,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cbie  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ai1 #bjag,ms4  
,max9e ,wat]s ( ,cali=nia 7= h]self1    
,mr4 ,cony]s1 & ,ms4 ,velzquez7         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ov]sight & ,gov]nm5t  
,re=m  ,a ,,bill  ,to require !         
,presid5t1 ! ,vice ,presid5t1 & c]ta9   
high-level (ficials to file a report ) !
 ,(fice ( ,gov]nm5t ,e?ics1 :5 sell+    
real prop]ty1 disclos+ ea* natural p]son
 :o is a b5eficial own] ( ! real prop]ty
 ^u completion ( ! sale1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,end ,secret ,hold+s &     
,e?ical & ,legal ,loopholes ,act ( #bjag
 or ! ,end ,s,h,e,l,ls ,act4  #b4       
,b5eficial own]%ip report+ requirem5t   
7a7 ,9 g5]al ,section #ajc ( ! ,e?ics 9 
,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4    
,app4 #ajc7 is am5d$ by add+ at ! end ! 
foll[+3  7m7  7#a7 ,n lat] ?an #cj days 
aft] ! sale ( real prop]ty by !         
,presid5t1 ! ,vice ,presid5t1 or any    

high-level (ficial 7:e!r su* sale is    
made directly or indirectly ?r\gh a     
tru/1 corporation1 or o!r legal entity  
or ?r\gh a nom9ee1 ag5t1 sp\se1 or m9or 
*ild71 ! ,presid5t1 ,vice ,presid5t1 or 
high-level (ficial1 z applicable1 %all  
file a report ) ! ,director ( ! ,(fice (
 ,gov]nm5t ,e?ics ) respect to su* sale1
 id5tify+ ! "n & curr5t resid5tial or   
bus9ess /reet address ( ea* natural     
p]son :o is a b5eficial own] ( ! real   
prop]ty ^u completion ( ! sale4  7#b7 ,!
 ,director ( ! ,(fice ( ,gov]nm5t ,e?ics
 %all make all reports fil$ pursuant to 
?is subsection available to ! public1   
includ+ on ! website ( ! ,(fice (       
,gov]nm5t ,e?ics4  7#c7 ,= purposes (   
?is subsection-- 7,a7 ) respect to real 
prop]ty1 ! t]m b5eficial own]--  7i7    
except z provid$ "u clause 7ii71 means a
 natural p]son :o1 directly or          
indirectly-- 7,i7 ex]cises sub/antial   
control ov] ! real prop]ty1 ?r\gh       
own]%ip int]e/s1 vot+ rights1 agreem5t1 
or o!rwise2 or  7,,ii7 has a sub/antial 

int]e/ 9 or receives sub/antial economic
 b5efits f ! real prop]ty2 &  7ii7 does 
n include--  7,i7 a m9or *ild2  7,,ii7 a
 natural p]son act+ z a nom9ee1         
int]m$i>y1 cu/odian1 or ag5t on behalf (
 ano!r p]son2  7,,iii7 a natural p]son  
act+ solely z an employee ( a           
corporation or limit$ liability company 
& ^: control ov] or receipt ( economic  
b5efits f ! real prop]ty d]ives solely f
 ! employm5t /atus ( ! p]son2  7,,iv7 a 
natural p]son ^: only int]e/ 9 ! real   
prop]ty is ?r\gh a "r ( inh]itance1     
unless ! natural p]son also meets !     
requirem5ts ( p>agraph 7#a72 or  7,v7 a 
cr$itor ( a p]son1 unless ! cr$itor also
 meets ! requirem5ts ( p>agraph 7#a72 & 
7,b7 ! t]m high-level (ficial--  7i7    
means-- 7,i7 any (fic] occupy+ a        
position li/$ 9 section #ecab or section
 #ecac ( title #e1 ,unit$ ,/ates ,code1 
hav+ be5 nom9at$ by ! ,presid5t &       
confirm$ by ! ,s5ate to t position2 &   
7,,ii7 any individual appo9t$ by !      
,presid5t or ,vice ,presid5t to a       

full-"t non-c>e] position 9 ! ,executive
 ,(fice ( ! ,presid5t2 &  7ii7 does n   
include any individual appo9t$ z a memb]
 ( ! ,s5ior ,=eign ,s]vice or solely z a
 uni=m$ s]vice commission$ (fic]4  4    
7b7 ,failure ,to file or fil+ false     
reports ,section #ajd ( ! ,e?ics 9      
,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4    
,app4 #ajd7 is am5d$ by /rik+ section   
#ajb ea* place su* t]m appe>s & ins]t+  
section #ajb or #ajc7m74  7c7 ,effective
 date ,section #ajc7m7 ( ! ,e?ics 9     
,gov]nm5t ,act ( #aigh1 z add$ by       
subsection 7a71 %all apply to sales (   
real prop]ty occurr+ aft] ! date ( !    
enactm5t ( ?is ,act4