3.0.0 5362 2022-12-31T08:58:56Z 2022-12-31T08:58:56Z House HR 2021-09-24 117 [Congressional Record Volume 167, Number 166 (Friday, September 24, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GOLDEN:H.R. 5362.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H5174]]]> hsha00 Committee on House Administration House Standing Referred to 2021-09-24T13:02:20Z hsgo00 Oversight and Accountability Committee House Standing Referred to 2021-09-24T13:02:15Z 2021-09-24 Referred to the Committee on Oversight and Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsha00 Committee on House Administration 2021-09-24 Referred to the Committee on Oversight and Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2021-09-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-09-24 Introduced in House IntroReferral 1000 9 Library of Congress G000592 Rep. Golden, Jared F. [D-ME-2] Jared Golden D ME F. 2 N Government Operations and Politics Government Operations and Politics 00 2021-09-24 Introduced in House 2021-10-08T12:39:08Z Stop Foreign Payoffs Act

This bill prohibits certain government officials and their family members from holding foreign financial interests and also requires divestiture of any such interests in a prescribed manner and time frame.

Specifically, the bill prohibits the President, cabinet officials, and Members of Congress from holding any financial interest in, or receiving payment from, a foreign business. Such individuals must divest any such interest by either converting the interest into cash or another investment, or by placing the interest in a qualified blind trust or diversified trust; divestiture must occur no later than 30 days after either the issuance of implementing regulations or after the individual takes office. The bill's requirements apply to the spouses, children, sons-in-law, and daughters-in-law of such individuals.

]]> Stop Foreign Payoffs Act Official Title as Introduced To amend the Ethics in Government Act of 1978 to require senior Government officials and their family members to divest foreign financial interests, and for other purposes. Introduced in House IH Display Title Stop Foreign Payoffs Act Short Title(s) as Introduced Stop Foreign Payoffs Act Introduced in House IH Introduced in House 2021-09-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr5362ih/xml/BILLS-117hr5362ih.xml 2021-09-24 Referred to the Committee on Oversight and Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.