 2019
Introduced in House
Dec 13, 2019
Referred to the Committee on Oversight and Reform, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 28, 2020
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
  • December 13, 2019
    Introduced in House


  • December 13, 2019
    Referred to the Committee on Oversight and Reform, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • January 28, 2020
    Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

Government Operations and Politics

Criminal procedure and sentencingElections, voting, political campaign regulationFederal officialsGovernment ethics and transparency, public corruptionGovernment information and archivesIntellectual propertyPresidents and presidential powers, Vice PresidentsTax administration and collection, taxpayersU.S. and foreign investments

Transparency in Executive Branch Official Finances Act

USA116th CongressHR-5433| House 
| Updated: 1/28/2020
Transparency in Executive Branch Official Finances Act This bill establishes disclosure requirements for the President, Vice President, and senior government officials, and it establishes penalties for political appointees who engage in certain conduct. Specifically, the bill requires the President and Vice President, and any candidate for such offices, to disclose their federal income tax returns for the previous five years. The Office of Government Ethics must publish such tax returns after making redactions to prevent identity theft or physical danger. In addition, the bill requires senior government officials to make certain disclosures with respect to (1) any foreign business relationship, and (2) any ownership interest of at least 10% of the outstanding shares in a private enterprise or corporation or any intellectual property protected or enforced by a foreign country. Further, the bill establishes penalties for any political appointee who solicits or receives a payment from a foreign-owned business, organization affiliated with a foreign-owned business or foreign government, or a foreign national.
View Full Text

Suggested Questions

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Timeline
Dec 13, 2019
Introduced in House
Dec 13, 2019
Referred to the Committee on Oversight and Reform, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 28, 2020
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
  • December 13, 2019
    Introduced in House


  • December 13, 2019
    Referred to the Committee on Oversight and Reform, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • January 28, 2020
    Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
Katie Porter

Katie Porter

Democratic Representative

California

Cosponsors (1)
Max Rose (Democratic)

Ways and Means Committee, Judiciary Committee, Constitution and Limited Government Subcommittee, Oversight and Government Reform Committee

Government Operations and Politics

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Criminal procedure and sentencingElections, voting, political campaign regulationFederal officialsGovernment ethics and transparency, public corruptionGovernment information and archivesIntellectual propertyPresidents and presidential powers, Vice PresidentsTax administration and collection, taxpayersU.S. and foreign investments