GIFTS Act

Bill: 117-hr-5729
Sponsor: full_name: Rep. Cooper, Jim [D-TN-5]
Introduced: 2021-10-26
Policy area: Government Operations and Politics
Latest action: action_date: 2021-10-26
text: Referred to the House Committee on Oversight and Reform.

Summaries:
action_date: 2021-10-26
action_desc: Introduced in House
text: <p><strong>Government Integrity is Not for Trade or Sale Act of 2021 or the GIFTS Act of 2021</strong></p> <p>This bill directs any federal entity accepting a gift or donation in exchange for naming rights to include certain conditions in the contract or agreement to accept such gift or donation.</p> <p>The entity may revoke any rights to name, designate, or redesignate the subject of any gift or donation contained in the contract without incurring liability or creating an obligation to return the gift or donation if a certain period of time has elapsed and in the reasonable view of such entity</p> <ul> <li>a criminal act or an ethical violation has been committed; and</li> <li>because of the act, the revocation of such rights is necessary to protect the reputation or integrity of the federal government.</li> </ul>  <ul> </ul>

tv_txt: I 117th CONGRESS 1st Session H. R. 5729 IN THE HOUSE OF REPRESENTATIVES October 26, 2021 Mr. Cooper (for himself, Mrs. Carolyn B. Maloney of New York , Mr. Lynch , Mr. Connolly , Mr. Welch , and Mr. Costa ) introduced the following bill; which was referred to the Committee on Oversight and Reform A BILL To direct any entity of the Federal Government accepting a gift or donation to include certain conditions in the contract or agreement to accept such gift or donation, and for other purposes.

1. Short title This Act may be cited as the Government Integrity is Not for Trade or Sale Act of 2021 or the GIFTS Act of 2021 . 2. Conditions for donation agreement (a) In general Any covered contract entered into by an entity of the Federal Government, including an agency or an instrumentality, shall include terms and conditions agreed upon by any party to such contract that include prescriptive requirements that reflect the termination conditions described in subsection (b). (b) Termination conditions The entity of the Federal Government described in subsection (a) may revoke any rights to name, designate, or redesignate the subject of any gift or donation (referred to in this section as naming rights ) contained in the contract described in such subsection without incurring liability or creating an obligation to return the gift or donation that is the subject of such contract to the donor under the following conditions: (1) A certain period of time has elapsed after the date of the contract, given that such period— (A) is at least 20 years; or (B) is otherwise agreed to by such entity and the donor. (2) In the reasonable view of such entity— (A) an act, including a criminal act or an ethical violation, has been committed before, on, or after the date of the contract, by— (i) the donor or an agent of such donor; or (ii) an individual with respect to which naming rights were awarded pursuant to the contract; and (B) because of the act described in subparagraph (A), the revocation of such rights is necessary to protect the reputation or integrity of the Federal Government. (c) Definition of covered contract In this Act, the term covered contract means any agreement or contract entered into by an entity of the Federal Government to— (1) accept a gift or donation from a donor; and (2) provide to the donor, or a third party as designated, naming rights in connection with the acceptance of such gift or donation.