,i #aafth ,,congress #ast ,session ,h4 ,r4 #edcc ,,in ,,the ,,house ,,of ,,representatives ,december #ac1 #bjai,ms4 ,porter 7for herself and ,mr4 ,rose of ,new ,york7 introduced the following bill2 which was referred to the ,committee on ,oversight and ,reform1 and in addition to the ,committees on ,ways and ,means1 and the ,judiciary1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to require the disclosure of foreign business interests of senior ,government officials and their spouses and family members1 to require the ,president and ,vice ,president to disclose their tax returns1 to prevent political appointees from receiving payments from foreign entities1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,transparency in ,executive ,branch ,official ,finances ,act4 #b4 ,disclosure of foreign financial interests 7a7 ,in general ,section #ajb of the ,ethics in ,government ,act of #aigh 7#e ,u4,s4,c4 ,app4 #ajb7 is amended by adding at the end the following3 7j7 7#a7 ,any report filed pursuant to section #aja7;d7 by a senior ,government official shall include-- 7,a7 a description of any foreign business relationship of the official or spouse or member of family of the official2 7,b7 with respect to any member of family of the official1 the information required to be disclosed with respect to a spouse of the official under this title1 including those under section #ajb7;e72 and 7,c7 a disclosure on whether the official or spouse or member of family of the official owns-- 7i7 either directly or in combination with the holdings of any trust controlled by the member1 ten percent or more of the outstanding shares in a private enterprise or corporation2 or 7ii7 any intellectual property 7including any trademark1 copyright1 or patent7 protected or enforced by a foreign country4 7#b7 ,with respect to any affirmative disclosure made under paragraph 7#a77;,c77i71 the disclosure shall include-- 7,a7 the name of any applicable private enterprise or corporation2 7,b7 whether the private enterprise or corporation has engaged in1 during the previous #e years1 any business dealing 7including any sale1 purchase1 rental1 disposition or exchange of any goods1 services1 or property1 any license1 permit1 grant or benefit transaction7 equal to or greater than #be1jjj with a publicly traded company with foreign majority shareholders1 a foreign-owned business1 an organization associated with a foreign-owned business1 or a foreign national2 and 7,c7 with respect to any affirmative disclosure under subparagraph 7,b71 a list of any applicable publicly traded company with foreign majority shareholders1 foreign-owned business1 organization associated with a foreign-owned business1 or foreign national4 7#c7 ,with respect to any affirmative disclosure made under paragraph 7#a77;,c77ii71 a description of the applicable intellectual property4 7#d7 ,in this subsection-- 7,a7 the term foreign business relationship1 when used in connection with a senior ,government official or their spouse or member of family1 means any instance where the official1 spouse1 or member of family 7as the case may be7 holds any position with-- 7i7 a publicly traded company with foreign majority shareholders2 or 7ii7 a foreign-owned business or an organization associated with a foreign-owned business2 7,b7 the term foreign-owned business means a partnership1 association1 corporation1 organization1 or other combination of persons organized under the laws of or having its principal place of business in a foreign country2 7,c7 the term member of family1 when used in connection with a senior ,government official1 means a parent1 sibling1 child 7including an adopted child or a step-child71 aunt1 uncle1 or first cousin of the official2 and 7,d7 the term senior ,government official means-- 7i7 the ,president2 7ii7 the ,vice ,president2 and 7iii7 any political appointee 7as that term is defined in section #bba7;c77#b7 of title #ah1 ,united ,states ,code74 4 7b7 ,application ,the amendment made by subsection 7a7 shall apply to any report filed pursuant to section #aja7;d7 of the ,ethics in ,government ,act of #aigh 7#e ,u4,s4,c4 ,app4 #aja7;d77 after the date of enactment of this ,act4 #c4 ,disclosure of tax returns of ,president and ,vice ,president and candidates 7a7 ,in general ,section #ajb of the ,ethics in ,government ,act of #aigh 7#e ,u4,s4,c4 ,app471 as amended by section #a1 is further amended by adding at the