HR 2494
115th Congress
House
Government Operations and Politics
Corporate finance and management
Financial services and investments
Government ethics and transparency, public corruption
Presidents and presidential powers, Vice Presidents
Drain the Swamp and the President's Assets Act
Introduced: May 17, 2017
Introduced by:
Espaillat, Adriano
Democratic
· New York
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 17, 2017
Referred to the House Committee on Oversight and Government Reform.
May 17, 2017
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Oversight and Government Reform.
Committees of jurisdiction
1