,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #biej  ,,in ,,the ,,house ,,of  
,,representatives  ,may #bc1 #bjai,ms4  
,dean introduced the following bill2    
which was referred to the ,committee on 
,oversight and ,reform  ,a ,,bill  ,to  
amend the ,federal ,funding             
,accountability and ,transparency ,act  
of #bjjf to require full disclosure for 
entities receiving ,federal funding4    
#a4 ,short title ,this ,act may be cited
 as the ,know ,conflicts ,act of #bjai4 
#b4 ,full disclosure of entities        
receiving ,federal funding ,section #b  
of the ,federal ,funding ,accountability
 and ,transparency ,act of #bjjf 7#ca   
,u4,s4,c4 #faja note7 is amended--  7#a7
 in subsection 7a7-- 7,a7 by            
redesignating--  7i7 paragraphs 7#f7    
through 7#h7 as paragraphs 7#i7 through 
7#aa71 respectively2 and  7ii7          
paragraphs 7#a7 through 7#d7 as         
paragraphs 7#c7 through 7#g71           
respectively2  7,b7 by inserting before 
paragraph 7#b71 as redesignated1 the    

following3  7#a7 ,active financial      
conflict of interest ,the term active   
financial conflict of interest means any
 potential source of conflict that      
constitutes a financial interest in or  
liability owed to an entity reported as 
receiving a ,federal award under this   
,act4  7#b7 ,covered person ,the term   
covered person means the ,president1    
,vice ,president1 the spouse of the     
,president1 the spouse of the ,vice     
,president1 a dependent child of the    
,president1 or a dependent child of the 
,vice ,president4  2 and  7,c7 by       
inserting after paragraph 7#g71 as      
redesignated the following3  7#h7       
,potential source of conflict ,the term 
potential source of conflict means any  
financial interest or liability held by 
a covered person that-- 7,a7 7i7 is not 
a financial interest described in       
section #ajb7;f77#h7 of the ,ethics in  
,government ,act of #aigh 7#e ,u4,s4,c4 
,app472 and  7ii7 is included in a      
covered person's financial disclosure   

report required to be filed under       
section #aja of the ,ethics in          
,government ,act of #aigh 7#e ,u4,s4,c4 
,app472 or  7iii7 is otherwise          
identified by the ,director of the      
,office of ,government ,ethics as a     
potential source of conflict4  2 and    
7#b7 in subsection 7b77#a7-- 7,a7 in    
subparagraph 7,f77ii71 by striking the  
period at the end and inserting a       
semicolon2  7,b7 by redesignating       
subparagraph 7,g7 as subparagraph 7,h72 
and  7,c7 by inserting after            
subparagraph 7,f7 the following3  7,g7  
information indicating whether a        
,federal award has resulted in the      
existence of one or more active         
financial conflicts of interest2 and  4 
#c4 ,report ,not later than ,november   
#cj of each year1 the ,bureau of the    
,fiscal ,service of the ,department of  
the ,treasury shall submit to ,congress 
a report that includes a comprehensive  
accounting of all new or ongoing active 
conflicts of interest1 as defined in    

section #b of the ,federal ,funding     
,accountability and ,transparency ,act  
of #bjjf 7#ca ,u4,s4,c4 #faja note71 as 
amended by section #b of this ,act4