H.R. 7581 · 116th Congress
To require certain officers and employees in the executive branch of the Federal Government to divest certain…
Full title
To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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CicillineSponsorNo cosponsors.
This bill requires certain government officials in the executive branch and their spouses to divest corporate and other financial interests.
What it does: CRS summary · Introduced in House · Jul 13, 2020
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.
Latest action (Jul 13, 2020): Referred to the House Committee on Oversight and Reform.
Policy area: Government Operations and Politics · Origin: House · Introduced: Jul 13, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.