A bill to address financial conflicts of interest of the President and Vice President.
Presidential Conflicts of Interest Act of 2019
This bill requires the President and Vice President to submit to Congress and the Office of Government Ethics a disclosure of financial interests.
The President and Vice President shall (1) include a detailed description of each financial interest of the President and Vice President, the spouse of the President and Vice President, or a minor child of the President and Vice President; and (2) include the tax returns filed by or on behalf of the President and Vice President for the three most recent taxable years.
The President, the Vice President, the spouse of the President or Vice President, and any minor child of the President or Vice President must divest any financial interest posing a potential conflict of interest by transferring such interest to a qualified blind trust.
The Office of Government Ethics shall submit to Congress, the President, and the Vice President an annual report regarding the financial interests of such officials, their spouses, and any of their minor children.
Read twice and referred to the Committee on Rules and Administration.
Introduced in Senate
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
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