SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Transparency in Exec-
utive Branch Official Finances Act’’. 
SEC. 2. DISCLOSURE OF FOREIGN FINANCIAL INTERESTS. 
(a) IN GENERAL.—Section 102 of the Ethics in Gov-
ernment Act of 1978 (5 U.S.C. App. 102) is amended by 
adding at the end the following: 
‘‘(j)(1) Any report filed pursuant to section 101(d) 
by a senior Government official shall include— 
‘‘(A) a description of any foreign business rela-
tionship of the official or spouse or member of fam-
ily of the official; 
‘‘(B) with respect to any member of family of 
the official, the information required to be disclosed 
with respect to a spouse of the official under this 
title, including those under section 102(e); and 
‘‘(C) a disclosure on whether the official or 
spouse or member of family of the official owns— 
‘‘(i) either directly or in combination with 
the holdings of any trust controlled by the 
member, ten percent or more of the outstanding 
shares in a private enterprise or corporation; or 
‘‘(ii) any intellectual property (including 
any trademark, copyright, or patent) protected 
or enforced by a foreign country. 
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‘‘(2) With respect to any affirmative disclosure made 
under paragraph (1)(C)(i), the disclosure shall include— 
‘‘(A) the name of any applicable private enter-
prise or corporation; 
‘‘(B) whether the private enterprise or corpora-
tion has engaged in, during the previous 5 years, 
any business dealing (including any sale, purchase, 
rental, disposition or exchange of any goods, serv-
ices, or property, any license, permit, grant or ben-
efit transaction) equal to or greater than $25,000 
with a publicly traded company with foreign major-
ity shareholders, a foreign-owned business, an orga-
nization associated with a foreign-owned business, or 
a foreign national; and 
‘‘(C) with respect to any affirmative disclosure 
under subparagraph (B), a list of any applicable 
publicly traded company with foreign majority share-
holders, foreign-owned business, organization associ-
ated with a foreign-owned business, or foreign na-
tional. 
‘‘(3) With respect to any affirmative disclosure made 
under paragraph (1)(C)(ii), a description of the applicable 
intellectual property. 
‘‘(4) In this subsection— 
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‘‘(A) the term ‘foreign business relationship’, 
when used in connection with a senior Government 
official or their spouse or member of family, means 
any instance where the official, spouse, or member 
of family (as the case may be) holds any position 
with— 
‘‘(i) a publicly traded company with foreign 
majority shareholders; or 
‘‘(ii) a foreign-owned business or an orga-
nization associated with a foreign-owned busi-
ness; 
‘‘(B) the term ‘foreign-owned business’ means a 
partnership, association, corporation, organization, 
or other combination of persons organized under the 
laws of or having its principal place of business in 
a foreign country; 
‘‘(C) the term ‘member of family’, when used in 
connection with a senior Government official, means 
a parent, sibling, child (including an adopted child 
or a step-child), aunt, uncle, or first cousin of the 
official; and 
‘‘(D) the term ‘senior Government official’ 
means— 
‘‘(i) the President; 
‘‘(ii) the Vice President; and 
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‘‘(iii) any political appointee (as that term 
is defined in section 221(c)(2) of title 18, 
United States Code).’’. 
(b) APPLICATION.—The amendment made by sub-
section (a) shall apply to any report filed pursuant to sec-
tion 101(d) of the Ethics in Government Act of 1978 (5 
U.S.C. App. 101(d)) after the date of enactment of this 
Act. 
SEC. 3. DISCLOSURE OF TAX RETURNS OF PRESIDENT AND 
VICE PRESIDENT AND CANDIDATES. 
(a) IN GENERAL.—Section 102 of the Ethics in Gov-
ernment Act of 1978 (5 U.S.C. App.), as amended by sec-
tion 1, is further amended by adding at the end the fol-
lowing: 
‘‘(k)(1) Any report filed pursuant to section 101(d) 
by the President or the Vice President shall include the 
President’s or Vice President’s (as the case may be) return 
of Federal income tax for the previous 5 taxable years. 
