,,ii #aagth ,,congress #b;d ,session ,s4 #ceej ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #a1 #bjbb,mr4 ,sasse introduced the following bill2 which was read twice and referred to the ,committee on ,homeland ,security and ,governmental ,affairs ,a ,,bill ,to prohibit ,members of ,congress from buying or selling individual securities and lobbying for compensation after leaving ,congress1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,ethics ,reform ,act4 #b4 ,prohibition on buying or selling individual securities 7a7 ,in general ,no ,member of ,congress may buy or sell any individual security4 7b7 ,widely held investment funds ,subsection 7a7 shall not apply to the buying or selling of any widely held investment fund described in section #ajb7;f77#h7 of the ,ethics in ,government ,act of #aigh 7#e ,u4,s4,c4 ,app474 7c7 ,penalty ,whoever violates this section shall be fined not more than #a1jjj1jjj1 imprisoned for not more than #e years1 or both4 #c4 ,lobbying for compensation ban 7a7 ,purpose ,the purpose of this section is to prohibit ,members of ,congress from lobbying for compensation after leaving ,congress4 7b7 ,prohibition ,no individual serving as a ,member of ,congress on or after the date of enactment of this ,act shall1 upon the completion of the term of office of the ,member of ,congress1 accept compensation for offering any advice or engaging in written or oral communication with regard to-- 7#a7 the formulation1 modification1 or adoption of ,federal legislation 7including legislative proposals72 7#b7 the formulation1 modification1 or adoption of a ,federal rule1 regulation1 ,executive order1 or any other program1 policy1 or position of the ,united ,states ,government2 7#c7 the administration or execution of a ,federal program or policy 7including the negotiation1 award1 or administration of a ,federal contract1 grant1 loan1 permit1 or license72 7#d7 the nomination or confirmation of an individual for a position subject to confirmation by the ,senate2 or 7#e7 the representation of any party in a pending matter involving the ,federal ,government before a ,federal court or in a ,federal administrative proceeding4 7c7 ,exception ,subsection 7b7 shall not apply to full-time employment by or elected service in ,federal1 ,state1 or local government1 unless the activities described in that subsection constitute a primary responsibility of employment4 7d7 ,penalty ,whoever violates this section shall be fined the greater of not greater than #a1jjj1jjj or the value of the compensation received by the individual1 imprisoned for not more than #e years1 or both4 #d4 ,prohibition on immediate family members of certain covered officials soliciting or otherwise raising funds from certain foreign entities 7a7 ,definitions ,in this section3 7#a7 ,close associate ,the term close associate means1 with respect to a senior foreign political figure1 an individual who is widely and publicly known to maintain a close relationship with the senior foreign political figure1 unless it is established that such individual is a citizen of and domiciled within the ,united ,states4 7#b7 ,covered foreign entity ,the term covered foreign entity means-- 7,a7 a government of a foreign country2 7,b7 a foreign political party2 or 7,c7 any entity that is owned or controlled by a government of a foreign country or a foreign political party4 7#c7 ,covered official ,the term covered official means-- 7,a7 the ,president2 7,b7 the ,vice ,president2 and 7,c7 the head of a relevant agency or department4 7#d7 ,foreign political party2 government of a foreign country ,the terms foreign political party and government of a foreign country have the meanings given those terms in section #a of the ,foreign ,agents ,registration ,act of #aich1 as amended 7#bb ,u4,s4,c4 #faa74 7#e7 ,immediate family member of a covered official ,the term immediate family member of a covered official means1 with respect to a covered official1 a sibling1 spouse1 or child of the covered official4 7#f7 ,immediate family member of a senior foreign political figure ,the term immediate family member of a senior foreign political figure means1 with respect to a senior foreign political figure1 a sibling1 spouse1 or child of the senior foreign political figure1 unless it is established that such sibling1 spouse1 or child is a citizen of and domiciled within the ,united ,states4 7#g7 ,relevant agency or department ,the term relevant agency or department means-- 7,a7 the ,environmental ,protection ,agency2 or 7,b7 an ,executive department1 as defined in section #aja of title #e1 ,united ,states ,code4 7#h7 ,senior foreign political figure ,the term senior foreign political figure means-- 7,a7 a senior official in any branch of the government of a foreign country2 or 7,b7 a senior official of a foreign political party4 7b7 ,prohibition ,during the period in which an individual is serving as a covered official1 the covered official or the immediate family member of the covered official may not solicit or otherwise raise funds for any purpose from any-- 7#a7 covered foreign entity2 7#b7 senior foreign political figure2 7#c7 immediate family member of a senior foreign political figure2 7#d7 close associate of a senior foreign political figure2 or 7#e7 entity that is owned or controlled by an individual described in paragraph 7#b71 7#c71 or 7#d74 7c7 ,penalties ,whoever knowingly fails to comply with this section shall be fined not more than #a1jjj1jjj1 imprisoned not more than #e years1 or both4 7d7 ,effective date ,this section shall take effect on the date that is #cj days after the date of enactment of this ,act4 #e4 ,disclosure of returns and return information of candidates for ,president and ,vice ,president of the ,united ,states 7a7 ,in general ,subsection 7k7 of section #fajc of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new paragraph3 7#af7 ,disclosure of returns and return information of candidates for ,president and ,vice ,president of the ,united ,states 7,a7 ,in general ,the ,secretary shall disclose and make publicly available returns and return information1 except as provided in subparagraphs 7,b7 and 7,c71 of any candidate 7as defined in section #ijjb7b774 7,b7 ,exceptions ,the information disclosed under subparagraph 7,a7 shall not include the social security number of any individual1 any financial account number1 the name of any individual under age #ah1 or any home address of any individual 7other than the city and ,state in which such address is located74 7,c7 ,scope ,subparagraph 7,a7 shall apply to any return1 and return information included on any return1 which is filed within the #aj taxable years preceding the year in which the individual becomes a candidate 7as so defined74 4 7b7 ,effective date ,the amendment made by this section shall apply to individuals becoming a candidate 7within the meaning of section #ijjb7b7 of the ,internal ,revenue ,code of #aihf7 after the date of enactment of this ,act4 #f4 ,prohibition on contributions and donations by foreign nationals in connection with ballot initiatives and referenda 7a7 ,in general ,section #cai7;a77#a77;,a7 of the ,federal ,election ,campaign ,act of #aiga 7#eb ,u4,s4,c4 #cjaba7;a77#a77;,a77 is amended by striking election2 and inserting election1 including a ,state or local ballot initiative or referendum24 7b7 ,effective date ,the amendment made by this section shall apply with respect to elections held in #bjbc or any succeeding year4