Disclosing Official Spending at Presidential Businesses Act

Bill: 115-hr-5873
Sponsor: full_name: Rep. Schiff, Adam B. [D-CA-28]
Introduced: 2018-05-17
Policy area: Government Operations and Politics
Subjects: Executive agency funding and structure

Government ethics and transparency, public corruption

Government information and archives

Presidents and presidential powers, Vice Presidents

Public contracts and procurement
Latest action: action_date: 2018-05-17
text: Referred to the House Committee on Oversight and Government Reform.

Summaries:
action_date: 2018-05-17
action_desc: Introduced in House
text: <p><b>Disclosing Official Spending at Presidential Businesses Act</b></p> <p>This bill requires each executive agency to submit a quarterly report to the Office of Government Ethics listing each instance that the agency obligated or expended federal funds with any privately held company that is owned by the President. With respect to each such instance, the report shall include the amount of the obligation or expenditure and the name of the company. Not later than 10 days after receiving a report, the office shall publish the report on its public website.</p>

tv_txt: I 115th CONGRESS 2d Session H. R. 5873 IN THE HOUSE OF REPRESENTATIVES May 17, 2018 Mr. Schiff (for himself, Ms. Clarke of New York , Mr. Cohen , Mr. DeFazio , Ms. Eshoo , Mr. Grijalva , Mr. Johnson of Georgia , Mr. McGovern , Mr. Moulton , Mr. Rush , and Mr. Sherman ) introduced the following bill; which was referred to the Committee on Oversight and Government Reform A BILL To disclose the use of Federal funds with any privately held company owned by the President, and for other purposes.

1. Short title This Act may be cited as the Disclosing Official Spending at Presidential Businesses Act . 2. Disclosure of expenditure of Federal funds at businesses owned by the President (a) In general The head of each Executive agency shall submit a quarterly report to the Director of the Office of Government Ethics listing each instance, during the most recently ended quarter, that the Executive agency obligated or expended Federal funds with any privately held company that is owned, either in whole or in part, directly or indirectly, including through trusts, by the President. With respect to each such instance, the report shall include— (1) the amount of the obligation or expenditure; and (2) the name of the company. (b) Publication Not later than 10 days after receiving a report under subsection (a), the Director shall publish the report on the Office’s public Internet website. (c) Definition of Executive agency In this section, the term Executive agency has the meaning given that term in section 105 of title 5, United States Code, and includes the United States Postal Service, the Postal Regulatory Commission, the White House, and the Executive Office of the President.