Preventing Assets and Investments with No Transparency from Executive Relatives Act
Bill: H.R.4782 | Sponsor: Rep. Waltz, Michael (R-FL)
Policy area: Health

Summary:
Preventing Assets and Investments with No Transparency from Executive Relatives Act or the PAINTER Act
This bill extends the financial disclosures required under the Ethics in Government Act of 1978 to include any non-dependent child of the President or Vice President.
Non-dependent child means any individual who is a son, daughter, stepson, or stepdaughter of the reporting individual that is over the age of 17 and that is not a dependent child of such reporting individual.

To amend the Ethics in Government Act of 1978 to require the financial 
   disclosures regarding all children of the President and the Vice 
                   President, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Preventing Assets and Investments 
with No Transparency from Executive Relatives Act'' or the ``PAINTER 
Act''.

SEC. 2. FINANCIAL DISCLOSURES FORM.

    Section 102(e) of the Ethics in Government Act of 1978 (5 U.S.C. 
App.) is amended--
            (1) in paragraph (1)--
                    (A) in the matter preceding subparagraph (A), by 
                striking ``of the reporting individual as follows'' and 
                inserting the following: ``of the reporting individual 
                and, if the reporting individual is an individual 
                described in paragraph (1) or (2) of section 101(f), 
                respecting the non-dependent child of the reporting 
                individual, as follows'';
                    (B) in subparagraph (A), by inserting ``or non-
                dependent child'' after ``spouse'' each place it 
                appears;
                    (C) in subparagraph (B)--
                            (i) by striking ``by a spouse or dependent 
                        child'' and inserting ``by a spouse, dependent 
                        child, or non-dependent child''; and
                            (ii) by striking ``by the spouse or 
                        dependent child'' and inserting ``by the 
                        spouse, dependent child, or non-dependent 
                        child'';
                    (D) in subparagraph (C)--
                            (i) by striking ``by a spouse or dependent 
                        child'' and inserting ``by a spouse, dependent 
                        child, or non-dependent child''; and
                            (ii) by striking ``of the spouse or 
                        dependent child'' and inserting ``of the 
                        spouse, dependent child, or non-dependent 
                        child'';
                    (E) in subparagraph (D)--
                            (i) by striking ``by a spouse or dependent 
                        child'' and inserting ``by a spouse, dependent 
                        child, or non-dependent child''; and
                            (ii) by striking ``of the spouse or 
                        dependent child'' and inserting ``of the 
                        spouse, dependent child, or non-dependent 
                        child'';
                    (F) in subparagraph (E), by striking ``the spouse's 
                or dependent child's'' and inserting ``the spouse's, 
                dependent child's, or non-dependent child's'';
                    (G) by moving subparagraph (F) two ems to the left;
                    (H) in subparagraph (F)--
                            (i) by striking ``of spouses and dependent 
                        children'' and inserting ``of spouses, 
                        dependent children, and non-dependent 
                        children''; and
                            (ii) by striking ``of the spouse or 
                        dependent children'' and inserting ``of the 
                        spouse, dependent children, or non-dependent 
                        children''; and
                    (I) in the matter following subparagraph (F), by 
                striking ``to the spouse and dependent child'' and 
                inserting ``to the spouse, dependent child, and non-
                dependent child''; and
            (2) by adding at the end the following new paragraph:
            ``(3) In this subsection, the term `non-dependent child' 
        means any individual who is a son, daughter, stepson, or 
        stepdaughter of the reporting individual that is over the age 
        of 17 and that is not a dependent child of such reporting 
        individual.''.
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