Bill > S855

This bill requires executive branch employees and members of specific advisory committees to disclose royalties they, their spouse, or dependent children receive from inventions developed during their government employment. The bill mandates that agencies publish an annual online report listing the names of employees who receive such royalties, along with the source and amount of those royalties. Additionally, the bill requires the Government Accountability Office to annually publish a list of public health advisory committees that have made recommendations implemented by agencies or the President. Federal agencies must also conduct conflict of interest reviews that include examining royalties paid to potential contractors or grantees in the previous year and report any potential conflicts to congressional committees. The legislation aims to increase transparency by requiring detailed reporting of financial interests and potential conflicts, with specific protections for personal identifying information. The provisions will be in effect for five years, after which some reporting requirements will be modified. The bill includes a severability clause, meaning if any part of the act is found unconstitutional, the rest of the act remains valid.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-bill/855/all-info