[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3532 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 3532

To require the President to convert private businesses and investments 
 in order to prevent conflicts of interest under Federal law, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 28, 2017

Mr. Evans (for himself and Mr. McGovern) introduced the following bill; 
 which was referred to the Committee on Oversight and Government Reform

_______________________________________________________________________

                                 A BILL


 
To require the President to convert private businesses and investments 
 in order to prevent conflicts of interest under Federal law, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Conflict of Interest Presidency 
Act of 2017''.

SEC. 2. CONVERSION OF PRESIDENT'S ASSETS TO AVOID CONFLICT OF INTEREST.

    (a) In General.--In order to ensure that no financial conflict of 
interest exists, immediately after assuming office the President, 
acting in the interests of the American people, shall convert any 
private businesses and investments owned or held by the President into 
cash.
    (b) Permissible Assets.--Upon converting such private businesses 
and investments pursuant to subsection (a), the President shall 
purchase Treasury bills, notes, or bonds, widely diversified mutual 
funds, or any other holding that does not give rise to a financial 
conflict of interest.
    (c) Application.--The requirements of this section shall no longer 
apply after the date on which the President leaves office.
    (d) Definition of Private Businesses and Investments.--In this 
section, the term ``private businesses and investments'' includes the 
following entities owned or held, either whole or in part, by the 
President:
            (1) Real estate properties and ventures, including--
                    (A) golf courses;
                    (B) hotels;
                    (C) resorts and spas; or
                    (D) casinos.
            (2) For-profit education systems.
            (3) Modeling management agencies, including production 
        companies of beauty pageants.
            (4) Reality television and network affiliations.
            (5) Retail and consumer products.
            (6) Any other private businesses or investments listed in 
        the President's financial disclosure reports, including any 
        report under the Ethics in Government Act of 1978.

SEC. 3. VIOLATIONS.

    A violation of this Act shall constitute a high crime and 
misdemeanor for the purposes of article II, section 4 of the 
Constitution of the United States.
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