Public Disclosure of Foreign Government Income Act of 2024

Bill: 118-s-5382
Sponsor: full_name: Sen. Warren, Elizabeth [D-MA]
Introduced: 2024-11-21
Policy area: Armed Forces and National Security
Latest action: action_date: 2024-11-21
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 5382 IN THE SENATE OF THE UNITED STATES November 21, 2024 Ms. Warren introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To require nominees for certain senior positions in the Department of Defense, the Department of State, the Department of the Treasury, and the Office of the Director of National Intelligence to publicly disclose information about recent financial transactions with foreign governments.

1. Short title This Act may be cited as the Public Disclosure of Foreign Government Income Act of 2024 . 2. Mandatory public disclosures by newly nominated civilians for certain senior government positions (a) Department of Defense Section 113(f) of title 10, United States Code, is amended— (1) by inserting (1) after (f) ; and (2) by adding at the end the following: (2) Not later than 5 days after the President submits to the Senate a nomination of an individual to occupy an office referred to in paragraph (1), such individual shall disclose, on a publicly accessible website of the Department of Defense, a full and complete statement with respect to— (A) the source, type, and amount or value of any funds received by such individual from the government of a foreign country, a foreign political party (as such terms are defined in section 1 of the Foreign Agent Registration Act of 1938 ( 22 U.S.C. 611 )), or a foreign governmental entity (as defined in section 1(m)(1)(B) of the State Department Basic Authorities Act ( 22 U.S.C. 2651a(m)(1)(B) ) during the 5-year period immediately preceding such nomination; and (B) the source, duration, and type of any goods or services provided by, or performed on behalf of or for the benefit of, a foreign government, foreign political party, or a foreign governmental entity controlled by a foreign government during such 5-year period. . (b) Department of the Treasury Section 301 of title 31, United States Code, is amended— (1) by redesignating subsection (g) as subsection (h); and (2) by inserting after subsection (f) the following: (g) Not later than 5 days after the President submits to the Senate a nomination of an individual to occupy an office authorized under this section requiring the advice and consent of the Senate, such individual shall disclose, on a publicly accessible website of the Department of the Treasury, a full and complete statement with respect to— (1) the source, type, and amount or value of any funds received by such individual from the government of a foreign country, a foreign political party (as such terms are defined in section 1 of the Foreign Agent Registration Act of 1938 ( 22 U.S.C. 611 )), or a foreign governmental entity (as defined in section 1(m)(1)(B) of the State Department Basic Authorities Act ( 22 U.S.C. 2651a(m)(1)(B) ) during the 5-year period immediately preceding such nomination; and (2) the source, duration, and type of any goods or services provided by, or performed on behalf of or for the benefit of, a foreign government, foreign political party, or a foreign governmental entity controlled by a foreign government during such 5-year period. . (c) Department of State Section 1 of the State Department Basic Authorities Act of 1956 ( 22 U.S.C. 2651a ) is amended by adding at the end the following: (p) Disclosure requirement Not later than 5 days after the President submits to the Senate a nomination of an individual to occupy an office authorized under this section requiring the advice and consent of the Senate, such individual shall disclose, on a publicly accessible website of the Department of State, a full and complete statement with respect to— (1) the source, type, and amount or value of any funds received by such individual from the government of a foreign country, a foreign political party (as such terms are defined in section 1 of the Foreign Agent Registration Act of 1938 ( 22 U.S.C. 611 )), or a foreign governmental entity (as defined in section 1(m)(1)(B) of the State Department Basic Authorities Act ( 22 U.S.C. 2651a(m)(1)(B) )) during the 5-year period immediately preceding such nomination; and (2) the source, duration, and type of any goods or services provided by, or performed on behalf of or for the benefit of, a foreign government, foreign political party, or a foreign governmental entity controlled by a foreign government during such 5-year period. . (d) Intelligence agencies Title I of the National Security Act of 1947 ( 50 U.S.C. 3021 et seq. ) is amended by inserting after section 106A the following: 107. Disclosure requirement Not later than 5 days after the President submits to the Senate a nomination of an individual to occupy an office authorized under this title requiring the advice and consent of the Senate, such individual shall disclose, on a publicly accessible website of the Office of the Director of National Intelligence, a full and complete statement with respect to— (1) the source, type, and amount or value of any funds received by such individual from the government of a foreign country, a foreign political party (as such terms are defined in section 1 of the Foreign Agent Registration Act of 1938 ( 22 U.S.C. 611 )), or a foreign governmental entity (as defined in section 1(m)(1)(B) of the State Department Basic Authorities Act ( 22 U.S.C. 2651a(m)(1)(B) )) during the 5-year period immediately preceding such nomination; and (2) the source, duration, and type of any goods or services provided by, or performed on behalf of or for the benefit of, a foreign government, foreign political party, or a foreign governmental entity controlled by a foreign government during such 5-year period. .