I 
119TH CONGRESS 
2D SESSION 
H. R. 7207 
To amend title 5, United States Code, to require the President and the 
Vice President to disclose financial interests and divest of any financial 
interest posing a potential conflict of interest, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 22, 2026 
Ms. CRAIG introduced the following bill; which was referred to the Committee 
on Oversight and Government Reform, and in addition to the Committee 
on the Judiciary, for a period to be subsequently determined by the 
Speaker, in each case for consideration of such provisions as fall within 
the jurisdiction of the committee concerned 
A BILL 
To amend title 5, United States Code, to require the Presi-
dent and the Vice President to disclose financial interests 
and divest of any financial interest posing a potential 
conflict of interest, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Presidential Conflicts 
of Interest Accountability Act’’. 
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the spouse or dependent child of the President 
or the Vice President; 
‘‘(B) at a minimum, include the informa-
tion relating to each such financial interest that 
is required for reports under section 13103(d) 
of this title; and 
‘‘(C) include the tax returns filed by or on 
behalf of the President or the Vice President, 
as applicable, for— 
‘‘(i) the 3 most recent taxable years; 
and 
‘‘(ii) each taxable year for which an 
audit of the return by the International 
Revenue Service is pending on the date on 
which the report is filed. 
‘‘(b) DIVESTITURE OF FINANCIAL INTERESTS POS-
ING A POTENTIAL CONFLICT OF INTEREST.— 
‘‘(1) IN
GENERAL.—The President, the Vice 
President, and the spouse and dependent child of the 
President and the Vice President shall divest of any 
financial interest posing a potential conflict of inter-
est by transferring such interest to a qualified blind 
trust. 
‘‘(2) TRUSTEE
DUTIES.—Not later than 30 
days after the date a financial interest is transferred 
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to a qualified blind trust under paragraph (1), the 
trustee of the qualified blind trust shall— 
‘‘(A) sell the financial interest and use the 
proceeds of such sale to purchase conflict-free 
holdings; or 
‘‘(B) sell the financial interest and return 
the proceeds of such sale to the President, the 
Vice President, or the spouse or dependent 
child of the President or the Vice President, as 
applicable. 
‘‘(c) REVIEW BY OFFICE OF GOVERNMENT ETH-
ICS.— 
‘‘(1) IN GENERAL.—The Director of the Office 
of Government Ethics shall submit to Congress, the 
President, and the Vice President an annual report 
regarding the financial interests of the President, 
the Vice President, and the spouse and dependent 
child of the President and the Vice President. 
‘‘(2) CONTENTS.—Each report submitted under 
paragraph (1) shall— 
‘‘(A) indicate whether any financial inter-
est is a financial interest posing a potential con-
flict of interest; 
‘‘(B) evaluate whether any previously held 
financial interest that was a financial interest 
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posing a potential conflict of interest was di-
vested in accordance with subsection (c); and 
‘‘(C) redact such information as the Direc-
tor of the Office of Government Ethics deter-
mines necessary for preventing identity theft, 
such as social security numbers or taxpayer 
identification numbers. 
‘‘(d) ENFORCEMENT.— 
‘‘(1) IN GENERAL.—The Attorney General or 
the attorney general of any State may seek declara-
tory or injunctive relief in a court of competent ju-
risdiction if— 
‘‘(A) the Director of the Office of Govern-
ment Ethics is unable to issue a report indi-
cating whether the President or the Vice Presi-
dent is in substantial compliance with sub-
section (c); or 
‘‘(B) there is probable cause to believe that 
the President or the Vice President has not 
complied with subsection (c). 
‘‘(2) FAIR
MARKET
VALUE.—In granting in-
junctive relief to the plaintiff, the court shall ensure 
that any divestment procedure shall ensure fair mar-
ket return for any asset that is liquidated. 
‘‘(e) DEFINITIONS.— 
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‘‘(1) IN GENERAL.—In this section— 
‘‘(A) the term ‘conflict-free holding’ means 
a financial interest that a reporting individual 
is not required to report under section 
13104(f)(8) of this title; 
‘‘(B) the term ‘dependent child’ has the 
meaning given that term in section 13101 of 
this title; 
‘‘(C) the term ‘financial interest’ means 
the items required to be included in reports 
filed pursuant to section 1303(d) and (e) of this 
title under section 13104(a) of this title; 
‘‘(D) the term ‘financial interest posing a 
potential conflict of interest’ means a financial 
interest of the President, the Vice President, or 
the spouse or dependent child of the President 
or the Vice President, as applicable, that— 
‘‘(i) constitutes a financial interest de-
scribed in section 208(a) of title 18, with-
out regard to any exception under sub-
section (b) of such section; or 
‘‘(ii) constitutes a present, emolument, 
office, or title, of any kind, from any king, 
prince, or foreign state (including from an 
entity owned or controlled by a foreign 
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government), within the meaning of article 
I, section 9 of the Constitution of the 
United States; 
‘‘(E) the term ‘qualified blind trust’ has 
the meaning given that term in section 
13104(f)(3) of this title; and 
‘‘(F) the term ‘tax return’— 
‘‘(i) means any Federal income tax re-
turn and any amendment or supplement 
thereto, including supporting schedules, at-
tachments, or lists which are supplemental 
to, or part of, the return for the taxable 
year; and 
‘‘(ii) includes any information return 
that reports information that does or may 
affect the liability for tax for the taxable 
year. 
‘‘(2) SUPERVISING
ETHICS
OFFICE.—For the 
purpose of the definition of ‘qualified blind trust’ in 
this section, the term ‘supervising ethics office’ in 
section 13104(f)(3) of this title means the Director 
of the Office of Government Ethics.’’. 
(c) APPLICATION
OF
DISCLOSURE
TO
SITTING 
PRESIDENT AND VICE PRESIDENT.—Any individual who 
is serving as the President or the Vice President on the 
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date of the enactment of this Act shall submit a disclosure 
of financial interests under section 13147 of title 5, 
United States Code, as added by subsection (a) of this 
section, not later than 30 days after the date of the enact-
ment of this Act. 
(d) RULEMAKING.—Not later than 180 days after the 
date of the enactment of this Act, the Office of Govern-
ment Ethics shall issue rules for the implementation of 
section 13147 of title 5, United States Code, as added by 
subsection (a) of this section. 
(e) CLERICAL AMENDMENT.—The table of contents 
for subchapter III of such title is amended by adding at 
the end the following item: 
‘‘13147. Financial interests of the President and the Vice President.’’. 
Æ 
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