,i #aaith ,,congress #ast ,session ,h4 ,r4 #ecei ,,in ,,the ,,house ,,of ,,representatives ,september #ae1 #bjbe,mr4 ,harder of ,california introduced the following bill2 which was referred to the ,committee on ,oversight and ,government ,reform ,a ,,bill ,to amend title #e1 ,united ,states ,code1 to require biannual financial disclosure reports for ,federal officials1 to prohibit certain acts by the ,president1 the ,vice ,president1 and their families1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,no ,bribes for ,politicians ,act of #bjbe4 #b4 ,prohibition on using gifts in conjunction with ,presidential duties ,section #gcdb7;c7 of title #e1 ,united ,states ,code1 is amended by inserting at the end the following3 7#d7 ,if an employee deposits a tangible gift of more than minimal value with an agency and such gift is for official use in conjunction with ,presidential duties-- 7,a7 such gift may not be used2 and 7,c7 the agency shall promptly dispose of such gift in accordance with subsection 7e74 4 #c4 ,biannual financial disclosure requirement ,section #acajc7;d7 of title #e1 ,united ,states ,code1 is amended to read as follows3 7d7 ,biannual reports 7#a7 ,in general ,any individual who is an officer or employee described in subsection 7f7-- 7,a7 during the #f-month period from ,january #a to ,june #cj of any calendar year beginning with calendar year #bjbf and performs the duties of the position or office for a period in excess of #fj days in such period shall file a report on or before ,october #ae of such calender year containing the information described in section #acajd7;a7 of this title2 and 7,b7 during the #f-month period from ,july #a to ,december #cj of any calendar year beginning with calendar year #bjbf and performs the duties of the position or office for a period in excess of #fj days in such period shall file a report on or before ,may #ae of the succeeding calendar year containing the information described in such section #acajd7;a74 7#b7 ,application ,with respect to any report under paragraph 7#a71 such section #acajd7;a7 shall be applied by substituting applicable #f-month period for preceding calendar year 4 #d4 ,expansion of financial disclosure requirements to relatives of ,president1 ,vice ,president1 and cabinet secretaries 7a7 ,in general ,section #acajd7;e7 of title #e1 ,united ,states ,code1 is amended by inserting at the end the following new paragraph3 7#c7 ,reporting information relating to certain relatives 7,a7 ,in general ,consistent with subparagraph 7,b71 each report required by subsection 7d7 of section #acajc of this title shall include the information listed in paragraphs 7#a7 through 7#e7 of subsection 7a7 of this section with respect to any relative of the reporting individual4 7,b7 ,application ,the requirements of subparagraph 7,a7 shall only apply to the ,president1 the ,vice ,president1 and any member of the ,president's cabinet4 7,c7 ,definition of relative ,in this paragraph1 the term relative means an individual who is related to the reporting individual as father1 mother1 son1 daughter1 brother1 sister1 uncle1 aunt1 first cousin1 nephew1 niece1 husband1 wife1 father-in-law1 mother-in-law1 son-in-law1 daughter-in-law1 brother-in-law1 sister-in-law1 stepfather1 stepmother1 stepson1 stepdaughter1 stepbrother1 stepsister1 half brother1 or half sister4 4 7b7 ,technical and conforming amendments ,section #acajd7;e7 of title #e1 ,united ,states ,code1 as amended by subsection 7a71 is further amended-- 7#a7 in the subsection heading1 by striking spouse or dependent child and inserting relatives2 and 7#b7 in paragraph 7#a7-- 7,a7 in the paragraph heading1 by striking ,in general and inserting ,reporting information relating to spouse or dependent child2 and 7,b7 by striking each report required by section #acajc inserting each report required by subsections 7a71 7b71 7c71 and 7e7 of section #acajc4 #e4 ,prohibitions on ,presidential business activity 7a7 ,prohibition 7#a7 ,in general ,subchapter ,,iii of chapter #aca of title #e1 ,united ,states ,code1 is amended by inserting at the end the following3 #acadg4 ,prohibitions on business activities of ,president and ,vice ,president 7a7 ,ownership prohibition ,the ,president and ,vice ,president-- 7#a7 may not hold a financial interest in any firm1 partnership1 association1 corporation1 or other for-profit entity2 and 7#b7 shall divest1 not later than #cj days after assuming office1 of any such interest by converting any such interest into cash4 7b7 ,name and likeness prohibition ,the ,president or ,vice ,president1 and the spouse or any dependent child of the ,president or ,vice president1 may not-- 7#a7 use the ,president's or ,vice ,president's name or likeness for profit2 or 7#b7 permit the use of the ,president's or ,vice ,president's name or likeness by any firm1 partnership1 association1 corporation1 or other for-profit entity4 7c7 ,decision-,making prohibition ,the ,president and ,vice ,president may not serve as an officer1 board member1 or in any other role which holds decision-making power at any firm1 partnership1 association1 corporation1 or other for-profit entity4 7d7 ,exclusion ,this section shall not apply to any financial interest held in a retirement account1 including any ,federal1 ,state1 or local government employee retirement plan4 4 7#b7 ,clerical amendment ,the table of sections of such chapter is amended by inserting after the item relating to section #acadf the following3 #acadg4 ,prohibitions on business activities of ,president and ,vice ,president4 4 7b7 ,civil penalties ,section #acade of title #e1 ,united ,states ,code1 is amended by striking section #acadc or #acadd and inserting section #acadc1 #acadd1 or #acadg4