H.R.2027 - Drain the Swamp and the President's Assets Act116th Congress (2019-2020) |
|Sponsor:||Rep. Espaillat, Adriano [D-NY-13] (Introduced 04/02/2019)|
|Committees:||House - Oversight and Reform|
|Latest Action:||House - 04/02/2019 Referred to the House Committee on Oversight and 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.2027 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (04/02/2019)
Drain the Swamp and the President's Assets Act
This bill prohibits 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, and 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.