,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #adha  ,,in ,,the ,,house ,,of  
,,representatives  ,march #d1 #bjai,ms4 
,clark of ,massachusetts 7for herself   
and ,ms4 ,jayapal7 introduced the       
following bill2 which was referred to   
the ,committee on ,oversight and ,reform
  ,a ,,bill  ,to amend the ,ethics in   
,government ,act of #aigh to require the
 ,president and ,vice ,president to     
divest themselves of certain financial  
conflicts of interest1 and for other    
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,presidential       
,accountability ,act4  #b4 ,divestiture 
of personal financial interests of the  
,president and ,vice ,president that    
pose a potential conflict of interest   
7a7 ,in general ,the ,ethics in         
,government ,act of #aigh 7#e ,u4,s4,c4 
,app47 is amended by adding after title 
,,vi 7as added by section #hjjc7 the    
following3  ,,vii ,divestiture of       
,financial ,conflicts of ,interests of  
the ,president and ,vice ,president     

#gja4 ,divestiture of financial         
interests posing a conflict of interest 
7a7 ,applicability to the president and 
vice president ,the ,president and ,vice
 ,president shall1 within #cj days of   
assuming office1 divest of all financial
 interests that pose a conflict of      
interest because the ,president or ,vice
 ,president1 the spouse1 dependent      
child1 or general partner of the        
,president or ,vice ,president1 or any  
person or organization with whom the    
,president or ,vice ,president is       
negotiating or has any arrangement      
concerning prospective employment1 has a
 financial interest1 by--  7#a7         
converting each such interest to cash or
 other investment that meets the        
criteria established by the ,director of
 the ,office of ,government ,ethics     
through regulation as being an interest 
so remote or inconsequential as not to  
pose a conflict2 or  7#b7 placing each  
such interest in a qualified blind trust
 as defined in section #ajb7;f77#c7 or a

 diversified trust under section        
#ajb7;f77#d77;,b74  7b7 ,disclosure     
exemption ,subsection 7a7 shall not     
apply if the ,president or ,vice        
,president complies with section #ajb4  
4  7b7 ,additional disclosures ,section 
#ajb7;a7 of the ,ethics in ,government  
,act of #aigh 7#e ,u4,s4,c4 ,app47 is   
amended by adding at the end the        
following3  7#i7 ,with respect to any   
such report filed by the ,president or  
,vice ,president1 for any corporation1  
company1 firm1 partnership1 or other    
business enterprise in which the        
,president1 ,vice ,president1 or the    
spouse or dependent child of the        
,president or ,vice ,president1 has a   
significant financial interest--  7,a7  
the name of each other person who holds 
a significant financial interest in the 
firm1 partnership1 association1         
corporation1 or other entity2  7,b7 the 
value1 identity1 and category of each   
liability in excess of #aj1jjj2 and     
7,c7 a description of the nature and    

value of any assets with a value of     
#aj1jjj or more4  4  7c7 ,regulations   
,not later than #abj days after the date
 of enactment of this ,act1 the         
,director of the ,office of ,government 
,ethics shall promulgate regulations to 
define the criteria required by section 
#gja7;a77#a7 of the ,ethics in          
,government ,act of #aigh 7as added     
subsection 7a77 and the term significant
 financial interest for purposes of     
section #ajb7;a77#i7 of the ,ethics in  
,government ,act 7as added by subsection
 7b774