HR 2440 115th Congress House Government Operations and Politics Government ethics and transparency, public corruption Government information and archives Presidents and presidential powers, Vice Presidents U.S. and foreign investments

Presidential Disclosure of Foreign Business Transactions Act

Introduced: May 16, 2017 Introduced by: Raskin, Jamie Democratic · Maryland See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 16, 2017

Referred to the House Committee on Oversight and Government Reform.

May 16, 2017

Introduced in House

Plain-English summary Congressional Research Service

Presidential Disclosure of Foreign Business Transactions Act

This bill directs the President: (1) within 90 days after first assuming office, to submit to the Department of the Treasury an initial report detailing any private business transaction with a foreign government conducted by the President during the previous 10 years; and (2) each month thereafter, to submit a report detailing any private business transaction between businesses affiliated with the President and foreign governments during that month.

A "business transaction" is defined as any transaction of more than $10,000 in relation to any private businesses or investments listed in the President's financial disclosure reports, including any report submitted pursuant to the Ethics in Government Act of 1978.

Such reports shall be made available on Treasury's public website.

A violation of this bill shall constitute a high crime and misdemeanor for purposes of the Constitution's impeachment provision.

What's happening now May 16, 2017

Referred to the House Committee on Oversight and Government Reform.

Committees of jurisdiction 1