Congressional Foreign Entanglement Disclosure and Reduction Act

Congressional Foreign Entanglement Disclosure and Reduction Act

This bill expands financial disclosure reporting provisions to require each Member of Congress to report any business ties that the Member, or the Member's immediate family, has with a foreign entity.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2512 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 2512

To amend title 5, United States Code, to require Members of Congress to 
 disclose business ties with foreign entities, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 6, 2023

  Mr. Posey introduced the following bill; which was referred to the 
                   Committee on House Administration

_______________________________________________________________________

                                 A BILL


 
To amend title 5, United States Code, to require Members of Congress to 
 disclose business ties with foreign entities, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Congressional Foreign Entanglement 
Disclosure and Reduction Act''.

SEC. 2. DISCLOSURE BY MEMBERS OF CONGRESS OF BUSINESS TIES WITH FOREIGN 
              ENTITIES.

    (a) In General.--Section 13104 of title 5, United States Code, is 
amended by adding at the end the following:
    ``(j) Foreign Entity Business Ties of Members of Congress.--Any 
report filed pursuant to section 13103(d) by a Member of Congress shall 
include the disclosure of any business ties the Member or any member of 
the Member's immediate family has (if any) with a foreign entity. If a 
Member of Congress makes an affirmative disclosure of any such ties, 
the Member shall include information detailing the nature of the 
business tie, the name of the applicable foreign entity, and the total 
value of any income received by the Member or immediate family member 
as a result of such tie during the calendar year covered by the report 
submitted pursuant to such section 13103(d) and the preceding four 
calendar years.''.
    (b) Application.--The amendment made by subsection (a) shall apply 
to any report filed pursuant to section 13103(d) of title 5, United 
States Code, after the date of enactment of this Act.
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