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HR 2494 115th Congress House

Drain the Swamp and the President's Assets Act

Official title: To amend the Ethics in Government Act of 1978 to require the President to place any financial conflicts of interest into a blind trust, and for other purposes.

Introduced: May 17, 2017 Introduced by: Espaillat, Adriano Democratic · New York See on congress.gov
Government Operations and Politics Corporate finance and managementFinancial services and investmentsGovernment ethics and transparency, public corruptionPresidents and presidential powers, Vice Presidents
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2017
Referred to the House Committee on Oversight and Government Reform.
May 17, 2017
Introduced in House
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 Latest action May 17, 2017

Referred to the House Committee on Oversight and Government Reform.

 Plain-English summary Congressional Research Service

Drain the Swamp and the President's Assets Act

This bill amends the Ethics in Government Act of 1978 to prohibit the President from holding any asset that would be considered a disqualifying financial interest under applicable criminal code provisions.

The President may place any such asset into a blind trust. The trustee or other entity who is involved in the management or control of the blind trust shall divest the blind trust of such asset.

A violation of this bill's prohibition constitutes an impeachable offense.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Cohen, Steve
Tennessee · May 17, 2017
 D
McGovern, James P.
Massachusetts · May 17, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2494: Drain the Swamp and the President's Assets Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2494/
MLA
"H.R. 2494: Drain the Swamp and the President's Assets Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2494/.
Bluebook (legal)
H.R. 2494, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2494/.
Markdown link
[H.R. 2494: Drain the Swamp and the President's Assets Act](https://openamerica.io/bill/115-HR-2494/)
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