,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #edcc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ac1         
#bjai,ms4 ,port] 7= h]self & ,mr4 ,rose 
( ,new ,york7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on         
,ov]sight & ,re=m1 & 9 addition to !    
,committees on ,ways & ,means1 & !      
,judici>y1 = a p]iod to be subsequ5tly  
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to require ! disclosure (     
=eign bus9ess int]e/s ( s5ior ,gov]nm5t 
(ficials & _! sp\ses & family memb]s1 to
 require ! ,presid5t & ,vice ,presid5t  
to disclose _! tax returns1 to prev5t   
political appo9tees f receiv+ paym5ts f 
=eign entities1 & = o!r purposes4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,transp>5cy 9 ,executive ,bran* ,(ficial
 ,f9ances ,act4  #b4 ,disclosure ( =eign
 f9ancial int]e/s  7a7 ,9 g5]al ,section
 #ajb ( ! ,e?ics 9 ,gov]nm5t ,act (     
#aigh 7#e ,u4,s4,c4 ,app4 #ajb7 is am5d$

 by add+ at ! end ! foll[+3  7j7  7#a7  
,any report fil$ pursuant to section    
#aja7;d7 by a s5ior ,gov]nm5t (ficial   
%all include-- 7,a7 a description ( any 
=eign bus9ess relation%ip ( ! (ficial or
 sp\se or memb] ( family ( ! (ficial2   
7,b7 ) respect to any memb] ( family ( !
 (ficial1 ! in=mation requir$ to be     
disclos$ ) respect to a sp\se ( !       
(ficial "u ?is title1 includ+ ^? "u     
section #ajb7;e72 &  7,c7 a disclosure  
on :e!r ! (ficial or sp\se or memb] (   
family ( ! (ficial owns-- 7i7 ei!r      
directly or 9 comb9ation ) ! hold+s (   
any tru/ controll$ by ! memb]1 t5 p]c5t 
or m ( ! out/&+ %>es 9 a private        
ent]prise or corporation2 or  7ii7 any  
intellectual prop]ty 7includ+ any       
tradem>k1 copyright1 or pat5t7 protect$ 
or en=c$ by a =eign c\ntry4  7#b7 ,)    
respect to any affirmative disclosure   
made "u p>agraph 7#a77;,c77i71 !        
disclosure %all include--  7,a7 ! "n (  
any applicable private ent]prise or     
corporation2  7,b7 :e!r ! private       

ent]prise or corporation has engag$ 91  
dur+ ! previ\s #e ye>s1 any bus9ess     
deal+ 7includ+ any sale1 pur*ase1 r5tal1
 disposition or ex*ange ( any goods1    
s]vices1 or prop]ty1 any lic5se1 p]mit1 
grant or b5efit transaction7 equal to or
 great] ?an #be1jjj ) a publicly trad$  
company ) =eign majority %>ehold]s1 a   
=eign-own$ bus9ess1 an organization     
associat$ ) a =eign-own$ bus9ess1 or a  
=eign national2 &  7,c7 ) respect to any
 affirmative disclosure "u subp>agraph  
7,b71 a li/ ( any applicable publicly   
trad$ company ) =eign majority          
%>ehold]s1 =eign-own$ bus9ess1          
organization associat$ ) a =eign-own$   
bus9ess1 or =eign national4  7#c7 ,)    
respect to any affirmative disclosure   
made "u p>agraph 7#a77;,c77ii71 a       
description ( ! applicable intellectual 
prop]ty4  7#d7 ,9 ?is subsection-- 7,a7 
! t]m =eign bus9ess relation%ip1 :5 us$ 
9 connection ) a s5ior ,gov]nm5t (ficial
 or _! sp\se or memb] ( family1 means   
any in/ance :]e ! (ficial1 sp\se1 or    

