‘‘(B) APPLICATION.—The requirements of 
subparagraph (A) shall only apply to the Presi-
dent, the Vice President, and any member of 
the President’s cabinet. 
‘‘(C) DEFINITION OF RELATIVE.—In this 
paragraph, the term ‘relative’ means an indi-
vidual who is related to the reporting individual 
as father, mother, son, daughter, brother, sis-
ter, uncle, aunt, first cousin, nephew, niece, 
husband, wife, father-in-law, mother-in-law, 
son-in-law, daughter-in-law, brother-in-law, sis-
ter-in-law, 
stepfather, 
stepmother, 
stepson, 
stepdaughter, 
stepbrother, 
stepsister, 
half 
brother, or half sister.’’. 
(b) TECHNICAL AND CONFORMING AMENDMENTS.— 
Section 13104(e) of title 5, United States Code, as amend-
ed by subsection (a), is further amended— 
(1) in the subsection heading, by striking 
‘‘SPOUSE
OR DEPENDENT CHILD’’ and inserting 
‘‘RELATIVES’’; and 
(2) in paragraph (1)— 
(A) in the paragraph heading, by striking 
‘‘IN GENERAL’’ and inserting ‘‘REPORTING IN-
FORMATION RELATING TO SPOUSE OR DEPEND-
ENT CHILD’’; and 
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(B) by striking ‘‘each report required by 
section 13103’’ inserting ‘‘each report required 
by subsections (a), (b), (c), and (e) of section 
13103’’. 
SEC. 5. PROHIBITIONS ON PRESIDENTIAL BUSINESS ACTIV-
ITY. 
(a) PROHIBITION.— 
(1) IN GENERAL.—Subchapter III of chapter 
131 of title 5, United States Code, is amended by 
inserting at the end the following: 
‘‘§ 13147. Prohibitions on business activities of Presi-
dent and Vice President 
‘‘(a) OWNERSHIP PROHIBITION.—The President and 
Vice President— 
‘‘(1) may not hold a financial interest in any 
firm, partnership, association, corporation, or other 
for-profit entity; and 
‘‘(2) shall divest, not later than 30 days after 
assuming office, of any such interest by converting 
any such interest into cash. 
‘‘(b) NAME
AND
LIKENESS
PROHIBITION.—The 
President or Vice President, and the spouse or any de-
pendent child of the President or Vice president, may 
not— 
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‘‘(1) use the President’s or Vice President’s 
name or likeness for profit; or 
‘‘(2) permit the use of the President’s or Vice 
President’s name or likeness by any firm, partner-
ship, association, corporation, or other for-profit en-
tity. 
‘‘(c) DECISION-MAKING PROHIBITION.—The Presi-
dent and Vice President may not serve as an officer, board 
member, or in any other role which holds decision-making 
power at any firm, partnership, association, corporation, 
or other for-profit entity. 
‘‘(d) EXCLUSION.—This section shall not apply to 
any financial interest held in a retirement account, includ-
ing any Federal, State, or local government employee re-
tirement plan.’’. 
(2) CLERICAL AMENDMENT.—The table of sec-
tions of such chapter is amended by inserting after 
the item relating to section 13146 the following: 
‘‘13147. Prohibitions on business activities of President and Vice President.’’. 
(b) CIVIL PENALTIES.—Section 13145 of title 5, 
United States Code, is amended by striking ‘‘section 
13143 or 13144’’ and inserting ‘‘section 13143, 13144, 
or 13147’’. 
Æ 
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