end the following3 7k7 7#a7 ,any report filed pursuant to section #aja7;d7 by the ,president or the ,vice ,president shall include the ,president's or ,vice ,president's 7as the case may be7 return of ,federal income tax for the previous #e taxable years4 7#b7 ,any report filed pursuant to section #aja7;c7 by an individual who is a candidate for the office of ,president or ,vice ,president shall include the individual's return of ,federal income tax for the previous #e taxable years4 7#c7 ,the ,director of the ,office of ,government ,ethics may issue regulations authorizing the redaction of personal information as the ,director deems necessary to prevent identity theft or physical danger from disclosure of tax returns required under paragraphs 7#a7 and 7#b74 7#d7 ,not later than #cj days after the date that any tax returns are submitted by the ,president or ,vice ,president pursuant to paragraph 7#a7 or an individual who is a candidate for the office of ,president or ,vice ,president pursuant to paragraph 7#b71 the ,director shall publish such tax returns on the public ,internet website of the ,office4 4 7b7 ,disclosure permitted ,section #fajc7;i7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following3 7#i7 ,disclosure of tax returns under the ,ethics in ,government ,act of #aigh ,the ,director of the ,office of ,government ,ethics may publicly disclose returns described in section #ajb7k7 of the ,ethics in ,government ,act of #aigh 7#e ,u4,s4,c4 ,app4 #ajb7k77 to the extent such returns are required to be made available pursuant to such section4 4 7c7 ,application ,the amendments made by subsections 7a7 and 7b7 shall apply to any report filed pursuant to section #aja7;c7 or #aja7;d7 of the ,ethics in ,government ,act of #aigh and any disclosure made under section #fajc7;i7 of the ,internal ,revenue ,code of #aihf1 respectively1 after the date of enactment of this ,act4 #d4 ,prohibition on receipt of payments from foreign entities 7a7 ,in general ,title #ah1 ,united ,states ,code1 is amended by inserting after section #bbj the following3 #bba4 ,prohibition on receipt of payments from foreign entities 7a7 ,in general ,whoever1 being a political appointee1 solicits or receives any payment 7in cash or in kind7 from any foreign-owned business1 any organization affiliated with a foreign-owned business1 any organization affiliated with a foreign government1 or a foreign national1 shall be subject to the penalties set forth in section #baf4 7b7 ,exceptions ,this section does not apply to-- 7#a7 any payment 7including interest1 dividends1 or capital gains7 resulting from an investment in any stock1 mutual fund1 or trust described in section #dja7;a7 of the ,internal ,revenue ,code of #aihf which is exempt from taxation under section #eja7;a7 of such ,code 7including the ,thrift ,savings ,plan under subchapter ,,iii of chapter #hd of title #e72 or 7#b7 any discounts1 rebates1 or promotional offerings associated with a bona-fide transaction with a foreign-owned business or an organization associated with a foreign-owned business4 7c7 ,definitions ,in this section-- 7#a7 the term foreign-owned business has the meaning given that term in section #ajb7;j77#c77;,b7 of the ,ethics in ,government ,act of #aigh2 and 7#b7 the term political appointee means any individual within the executive branch of ,government-- 7,a7 appointed by the ,president1 by and with the advice and consent of the ,senate2 7,b7 occupying a position in the ,senior ,executive ,service as a noncareer appointee 7as such term is defined in section #cacb7;a7 of title #e72 7,c7 occupying a senior position of a confidential or policy-determining character under schedule ,c of subpart ,c of part #bac of title #e1 ,code of ,federal ,regulations2 or 7,d7 occupying any other position which has been excepted from the competitive service by reason of its confidential1 policy-determining1 policy-making1 or policy-advocating character4 4 7b7 ,clerical amendment ,the table of sections for chapter #aa of such title is amended by inserting after the item relating to section #bbj the following new item3 #bba4 ,prohibition on receipt of payments from foreign entities4 4 7c7 ,application ,the amendment made by subsection 7a7 shall apply to any payment described under section #bba of title #ah1 ,united ,states ,code1 as added by subsection 7a71 received by a political appointee after the date of enactment of this ,act4