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.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Oversight and Reform.(2020-07-13)
Plain Language Summary
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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