H.R.2440 - Presidential Disclosure of Foreign Business Transactions Act115th Congress (2017-2018) |
|Sponsor:||Rep. Raskin, Jamie [D-MD-8] (Introduced 05/16/2017)|
|Committees:||House - Oversight and Government Reform|
|Latest Action:||House - 05/16/2017 Referred to the House Committee on Oversight and Government Reform. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.2440 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (05/16/2017)
Presidential Disclosure of Foreign Business Transactions Act
This bill directs the President: (1) within 90 days after first assuming office, to submit to the Department of the Treasury an initial report detailing any private business transaction with a foreign government conducted by the President during the previous 10 years; and (2) each month thereafter, to submit a report detailing any private business transaction between businesses affiliated with the President and foreign governments during that month.
A "business transaction" is defined as any transaction of more than $10,000 in relation to any private businesses or investments listed in the President's financial disclosure reports, including any report submitted pursuant to the Ethics in Government Act of 1978.
Such reports shall be made available on Treasury's public website.
A violation of this bill shall constitute a high crime and misdemeanor for purposes of the Constitution's impeachment provision.