memb] ( family 7z ! case may be7 holds  
any position )--  7i7 a publicly trad$  
company ) =eign majority %>ehold]s2 or  
7ii7 a =eign-own$ bus9ess or an         
organization associat$ ) a =eign-own$   
bus9ess2  7,b7 ! t]m =eign-own$ bus9ess 
means a p>tn]%ip1 association1          
corporation1 organization1 or o!r       
comb9ation ( p]sons organiz$ "u ! laws (
 or hav+ its pr9cipal place ( bus9ess 9 
a =eign c\ntry2  7,c7 ! t]m memb] (     
family1 :5 us$ 9 connection ) a s5ior   
,gov]nm5t (ficial1 means a p>5t1 sibl+1 
*ild 7includ+ an adopt$ *ild or a       
/ep-*ild71 aunt1 uncle1 or fir/ c\s9 ( !
 (ficial2 &  7,d7 ! t]m s5ior ,gov]nm5t 
(ficial means-- 7i7 ! ,presid5t2  7ii7 !
 ,vice ,presid5t2 &  7iii7 any political
 appo9tee 7z t t]m is def9$ 9 section   
#bba7;c77#b7 ( title #ah1 ,unit$ ,/ates 
,code74  4  7b7 ,application ,! am5dm5t 
made by subsection 7a7 %all apply to any
 report fil$ pursuant to section        
#aja7;d7 ( ! ,e?ics 9 ,gov]nm5t ,act (  
#aigh 7#e ,u4,s4,c4 ,app4 #aja7;d77 aft]

 ! date ( enactm5t ( ?is ,act4  #c4     
,disclosure ( tax returns ( ,presid5t & 
,vice ,presid5t & c&idates  7a7 ,9 g5]al
 ,section #ajb ( ! ,e?ics 9 ,gov]nm5t   
,act ( #aigh 7#e ,u4,s4,c4 ,app471 z    
am5d$ by section #a1 is fur!r am5d$ by  
add+ at ! end ! foll[+3  7k7  7#a7 ,any 
report fil$ pursuant to section #aja7;d7
 by ! ,presid5t or ! ,vice ,presid5t    
%all include ! ,presid5t's or ,vice     
,presid5t's 7z ! case may be7 return (  
,f$]al income tax = ! previ\s #e taxable
 ye>s4  7#b7 ,any report fil$ pursuant  
to section #aja7;c7 by an individual :o 
is a c&idate = ! (fice ( ,presid5t or   
,vice ,presid5t %all include !          
individual's return ( ,f$]al income tax 
= ! previ\s #e taxable ye>s4  7#c7 ,!   
,director ( ! ,(fice ( ,gov]nm5t ,e?ics 
may issue regulations au?oriz+ !        
r$action ( p]sonal in=mation z !        
,director deems necess>y to prev5t      
id5tity !ft or physical dang] f         
disclosure ( tax returns requir$ "u     
p>agraphs 7#a7 & 7#b74  7#d7 ,n lat] ?an

 #cj days aft] ! date t any tax returns 
are submitt$ by ! ,presid5t or ,vice    
,presid5t pursuant to p>agraph 7#a7 or  
an individual :o is a c&idate = ! (fice 
( ,presid5t or ,vice ,presid5t pursuant 
to p>agraph 7#b71 ! ,director %all      
publi% su* tax returns on ! public      
,int]net website ( ! ,(fice4  4  7b7    
,disclosure p]mitt$ ,section #fajc7;i7 (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by add+ at ! end ! foll[+3  7#i7  
,disclosure ( tax returns "u ! ,e?ics 9 
,gov]nm5t ,act ( #aigh ,! ,director ( ! 
,(fice ( ,gov]nm5t ,e?ics may publicly  
disclose returns describ$ 9 section     
#ajb7k7 ( ! ,e?ics 9 ,gov]nm5t ,act (   
#aigh 7#e ,u4,s4,c4 ,app4 #ajb7k77 to ! 
ext5t su* returns are requir$ to be made
 available pursuant to su* section4  4  
7c7 ,application ,! am5dm5ts made by    
subsections 7a7 & 7b7 %all apply to any 
report fil$ pursuant to section #aja7;c7
 or #aja7;d7 ( ! ,e?ics 9 ,gov]nm5t ,act
 ( #aigh & any disclosure made "u       
section #fajc7;i7 ( ! ,int]nal ,rev5ue  

