To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.

United States116th CongressHR-7581House of Representatives
Updated: Jul 13, 2020

Summary

This bill requires certain government officials in the executive branch and their spouses to divest corporate and other financial interests. Specifically, such officials must divest into a qualified blind trust any financial interest in a business for which the official is a trustee, partner, officer, director, or more than 10% shareholder. The trustee of the qualified blind trust must sell the interest and use the proceeds to purchase conflict-free holdings. The bill's requirements apply to cabinet officials, senior executives, policy advisors, presidential appointees, specified White House personnel, and their spouses.

Bill texts

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Introduced (House)View official text

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Timeline

  1. Introduced in House

  2. Referred to the House Committee on Oversight and Reform.

    House of Representatives

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