Separation of Government and President's Financial Interests Act

Bill: 115-hr-2455
Sponsor: full_name: Rep. Jayapal, Pramila [D-WA-7]
Introduced: 2017-05-16
Policy area: Crime and Law Enforcement
Subjects: Corporate finance and management

Financial services and investments

Fraud offenses and financial crimes

Government ethics and transparency, public corruption

Presidents and presidential powers, Vice Presidents
Latest action: action_date: 2017-06-07
text: Referred to the Subcommittee on the Constitution and Civil Justice.

Summaries:
action_date: 2017-05-16
action_desc: Introduced in House
text: <p><b>Separation of Government and President's Financial Interests Act</b></p> <p>This bill amends the federal criminal code to broaden the scope of an existing conflict-of-interest restriction on federal executive branch officials.</p> <p>Current law prohibits a federal executive branch official from personally and substantially participating in a government matter in which that official (or an immediate family member, business partner, or associated organization of that individual) has a financial interest. This bill broadens the scope of the provision to also prohibit an executive branch official from personally and substantially participating in a government matter in which the President has a financial interest.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2455 IN THE HOUSE OF REPRESENTATIVES May 16, 2017 Ms. Jayapal (for herself and Mr. Raskin ) introduced the following bill; which was referred to the Committee on the Judiciary A BILL To prohibit Federal employees from taking certain acts affecting a financial interest of the President, and for other purposes.

1. Short title This Act may be cited as the Separation of Government and President’s Financial Interests Act . 2. Acts affecting a certain financial interests (a) In general Section 208 of title 18, United States Code, is amended— (1) in the heading by striking a personal financial interest and inserting certain financial interests ; (2) by striking or any person and inserting any person ; and (3) by inserting , or the President after prospective employment . (b) Application The amendments made by subsection (a) shall apply with respect to any act described in section 208 of title 18, United States Code, taken by an officer or employee after the date of enactment of this Act. (c) Conforming amendment The table of sections for chapter 11 of title 18, United States Code, is amended by striking the item relating to section 208 and inserting the following: 208. Acts affecting certain financial interests. .