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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2020-07-13 | IntroReferral | Referred to the House Committee on Oversight and Reform. | House floor actions |
| 2020-07-13 | IntroReferral | Introduced in House | Library of Congress |