To require the President, the Vice President, and certain high-level officials to file a report with the Office of Government Ethics, when selling real property, disclosing each natural person who is a beneficial owner of the real property upon completion of the sale, and for other purposes.
End Secret Holdings and Ethical and Legal Loopholes Act of 2017 or the End SHELLs Act
This bill amends the Ethics in Government Act of 1978 to require the President, Vice President, or any high-level official, to file a report with the Office of Government Ethics 30 days after the sale of real property. The report must identify: (1) the name of each beneficial owner of the property, and (2) the current residential or business street address of each beneficial owner of the property.
The report must be published on the website of the Office of Government Ethics.
The Department of Justice may bring a civil action against an individual who knowingly and willingly falsifies information in a report or fails to file a report after the sale of real property.
Introduced in House
Introduced in House
Referred to the House Committee on Oversight and Government Reform.
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