This bill prohibits an immediate relative of certain senior U.S. government officials from having an ownership interest of 5% or more in a Ukrainian entity. It also prohibits such a relative from being a board member, consultant, employee, or independent contractor of a Ukrainian entity. Specifically, this prohibition shall apply to the immediate relatives of (1) the President, (2) the Vice President, (3) the head of any executive department, (4) an individual in a cabinet-level position, or (5) a Member of Congress. The bill provides for civil penalties and imprisonment for a violation and authorizes the Department of Justice to seek an injunction to stop the prohibited conduct.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
Introduced in Senate
Read twice and referred to the Committee on Foreign Relations.
International Affairs
Civil actions and liabilityCorporate finance and managementEuropeFamily relationshipsFederal officialsForeign and international corporationsFraud offenses and financial crimesGovernment ethics and transparency, public corruptionPresidents and presidential powers, Vice PresidentsUkraineU.S. and foreign investments
A bill to prohibit the involvement of immediate family members of senior United States Government officials with Ukrainian entities.
USA116th CongressS-2781| Senate
| Updated: 11/5/2019
This bill prohibits an immediate relative of certain senior U.S. government officials from having an ownership interest of 5% or more in a Ukrainian entity. It also prohibits such a relative from being a board member, consultant, employee, or independent contractor of a Ukrainian entity. Specifically, this prohibition shall apply to the immediate relatives of (1) the President, (2) the Vice President, (3) the head of any executive department, (4) an individual in a cabinet-level position, or (5) a Member of Congress. The bill provides for civil penalties and imprisonment for a violation and authorizes the Department of Justice to seek an injunction to stop the prohibited conduct.
Civil actions and liabilityCorporate finance and managementEuropeFamily relationshipsFederal officialsForeign and international corporationsFraud offenses and financial crimesGovernment ethics and transparency, public corruptionPresidents and presidential powers, Vice PresidentsUkraineU.S. and foreign investments