(2) take all necessary actions for the regula-
tions described under such amendment to take effect
as final regulations on the effective date of this sec-
tion.
SEC. 18. EXEMPT ORGANIZATIONS.
An organization described in section 501(c)(4) of the
Internal Revenue Code of 1986 which engages in lobbying
activities shall not be eligible for the receipt of Federal
funds constituting an award, grant, contract, loan, or any
other form.
SEC. 19. AMENDMENT TO THE FOREIGN AGENTS REGISTRA-
TION ACT (PUBLIC LAW 75–583).
Strike section 11 of the Foreign Agents Registration
Act of 1938, as amended, and insert in lieu thereof the
following:
‘‘SECTION 11. REPORTS TO THE CONGRESS.—The
Attorney General shall every six months report to the Con-
gress concerning administration of this Act, including reg-
istrations filed pursuant to the Act, and the nature,
sources and content of political propaganda disseminated
and distributed.’’.
SEC. 20. DISCLOSURE OF THE VALUE OF ASSETS UNDER
THE ETHICS IN GOVERNMENT ACT OF 1978.
(a) INCOME.—Section 102(a)(1)(B) of the Ethics in
Government Act of 1978 is amended—
(1) in clause (vii) by striking ‘‘or’’; and
(2) by striking clause (viii) and inserting the
following:
‘‘(viii) greater than $1,000,000 but not
more than $5,000,000, or
‘‘(ix) greater than $5,000,000.’’.
(b) ASSETS AND LIABILITIES.—Section 102(d)(1) of
the Ethics in Government Act of 1978 is amended—
(1) in subparagraph (F) by striking ‘‘and’’; and
(2) by striking subparagraph (G) and inserting
the following:
‘‘(G) greater than $1,000,000 but not
more than $5,000,000;
‘‘(H) greater than $5,000,000 but not
more than $25,000,000;
‘‘(I) greater than $25,000,000 but not
more than $50,000,000; and
‘‘(J) greater than $50,000,000.’’.
(c) EXCEPTION.—Section 102(e)(1) of the Ethics in
Government Act of 1978 is amended by adding after sub-
paragraph (E) the following:
‘‘(F) For purposes of this section, cat-
egories with amounts or values greater than
$1,000,000 set forth in sections 102(a)(1)(B)
and 102(d)(1) shall apply to the income, assets,
or liabilities of spouses and dependent children
only if the income, assets, or liabilities are held
jointly with the reporting individual. All other
income, assets, or liabilities of the spouse or de-
pendent children required to be reported under
this section in an amount or value greater than
$1,000,000 shall be categorized only as an
amount or value greater than $1,000,000.’’.
SEC. 21. BAN ON TRADE REPRESENTATIVE REPRESENTING
OR ADVISING FOREIGN ENTITIES.
(a) 
REPRESENTING
AFTER
SERVICE.—Section
207(f)(2) of title 18, United States Code, is amended by—
(1) inserting ‘‘or Deputy United States Trade
Representative’’ after ‘‘is the United States Trade
Representative’’; and
(2) striking ‘‘within 3 years’’ and inserting ‘‘at
any time’’.
(b) LIMITATION
ON
APPOINTMENT
AS
UNITED
STATES TRADE REPRESENTATIVE AND DEPUTY UNITED
STATES TRADE REPRESENTATIVE.—Section 141(b) of the
Trade Act of 1974 (19 U.S.C. 2171(b)) is amended by
adding at the end the following new paragraph:
‘‘(3) LIMITATION ON APPOINTMENTS.—A per-
son who has directly represented, aided, or advised
a foreign entity (as defined by section 207(f)(3) of
title 18, United States Code) in any trade negotia-
tion, or trade dispute, with the United States may
not be appointed as United States Trade Represent-
ative or as a Deputy United States Trade Rep-
resentative.’’.
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply with respect to an individual ap-
pointed as United States Trade Representative or as a
Deputy United States Trade Representative on or after
the date of enactment of this Act.
SEC. 22. FINANCIAL DISCLOSURE OF INTEREST IN QUALI-
FIED BLIND TRUST.
(a) IN GENERAL.—Section 102(a) of the Ethics in
Government Act of 1978 is amended by adding at the end
thereof the following:
‘‘(8) The category of the total cash value of any
interest of the reporting individual in a qualified
blind trust, unless the trust instrument was executed
prior to July 24, 1995 and precludes the beneficiary
from receiving information on the total cash value of
any interest in the qualified blind trust.’’.
(b) CONFORMING AMENDMENT.—Section 102(d)(1)
of the Ethics in Government Act of 1978 is amended by
striking ‘‘and (5) and inserting ‘‘(5), and (8)’’.
(c) EFFECTIVE DATE.—
(1) IN GENERAL.—Except as provided in para-
graph (2), the amendment made by this section shall
apply with respect to reports filed under title I of
the Ethics in Government Act of 1978 for calendar
year 1996 and thereafter.
SEC. 23. SENSE OF THE SENATE THAT LOBBYING EXPENSES
SHOULD REMAIN NONDEDUCTIBLE.
(a) FINDINGS.—The Senate finds that ordinary
Americans generally are not allowed to deduct the costs
of communicating with their elected representatives.
(b) SENSE OF THE SENATE.—It is the sense of the
Senate that lobbying expenses should not be tax deduct-
ible.
SEC. 24. EFFECTIVE DATES.
(a) Except as otherwise provided in this section, this
Act and the amendments made by this Act shall take ef-
fect on January 1, 1996.
(b) The repeals and amendments made under sec-
tions 13, 14, 15, and 16 shall take effect as provided
under subsection (a), except that such repeals and amend-
ments—
(1) shall not affect any proceeding or suit com-
menced before the effective date under subsection
(a), and in all such proceedings or suits, proceedings
shall be had, appeals taken, and judgments rendered
in the same manner and with the same effect as if
this Act had not been enacted; and
(2) shall not affect the requirements of Federal
agencies to compile, publish, and retain information
filed or received before the effective date of such re-
peals and amendments.
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