H.R. 7581
Referred to CommitteeTo require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.
Latest Action
Referred to the House Committee on Oversight and Reform.
7/13/2020 • House
Summary
This bill requires certain government officials in the executive branch and their spouses to divest corporate and other financial interests.
Specifically, such officials must divest into a qualified blind trust any financial interest in a business for which the official is a trustee, partner, officer, director, or more than 10% shareholder. The trustee of the qualified blind trust must sell the interest and use the proceeds to purchase conflict-free holdings.
The bill's requirements apply to cabinet officials, senior executives, policy advisors, presidential appointees, specified White House personnel, and their spouses.
Introduced in House • 7/13/2020
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Bill Journey
Originated in the House
Introduced
July 13, 2020
Referred to the House Committee on Oversight and Reform.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law