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H.R. 7581 116th Congress House

To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.

Introduced: July 13, 2020 See on congress.gov
Government Operations and Politics Congressional oversightCongressional-executive branch relationsCorporate finance and managementFamily relationships
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Federal officialsFinancial services and investmentsGovernment ethics and transparency, public corruptionSecurities
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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
Jul 13, 2020
Referred to the House Committee on Oversight and Reform.
Jul 13, 2020
Introduced in House
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 Latest action July 13, 2020

Referred to the House Committee on Oversight and Reform.

 Plain-English summary Congressional Research Service

This bill requires certain government officials in the executive branch and their spouses to divest corporate and other financial interests.

Specifically, such officials must divest into a qualified blind trust any financial interest in a business for which the official is a trustee, partner, officer, director, or more than 10% shareholder. The trustee of the qualified blind trust must sell the interest and use the proceeds to purchase conflict-free holdings.

The bill's requirements apply to cabinet officials, senior executives, policy advisors, presidential appointees, specified White House personnel, and their spouses.

 Related & companion bills 1
  • HR 706 Restoring the Public Trust Act
 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. 7581: To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7581/
MLA
"H.R. 7581: To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7581/.
Bluebook (legal)
H.R. 7581, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7581/.
Markdown link
[H.R. 7581: To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.](https://openamerica.io/bill/116-HR-7581/)
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