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HR 5362 117th Congress House Government Operations and Politics

Stop Foreign Payoffs Act

Introduced: September 24, 2021 Introduced by: Golden, Jared F. Democratic · Maine See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Sep 24, 2021
Introduced in House
Sep 24, 2021
Referred to the Committee on Oversight and Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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 Plain-English summary Congressional Research Service

Stop Foreign Payoffs Act

This bill prohibits certain government officials and their family members from holding foreign financial interests and also requires divestiture of any such interests in a prescribed manner and time frame.

Specifically, the bill prohibits the President, cabinet officials, and Members of Congress from holding any financial interest in, or receiving payment from, a foreign business. Such individuals must divest any such interest by either converting the interest into cash or another investment, or by placing the interest in a qualified blind trust or diversified trust; divestiture must occur no later than 30 days after either the issuance of implementing regulations or after the individual takes office. The bill's requirements apply to the spouses, children, sons-in-law, and daughters-in-law of such individuals.

What's happening now September 24, 2021

Referred to the Committee on Oversight and Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5362: Stop Foreign Payoffs Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-5362/
MLA
"H.R. 5362: Stop Foreign Payoffs Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-5362/.
Bluebook (legal)
H.R. 5362, 117th Cong. (2026), https://openamerica.io/bill/117-HR-5362/.
Markdown link
[H.R. 5362: Stop Foreign Payoffs Act](https://openamerica.io/bill/117-HR-5362/)
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