Disclosing Official Spending at Presidential Businesses Act

Disclosing Official Spending at Presidential Businesses Act

This bill requires each executive agency to submit a quarterly report to the Office of Government Ethics listing each instance that the agency obligated or expended federal funds with any privately held company that is owned by the President. With respect to each such instance, the report shall include the amount of the obligation or expenditure and the name of the company. Not later than 10 days after receiving a report, the office shall publish the report on its public website.