To require the President to convert private businesses and investments in order to prevent conflicts of interest under Federal law, and for other purposes.
No Conflict of Interest Presidency Act of 2017
This bill requires the President: (1) immediately after assuming office, to convert any private businesses and investments owned or held by the President into cash; and (2) upon making such conversion, to purchase Treasury bills, notes, or bonds, widely diversified mutual funds, or any other holding that does not give rise to a financial conflict of interest.
A violation of this bill shall constitute a high crime and misdemeanor under the U.S. Constitution.
Introduced in House
Introduced in House
Referred to the House Committee on Oversight and Government Reform.
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