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HR 2027 116th 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: April 2, 2019 Introduced by: Espaillat, Adriano Democratic · New York See on congress.gov
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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
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 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.

What's happening now April 2, 2019

Referred to the House Committee on Oversight and Reform.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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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/)
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