The bill would require covered federal officers and employees who serve more than 60 days in a six-month period to file financial disclosure reports twice a year, starting in 2026. It would require the President, Vice President, and Cabinet members to report specified financial information about certain relatives. It would also bar the President and Vice President from holding financial interests in for-profit businesses, subject to an exception for retirement accounts, and require them to sell those interests within 30 days of taking office. The bill would also limit certain business uses of their names or likenesses and prohibit them from holding decision-making roles in for-profit businesses. Certain gifts deposited with an agency for official use alongside presidential duties could not be used and would have to be disposed of.
The bill’s reporting and business restrictions apply to specified officials and relatives, not the public generally. It does not describe a direct change to services or requirements for most people.
The bill text does not specify costs or funding for carrying out these requirements.
No publicly available information.
No publicly available information.