Congressional Foreign Entanglement Disclosure and Reduction Act

Bill: 117-hr-661
Sponsor: full_name: Rep. Posey, Bill [R-FL-8]
Introduced: 2021-02-01
Policy area: Congress
Subjects: Congressional oversight

Corporate finance and management

Government ethics and transparency, public corruption

Government information and archives

Members of Congress

U.S. and foreign investments
Latest action: action_date: 2021-02-01
text: Referred to the House Committee on House Administration.

Summaries:
action_date: 2021-02-01
action_desc: Introduced in House
text: <p><b>Congressional Foreign Entanglement Disclosure and Reduction Act</b></p> <p>This bill expands financial disclosure reporting provisions to require Members of Congress to include in their report any business ties the Member or his or her immediate family has with a foreign entity.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 661 IN THE HOUSE OF REPRESENTATIVES February 1, 2021 Mr. Posey introduced the following bill; which was referred to the Committee on House Administration A BILL To amend the Ethics in Government Act of 1978 to require Members of Congress to disclose business ties with foreign entities, and for other purposes.

1. Short title This Act may be cited as the Congressional Foreign Entanglement Disclosure and Reduction Act . 2. Disclosure by Members of Congress of business ties with foreign entities (a) In general Section 102 of the Ethics in Government Act of 1978 ( 5 U.S.C. App. 102 ) is amended by adding at the end the following: (j) Any report filed pursuant to section 101(d) by a Member of Congress shall include the disclosure of any business ties the Member or any member of the Member’s immediate family has (if any) with a foreign entity. If a Member of Congress makes an affirmative disclosure of any such ties, the Member shall include information detailing the nature of the business tie and foreign entity. . (b) Application The amendment made by subsection (a) shall apply to any report filed pursuant to section 101(d) of the Ethics in Government Act of 1978 ( 5 U.S.C. App. 101(d) ) after the date of enactment of this Act.