3.0.0 2494 2023-01-11T13:36:44Z 2023-01-11T13:36:44Z House HR 2017-05-17 115 [Congressional Record Volume 163, Number 85 (Wednesday, May 17, 2017)][Pages H4311-H4312]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ESPAILLAT:H.R. 2494.Congress has the power to enact this legislation pursuantto the following:Article One of the United States Constitution, section 8,clause 18:The Congress shall have Power--To make all Laws which shallbe necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereofor[[Page H4312]]Article One of the United States Constitution, Section 8,Clause 3:The Congress shall have Power--To regulate Commerce withforeign Nations, and among the several States, and with theIndian tribes;]]> hsgo00 Oversight and Accountability Committee House Standing Referred to 2017-05-17T14:04:10Z 2017-05-17 Referred to the House Committee on Oversight and Government Reform. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2017-05-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-05-17 Introduced in House IntroReferral 1000 9 Library of Congress E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 N C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2017-05-17 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2017-05-17 True Government Operations and Politics Corporate finance and management Financial services and investments Government ethics and transparency, public corruption Presidents and presidential powers, Vice Presidents Government Operations and Politics 00 2017-05-17 Introduced in House 2018-01-25T21:14:52Z Drain the Swamp and the President's Assets Act

This bill amends the Ethics in Government Act of 1978 to prohibit the President from holding any asset that would be considered a disqualifying financial interest under applicable criminal code provisions.

The President may place any such asset into a blind trust. The trustee or other entity who is involved in the management or control of the blind trust shall divest the blind trust of such asset.

A violation of this bill's prohibition constitutes an impeachable offense.

]]> Drain the Swamp and the President's Assets Act Display Title Drain the Swamp and the President's Assets Act Official Title as Introduced To amend the Ethics in Government Act of 1978 to require the President to place any financial conflicts of interest into a blind trust, and for other purposes. Introduced in House IH Short Titles as Introduced Drain the Swamp and the President's Assets Act Introduced in House 2017-05-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2494ih/xml/BILLS-115hr2494ih.xml 2017-05-17 Referred to the House Committee on Oversight and Government Reform. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.