‘‘(2) Any report filed pursuant to section 101(c) by 
an individual who is a candidate for the office of President 
or Vice President shall include the individual’s return of 
Federal income tax for the previous 5 taxable years. 
‘‘(3) The Director of the Office of Government Ethics 
may issue regulations authorizing the redaction of per-
sonal information as the Director deems necessary to pre-
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vent identity theft or physical danger from disclosure of 
tax returns required under paragraphs (1) and (2). 
‘‘(4) Not later than 30 days after the date that any 
tax returns are submitted by the President or Vice Presi-
dent pursuant to paragraph (1) or an individual who is 
a candidate for the office of President or Vice President 
pursuant to paragraph (2), the Director shall publish such 
tax returns on the public Internet website of the Office.’’. 
(b) DISCLOSURE PERMITTED.—Section 6103(i) of 
the Internal Revenue Code of 1986 is amended by adding 
at the end the following: 
‘‘(9) DISCLOSURE
OF
TAX
RETURNS
UNDER 
THE ETHICS IN GOVERNMENT ACT OF 1978.—The 
Director of the Office of Government Ethics may 
publicly disclose returns described in section 102(k) 
of the Ethics in Government Act of 1978 (5 U.S.C. 
App. 102(k)) to the extent such returns are required 
to be made available pursuant to such section.’’. 
(c) APPLICATION.—The amendments made by sub-
sections (a) and (b) shall apply to any report filed pursu-
ant to section 101(c) or 101(d) of the Ethics in Govern-
ment Act of 1978 and any disclosure made under section 
6103(i) of the Internal Revenue Code of 1986, respec-
tively, after the date of enactment of this Act. 
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SEC. 4. PROHIBITION ON RECEIPT OF PAYMENTS FROM 
FOREIGN ENTITIES. 
(a) IN GENERAL.—Title 18, United States Code, is 
amended by inserting after section 220 the following: 
‘‘§ 221. Prohibition on receipt of payments from for-
eign entities 
‘‘(a) IN GENERAL.—Whoever, being a political ap-
pointee, solicits or receives any payment (in cash or in 
kind) from any foreign-owned business, any organization 
affiliated with a foreign-owned business, any organization 
affiliated with a foreign government, or a foreign national, 
shall be subject to the penalties set forth in section 216. 
‘‘(b) EXCEPTIONS.—This section does not apply to— 
‘‘(1) any payment (including interest, dividends, 
or capital gains) resulting from an investment in any 
stock, mutual fund, or trust described in section 
401(a) of the Internal Revenue Code of 1986 which 
is exempt from taxation under section 501(a) of 
such Code (including the Thrift Savings Plan under 
subchapter III of chapter 84 of title 5); or 
‘‘(2) any discounts, rebates, or promotional of-
ferings associated with a bona-fide transaction with 
a foreign-owned business or an organization associ-
ated with a foreign-owned business. 
‘‘(c) DEFINITIONS.—In this section— 
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‘‘(1) the term ‘foreign-owned business’ has the 
meaning given that term in section 102(j)(3)(B) of 
the Ethics in Government Act of 1978; and 
‘‘(2) the term ‘political appointee’ means any 
individual within the executive branch of Govern-
ment— 
‘‘(A) appointed by the President, by and 
with the advice and consent of the Senate; 
‘‘(B) occupying a position in the Senior 
Executive Service as a noncareer appointee (as 
such term is defined in section 3132(a) of title 
5); 
‘‘(C) occupying a senior position of a con-
fidential or policy-determining character under 
schedule C of subpart C of part 213 of title 5, 
Code of Federal Regulations; or 
‘‘(D) occupying any other position which 
has been excepted from the competitive service 
by reason of its confidential, policy-determining, 
policy-making, or policy-advocating character.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for chapter 11 of such title is amended by inserting after 
the item relating to section 220 the following new item: 
‘‘221. Prohibition on receipt of payments from foreign entities.’’. 
(c) APPLICATION.—The amendment made by sub-
section (a) shall apply to any payment described under 
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section 221 of title 18, United States Code, as added by 
subsection (a), received by a political appointee after the 
date of enactment of this Act. 
Æ 
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