Title: Presidential Disclosure of Foreign Business Transactions Act
Policy area: Government Operations and Politics

Summary:
Presidential Disclosure of Foreign Business Transactions Act
This bill directs the President: (1) within 90 days after first assuming office, to submit to the Department of the Treasury an initial report detailing any private business transaction with a foreign government conducted by the President during the previous 10 years; and (2) each month thereafter, to submit a report detailing any private business transaction between businesses affiliated with the President and foreign governments during that month.
A "business transaction" is defined as any transaction of more than $10,000 in relation to any private businesses or investments listed in the President's financial disclosure reports, including any report submitted pursuant to the Ethics in Government Act of 1978.
Such reports shall be made available on Treasury's public website.
A violation of this bill shall constitute a high crime and misdemeanor for purposes of the Constitution's impeachment provision.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2440 Introduced in House (IH)]

<DOC>






115th CONGRESS
  1st Session
                                H. R. 2440

 To require the President to report to the Treasury and make publicly 
 available past business transactions with foreign countries exceeding 
                    $10,000, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 16, 2017

Mr. Raskin (for himself and Ms. Jayapal) introduced the following bill; 
 which was referred to the Committee on Oversight and Government Reform

_______________________________________________________________________

                                 A BILL


 
 To require the President to report to the Treasury and make publicly 
 available past business transactions with foreign countries exceeding 
                    $10,000, 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 ``Presidential Disclosure of Foreign 
Business Transactions Act''.

SEC. 2. PRESIDENTIAL DISCLOSURE OF BUSINESS TRANSACTIONS WITH FOREIGN 
              COUNTRIES.

    (a) Initial Report.--
            (1) In general.--Not later than 90 days after the date on 
        which the President first assumes office, the President shall 
        submit to the Secretary of the Treasury an initial report 
        detailing any private business transaction with a foreign 
        government conducted by the President during the 10 years 
        immediately preceding the year in which the President first 
        assumes office.
            (2) Contents of initial report.--Any such report shall 
        include a detailed summary and purpose of the transaction, 
        including the recipient, location, time, and status of the 
        transaction.
            (3) Delayed initial report.--For a President who assumed 
        office before the date of enactment of this Act, the President 
        shall submit the initial report described in such paragraph not 
        later than 90 days after the enactment of this Act.
    (b) Monthly Report.--At the end of each month beginning after the 
month that the initial report is submitted under subsection (a) and 
ending the month after the President ceases to hold office, the 
President shall submit a report to the Secretary of the Treasury 
detailing any private business transaction between businesses 
affiliated with the President with foreign governments during that 
month. Any such report shall include the information required under 
subsection (a)(3) with respect to each such transaction.
    (c) Publication.--In order to ensure transparency and 
accountability to the American people, any report submitted under 
subsection (a) or (b) shall be made available on the public internet 
website of the Treasury.
    (d) Definition of Business Transaction.--In this section, the term 
``business transaction'' means any transaction of more than $10,000 in 
relation to any private businesses or investments listed in the 
President's financial disclosure reports, including any report 
submitted pursuant to the Ethics in Government Act of 1978 (5 U.S.C. 
App.).

SEC. 3. VIOLATIONS.

    A violation of this Act shall constitute a high crime and 
misdemeanor for the purposes of article II, section 4 of the 
Constitution of the United States.
                                 <all>