3.0.0 7581 2023-01-11T13:45:57Z 2023-01-11T13:45:57Z House HR 2020-07-13 116 [Congressional Record Volume 166, Number 125 (Monday, July 13, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CICILLINE:H.R. 7581.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution of the UnitedStates Constitution[Page H3083]]]> hsgo00 Oversight and Accountability Committee House Standing Referred to 2020-07-13T16:00:50Z Restoring the Public Trust Act 116 706 HR 2019-03-04 Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. Related bill CRS 2020-07-13 Referred to the House Committee on Oversight and Reform. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2020-07-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-13 Introduced in House IntroReferral 1000 9 Library of Congress C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 N Government Operations and Politics Congressional oversight Congressional-executive branch relations Corporate finance and management Family relationships Federal officials Financial services and investments Government ethics and transparency, public corruption Securities Government Operations and Politics 00 2020-07-13 Introduced in House 2020-10-23T15:34:37Z This bill requires certain government officials in the executive branch and their spouses to divest corporate and other financial interests.

Specifically, such officials must divest into a qualified blind trust any financial interest in a business for which the official is a trustee, partner, officer, director, or more than 10% shareholder. The trustee of the qualified blind trust must sell the interest and use the proceeds to purchase conflict-free holdings.

The bill's requirements apply to cabinet officials, senior executives, policy advisors, presidential appointees, specified White House personnel, and their spouses.

]]> To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes. Display Title To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes. Official Title as Introduced To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes. Introduced in House IH Introduced in House 2020-07-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7581ih/xml/BILLS-116hr7581ih.xml 2020-07-13 Referred to the House Committee on Oversight and 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.