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US HR1481

US HR1481
Presidential Accountability Act


summary

Introduced
03/04/2019
In Committee
03/04/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Ethics in Government Act of 1978 to require the President and Vice President to divest themselves of certain financial conflicts of interest, and for other purposes. This bill requires the President and Vice President to divest all financial interests that pose a conflict of interest and to make certain disclosures regarding any business enterprise in which the President, Vice President, or a close family member has a significant financial interest.

AI Summary

This bill, the Presidential Accountability Act, amends the Ethics in Government Act of 1978 to require the President and Vice President to divest themselves of any financial interests that pose a conflict of interest. The bill requires the President and Vice President to either convert such financial interests into cash or other approved investments, or place them in a qualified blind trust or diversified trust. Additionally, the bill requires the President and Vice President to disclose more detailed information about any business enterprise in which they, their spouse, or their dependent child have a significant financial interest.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Referred to the House Committee on Oversight and Reform. (on 03/04/2019)

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