Bill > HR5359

This bill, titled the "No Bribes for Politicians Act of 2025," introduces several key provisions to enhance transparency and prevent potential conflicts of interest for federal officials. First, it prohibits the President and Vice President from using gifts received in conjunction with their official duties and requires agencies to dispose of such gifts. Second, the bill establishes a biannual financial disclosure requirement, mandating that certain federal officials file detailed financial reports twice a year (by October 15 and May 15) for any period where they perform duties for more than 60 days in a six-month period, starting in 2026. Third, the bill expands financial disclosure requirements to include a broad range of relatives of the President, Vice President, and Cabinet members, defining "relative" to include an extensive list of family connections by blood and marriage. Fourth, the legislation introduces strict prohibitions on presidential and vice-presidential business activities, including a ban on holding financial interests in for-profit entities, using their name or likeness for profit, and serving in decision-making roles in private businesses. Officials must divest from such interests within 30 days of assuming office, with an exception for retirement accounts. The bill also establishes civil penalties for violations of these new provisions, aiming to reduce potential conflicts of interest and increase governmental accountability.

Government Affairs

https://www.congress.gov/bill/119th-congress/house-bill/5359/all-info