,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #gebf ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #i1 #bjbj,mr4 ,gold5 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ov]sight & ,re=m1 & 9 addition to ! ,committee on ,h\se ,adm9i/ration1 = 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 am5d ! ,e?ics 9 ,gov]nm5t ,act ( #aigh to require s5ior ,gov]nm5t (ficials & _! family memb]s to dive/ =eign f9ancial int]e/s1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/op ,=eign ,pay(fs ,act4 #b4 ,dive/iture ( =eign f9ancial int]e/s 7a7 ,9 g5]al ,! ,e?ics 9 ,gov]nm5t ,act ( #aigh 7#e ,u4,s4,c4 ,app47 is am5d$ by add+ aft] title ,v ! foll[+3 ,,vi ,limitation on ,=eign ,f9ancial ,int]e/s #fja4 ,limitation on =eign f9ancial int]e/s 7a7 ,dive/iture 7#a7 ,9 g5]al ,a cov]$ individual may n hold any =eign f9ancial int]e/1 & %all dive/ ( any su* int]e/ by-- 7,a7 conv]t+ ea* su* int]e/ to ca% or o!r inve/m5t2 or 7,b7 plac+ ea* su* int]e/ 9 a qualifi$ bl9d tru/ z def9$ 9 section #ajb7;f77#c7 or a div]sifi$ tru/ "u section #ajb7;f77#d77;,b74 7#b7 ,application 7,a7 ,n lat] ?an #cj days aft] ! date regulations are promulgat$ to c>ry out ?is section1 a cov]$ individual hold+ any =eign f9ancial int]e/ on su* date %all dive/ ( su* int]e/ pursuant to p>agraph 7#a74 7,b7 ,)9 #cj days t an individual assumes an (fice describ$ "u subp>agraph 7,a71 7,b71 or 7,c7 ( subsection 7d77#a71 su* individual1 & any applicable individual describ$ "u subp>agraph 7,d7 ( su* subsection1 %all dive/ ( su* int]e/ pursuant to p>agraph 7#a74 7b7 ,prohibition on receiv+ =eign paym5ts ,a cov]$ individual may n receive any wage1 sal>y1 divid5d1 or any o!r paym5t f any =eign bus9ess4 7c7 ,en=cem5t 7#a7 ,9 g5]al ,! ,attorney ,g5]al may br+ a civil action 9 any appropriate ,unit$ ,/ates di/rict c\rt aga9/ any individual :o kn[+ly & willfully violates ! provisions ( ?is section4 ,! c\rt 9 :i* su* action is br\ght may assess aga9/ su* individual a civil p5alty 9 any am\nt n to exce$ twice ! value ( any =eign f9ancial int]e/ held1 or any unlawfully =eign paym5t receiv$1 9 violation ( ?is section4 7#b7 ,neglig5t violations ,! ,attorney ,g5]al may br+ a civil action 9 any appropriate ,unit$ ,/ates di/rict c\rt aga9/ any individual :o neglig5tly violates ! provisions ( ?is section4 ,! c\rt 9 :i* su* action is br\ght may assess aga9/ su* individual a civil p5alty 9 any am\nt n to exce$ ! value ( any =eign f9ancial int]e/ held1 or any unlawfully =eign paym5t receiv$1 9 violation ( ?is section4 7d7 ,def9itions ,= purposes ( ?is section-- 7#a7 ! t]m cov]$ individual means-- 7,a7 ! ,presid5t2 7,b7 a ,memb] ( ,congress 7z t t]m is def9$ 9 section #bajf ( title #e1 ,unit$ ,/ates ,code72 7,c7 any cab9et-level position )9 ! executive bran* ( ,gov]nm5t1 includ+ ! head ( any executive dep>tm5t 7z t t]m is def9$ 9 section #aja ( title #e1 ,unit$ ,/ates ,code72 & 7,d7 ! sp\se1 son1 daught]1 son-9-law1 or daught]-9-law ( any individual describ$ 9 subp>agraph 7,a71 7,b71 or 7,c72 7#b7 ! t]m =eign 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 =eign f9ancial int]e/ means any f9ancial int]e/ 9 a =eign bus9ess1 includ+ a /ock1 own]%ip int]e/1 bond1 or debt4 4 7b7 ,regulations ,n lat] ?an #abj days aft] ! date ( enactm5t ( ?is ,act-- 7#a7 ) respect to cov]$ individuals 7z t t]m is describ$ 9 subsection 7d77#a7 ( section #fja ( ! ,e?ics 9 ,gov]nm5t ,act ( #aigh1 z add$ 9 subsection 7a77 9 ! executive bran* 7includ+ ! ,vice ,presid5t71 ! ,director ( ! ,(fice ( ,gov]nm5t ,e?ics %all promulgate regulations to c>ry out su* section #fja2 & 7#b7 ) respect to cov]$ individuals 9 ! legislative bran*1 ! ,committee on ,e?ics ( ! ,h\se ( ,repres5tatives & ! ,select ,committee on ,e?ics ( ! ,s5ate %all promulgate regulations to c>ry out su* section #fja4