CORRUPT Act

To require annual reports on funds expended by the Federal Government with the Trump Organization, and for other purposes. 1. Short title This Act may be cited as the Curb Objectionable Redirection of Resources and Unconstitutional Payments to Trump Act CORRUPT Act 2. Findings Congress finds the following: (1) Kleptocracy is a tool used by autocratic leaders, including Vladimir Putin, to exploit state resources; it involves the operation of sophisticated networks for the purpose of self-enrichment. (2) Unlike prior presidents, President Trump has refused to sell his business interests or divest himself of assets that present potential conflicts of interest. (3) Article I of the Constitution states that no Person holding any office of profit or trust under them, shall, without the consent of the Congress, accept any present, emolument, office, or title, of any kind whatever, from any King, Prince, or foreign State (4) Foreign governments and foreign-held companies have already shifted business to the President’s companies in order to curry favor with the Administration. (5) According to reports, the Trump International Hotel has generated at least $19,700,000 in income for the President between September 2016 and April 2017. (6) The National Security Council and State Department have allegedly used taxpayers’ money to pay for staff to stay at Trump hotels and resorts, thereby benefitting the President. 3. Sense of the Congress It is the sense of Congress that— (1) kleptocrats such as Vladimir Putin pose a threat to United States national security by undermining financial and Government institutions; (2) the United States must take all steps necessary to defend itself against kleptocratic practices; and (3) Federal funds should not be expended in a manner that enriches the President or any of his close relatives or associates. 4. Reports (a) Agency report Not later than 90 days after the date of the enactment of this Act, the head of each agency shall submit to the Office of Government Ethics a report on the amount expended by that agency in fiscal year 2017 at, or any payments made to, any covered property and shall include— (1) any hotel stay using per diem or other funds; or (2) the rental of any conference room or meeting facility. (3) Office of Government Ethics Report Not later than 120 days after the date of the enactment of this Act, the Office of Government Ethics shall submit to Congress a comprehensive report on funds expended by any agency at, or any payments made to, a covered property in fiscal year 2017. (b) Annual report At the end of the next fiscal year following the date of the enactment of this Act, and at the end of each fiscal year thereafter, the Director of the Office of Management and Budget shall submit to Congress a report on the direct and indirect ways that funds appropriated to agencies have benefitted a covered property, including— (1) funds expended by any agency at, or any payments made to, a covered property in the previous fiscal year; (2) regulatory actions in the previous fiscal year with a beneficial impact on a covered property; and (3) indirect expenditures with vendors conducting more than $1,000,000 in business with a covered individual or with the owners of a covered property in the previous fiscal year. 5. Definitions In this Act: (1) Agency The term agency (A) has the meaning given the term— (i) Executive agency (ii) military department (B) means— (i) any other establishment in the executive branch (including the Executive Office of the President, the United States Postal Service, and the Postal Regulatory Commission); (ii) an office, agency, or other establishment in the legislative branch; and (iii) an office, agency, or other establishment in the judicial branch. (2) Covered individual The term covered individual (A) the President; (B) a relative of the President; and (C) with respect to an agency that is an Executive department, the head of the Executive department. (3) Covered property The term covered property (A) any property controlled by the Trump Organization; or (B) an organization or business controlled by or associated with a covered person (including any known shell company), any member of the President’s family, or any employee of the Trump Organization. (4) Executive department The term Executive department

Summary: Curb Objectionable Redirection of Resources and Unconstitutional Payments to Trump Act or the CORRUPT Act This bill establishes reporting requirements for federal agencies regarding funds spent at, or payments made to, (1) properties controlled by the Trump Organization; or (2) an organization or business controlled by or associated with the President, a relative of the President, the head of an executive department, or an employee of the Trump Organization.