Skip to main content
H.R. 2027 116th 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: April 2, 2019 Introduced by: Adriano Espaillat 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
Sign in to write a letter Sign in to watch
This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Apr 2, 2019
Referred to the House Committee on Oversight and Reform.
Apr 2, 2019
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action April 2, 2019

Referred to the House Committee on Oversight and Reform.

 Plain-English summary Congressional Research Service

Drain the Swamp and the President's Assets Act

This bill prohibits 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, and 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
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2027: Drain the Swamp and the President’s Assets Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-2027/
MLA
"H.R. 2027: Drain the Swamp and the President’s Assets Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-2027/.
Bluebook (legal)
H.R. 2027, 116th Cong. (2026), https://openamerica.io/bill/116-HR-2027/.
Markdown link
[H.R. 2027: Drain the Swamp and the President’s Assets Act](https://openamerica.io/bill/116-HR-2027/)
Report a problem