HR 7581 · 116th Congress · Government Operations and Politics

To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.

Introduced 2020-07-13· Sponsored by Rep. Cicilline, David N. [D-RI-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Oversight and Reform.(2020-07-13)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only