,code ( #aihf1 respectively1 aft] ! date
 ( enactm5t ( ?is ,act4  #d4            
,prohibition on receipt ( paym5ts f     
=eign entities  7a7 ,9 g5]al ,title #ah1
 ,unit$ ,/ates ,code1 is am5d$ by ins]t+
 aft] section #bbj ! foll[+3  #bba4     
,prohibition on receipt ( paym5ts f     
=eign entities  7a7 ,9 g5]al ,:oev]1 be+
 a political appo9tee1 solicits or      
receives any paym5t 79 ca% or 9 k9d7 f  
any =eign-own$ bus9ess1 any organization
 affiliat$ ) a =eign-own$ bus9ess1 any  
organization affiliat$ ) a =eign        
gov]nm5t1 or a =eign national1 %all be  
subject to ! p5alties set =? 9 section  
#baf4  7b7 ,exceptions ,?is section does
 n apply to-- 7#a7 any paym5t 7includ+  
int]e/1 divid5ds1 or capital ga9s7      
result+ f an inve/m5t 9 any /ock1 mutual
 fund1 or tru/ describ$ 9 section       
#dja7;a7 ( ! ,int]nal ,rev5ue ,code (   
#aihf :i* is exempt f taxation "u       
section #eja7;a7 ( su* ,code 7includ+ ! 
,?rift ,sav+s ,plan "u sub*apt] ,,iii ( 
*apt] #hd ( title #e72 or  7#b7 any     

disc\nts1 rebates1 or promotional (f]+s 
associat$ ) a bona-fide transaction ) a 
=eign-own$ bus9ess or an organization   
associat$ ) a =eign-own$ bus9ess4  7c7  
,def9itions ,9 ?is section-- 7#a7 ! t]m 
=eign-own$ bus9ess has ! mean+ giv5 t   
t]m 9 section #ajb7;j77#c77;,b7 ( !     
,e?ics 9 ,gov]nm5t ,act ( #aigh2 &  7#b7
 ! t]m political appo9tee means any     
individual )9 ! executive bran* (       
,gov]nm5t-- 7,a7 appo9t$ by ! ,presid5t1
 by & ) ! advice & cons5t ( ! ,s5ate2   
7,b7 occupy+ a position 9 ! ,s5ior      
,executive ,s]vice z a nonc>e] appo9tee 
7z su* t]m is def9$ 9 section #cacb7;a7 
( title #e72  7,c7 occupy+ a s5ior      
position ( a confid5tial or             
policy-det]m9+ "* "u s*$ule ,c ( subp>t 
,c ( "p #bac ( title #e1 ,code ( ,f$]al 
,regulations2 or  7,d7 occupy+ any o!r  
position :i* has be5 except$ f !        
competitive s]vice by reason ( its      
confid5tial1 policy-det]m9+1            
policy-mak+1 or policy-advocat+ "*4  4  
7b7 ,cl]ical am5dm5t ,! table ( sections

 = *apt] #aa ( su* title is am5d$ by    
ins]t+ aft] ! item relat+ to section    
#bbj ! foll[+ new item3  #bba4          
,prohibition on receipt ( paym5ts f     
=eign entities4  4  7c7 ,application ,! 
am5dm5t made by subsection 7a7 %all     
apply to any paym5t describ$ "u section 
#bba ( title #ah1 ,unit$ ,/ates ,code1 z
 add$ by subsection 7a71 receiv$ by a   
political appo9tee aft] ! date (        
enactm5t ( ?is ,act4