,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #geha  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #ac1 #bjbj ,mr4 
,cicill9e introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ov]sight &  
,re=m  ,a ,,bill  ,to require c]ta9     
(fic]s & employees 9 ! executive bran* (
 ! ,f$]al ,gov]nm5t to dive/ c]ta9      
f9ancial int]e/s1 & = o!r purposes4  #a4
 ,dive/iture ( c]ta9 f9ancial int]e/s ( 
,f$]al (fic]s & employees & sp\ses  7a7 
,def9itions ,9 ?is ,act-- 7#a7 ! t]m    
cov]$ significant bus9ess int]e/--  7,a7
 means any f9ancial int]e/ ( a cov]$    
(fic] or employee 9 a corporation1      
company1 association1 firm1 p>tn]%ip1   
proprietor%ip1 or any o!r bus9ess entity
 ( :i* ! cov]$ (fic] or employee is--   
7i7 a tru/ee2  7ii7 a p>tn]2  7iii7 an  
(fic]2  7iv7 a director2 or  7v7 a      
%>ehold] :o holds m ?an #aj p]c5t ( any 
class ( equity securities2 &  7,b7 does 
n include any f9ancial int]e/ consi/+ ( 
obligations issu$ by ! ,treasury1       
div]sifi$ mutual funds t qualify = a    

regulatory exemption1 or resid5tial     
prop]ty t is n held = ! production (    
r5tal or o!r income2  7#b7 ! t]ms       
conflict-free hold+ & qualifi$ bl9d tru/
 h ! mean+s giv5 ^? t]ms 9 sections     
#ajb7;f77#c7 & #ajb7;f77#h71            
respectively1 ( ! ,e?ics 9 ,gov]nm5t    
,act ( #aigh 7#e ,u4,s4,c4 ,app472 &    
7#c7 ! t]m cov]$ (fic] or employee      
means-- 7,a7 any individual occupy+ a   
position--  7i7 li/$ "u ! ,executive    
,s*$ule 7sub*apt] ,,ii ( *apt] #ec (    
title #e1 ,unit$ ,/ates ,code72  7ii7 9 
! ,s5ior ,executive ,s]vice z a nonc>e] 
appo9tee 7z t t]m is def9$ 9 section    
#cacb7;a7 if su* title72  7iii7 ( a     
confid5tial or policy-det]m9+ "* "u     
s*$ule ,c ( subp>t ,c ( "p #bac ( title 
#e1 ,code ( ,f$]al ,regulations2 or     
7iv7 9 ! executive bran* ^: appo9tm5t is
 made by ! ,presid5t1 by & ) ! advice & 
cons5t ( ! ,s5ate2 &  7,b7 any          
individual occupy+ any ( ! foll[+       
positions3 7i7 ,assi/ant to ! ,presid5t 
= ,national ,security ,affairs4  7ii7   

,assi/ant to ! ,presid5t & ,*ief (      
,/aff4  7iii7 ,assi/ant to ! ,presid5t &
 ,deputy ,*ief ( ,/aff4  7iv7 ,assi/ant 
to ! ,presid5t & ,deputy ,*ief ( ,/aff =
 ,communications 7or ,director (        
,communications74  7v7 ,assi/ant to !   
,presid5t & ,press ,secret>y4  7vi7     
,s5ior ,advisor to ! ,presid5t4  7vii7  
,assi/ant to ! ,presid5t & ,/aff        
,secret>y4  7viii7 ,assi/ant to !       
,presid5t = ,homel& ,security &         
,c\nt]t]rorism4  7ix7 ,assi/ant to !    
,presid5t & ,c\nselor to ! ,presid5t4   
7x7 ,director ( ! ,national ,economic   
,c\ncil4  7xi7 ,director ( ! ,dome/ic   
,policy ,c\ncil4  7xii7 ,assi/ant to !  
,presid5t & ,*ief ( ,/aff or ,deputy    
,*ief ( ,/aff to ! ,vice ,presid5t4     
7xiii7 ,special ,assi/ant to ! ,presid5t
 & ,director ( ,communications = ! ,vice
 ,presid5t4  7xiv7 ,press ,secret>y to !
 ,vice ,presid5t4  7xv7 ,s5ior ,advisor 
to ! ,vice ,presid5t4  7xvi7 ,deputy    
,assi/ant to ! ,presid5t & ,national    
,security ,advisor or ,deputy ,national 

,security ,advisor to ! ,vice ,presid5t4
  7xvii7 ,deputy ,assi/ant to !         
,presid5t & ,c\nselor to ! ,vice        
,presid5t4  7xviii7 ,assi/ant to !      
,presid5t & ,:ite ,h\se ,c\nsel4  7b7   
,dive/iture ( cov]$ significant bus9ess 
int]e/  7#a7 ,9 g5]al ,a cov]$ (fic] or 
employee or ! sp\se ( any su* (fic] or  
employee %all dive/ ( any cov]$         
significant bus9ess int]e/ by transf]r+ 
su* int]e/ to a qualifi$ bl9d tru/4     
7#b7 ,tru/ee duties ,)9 a reasonable    
p]iod ( "t aft] ! date a cov]$          
significant bus9ess int]e/ is transf]r$ 
to a qualifi$ bl9d tru/ "u p>agraph     
7#a71 ! tru/ee ( ! qualifi$ bl9d tru/   
%all-- 7,a7 sell ! int]e/2 &  7,b7 use !
 proce$s ( ! sale ( ! int]e/ to pur*ase 
conflict-free hold+s4  7c7 ,en=cem5t ,! 
,attorney ,g5]al1 ! attorney g5]al ( any
 ,/ate1 or any p]son aggriev$ by any    
violation ( subsection 7b7 may seek     
decl>atory or injunctive relief 9 a c\rt
 ( compet5t jurisdiction if !re is      
probable cause to believe t a cov]$     

(fic] or employee or ! sp\se ( su* an   
(fic] or employee has n compli$ ) su*   
subsection4