,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #gbjg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #bb1 #bjbf,ms4
 ,craig introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ov]sight &   
,gov]nm5t ,re=m1 & 9 addition to !      
,committee on ! ,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 am5d title #e1  
,unit$ ,/ates ,code1 to require !       
,presid5t & ! ,vice ,presid5t to        
disclose f9ancial int]e/s & dive/ ( any 
f9ancial int]e/ pos+ a pot5tial conflict
 ( int]e/1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z !         
,presid5tial ,conflicts ( ,int]e/       
,acc\ntability ,act4  #b4 ,f9ancial     
int]e/s ( ! ,presid5t & ,vice ,presid5t 
7a7 ,acts affect+ a p]sonal f9ancial    
int]e/ ,section #bjh ( title #ah1 ,unit$
 ,/ates ,code1 is am5d$ by add+ at ! end
 ! foll[+ new subsection3  7e7 ,= !     
purposes ( ?is section1 ! t]ms (fic] &  

employee %all include ! ,presid5t & !   
,vice ,presid5t4  4  7b7 ,limitation on 
f9ancial int]e/s ,sub*apt] ,,iii ( *apt]
 #aca ( title #e1 ,unit$ ,/ates ,code1  
is am5d$ by add+ at ! end ! foll[+ new  
section3  #acadg4 ,f9ancial int]e/s ( ! 
,presid5t & ! ,vice ,presid5t  7a7      
,initial f9ancial disclosure  7#a7      
,submission ( disclosure ,n lat] ?an #cj
 days aft] assum+ ! (fice ( ,presid5t or
 ,vice ,presid5t1 respectively1 !       
,presid5t & ! ,vice ,presid5t %all      
submit to ,congress & ! ,director (     
,gov]nm5t ,e?ics a disclosure ( f9ancial
 int]e/s4  7#b7 ,cont5ts ,! disclosure (
 f9ancial int]e/s submitt$ "u p>agraph  
7#a7 %all-- 7,a7 describe 9 detail ea*  
f9ancial int]e/ ( ! ,presid5t or ! ,vice
 ,presid5t1 or ! sp\se or dep5d5t *ild (
 ! ,presid5t or ! ,vice ,presid5t2  7,b7
 at a m9imum1 include ! in=mation relat+
 to ea* su* f9ancial int]e/ t is requir$
 = reports "u section #acajc7;d7 ( ?is  
title2 &  7,c7 include ! tax returns    
fil$ by or on behalf ( ! ,presid5t or ! 

,vice ,presid5t1 z applicable1 =-- 7i7 !
 #c mo/ rec5t taxable ye>s2 &  7ii7 ea* 
taxable ye> = :i* an audit ( ! return by
 ! ,int]national ,rev5ue ,s]vice is p5d+
 on ! date on :i* ! report is fil$4  7b7
 ,dive/iture ( f9ancial int]e/s pos+ a  
pot5tial conflict ( int]e/  7#a7 ,9     
g5]al ,! ,presid5t1 ! ,vice ,presid5t1 &
 ! sp\se & dep5d5t *ild ( ! ,presid5t & 
! ,vice ,presid5t %all dive/ ( any      
f9ancial int]e/ pos+ a pot5tial conflict
 ( int]e/ by transf]r+ su* int]e/ to a  
qualifi$ bl9d tru/4  7#b7 ,tru/ee duties
 ,n lat] ?an #cj days aft] ! date a     
f9ancial int]e/ is transf]r$ to a       
qualifi$ bl9d tru/ "u p>agraph 7#a71 !  
tru/ee ( ! qualifi$ bl9d tru/ %all--    
7,a7 sell ! f9ancial int]e/ & use !     
proce$s ( su* sale to pur*ase           
conflict-free hold+s2 or  7,b7 sell !   
f9ancial int]e/ & return ! proce$s ( su*
 sale to ! ,presid5t1 ! ,vice ,presid5t1
 or ! sp\se or dep5d5t *ild ( !         
,presid5t or ! ,vice ,presid5t1 z       
applicable4  7c7 ,review by ,(fice (    

,gov]nm5t ,e?ics  7#a7 ,9 g5]al ,!      
,director ( ! ,(fice ( ,gov]nm5t ,e?ics 
%all submit to ,congress1 ! ,presid5t1 &
 ! ,vice ,presid5t an annual report     
reg>d+ ! f9ancial int]e/s ( ! ,presid5t1
 ! ,vice ,presid5t1 & ! sp\se & dep5d5t 
*ild ( ! ,presid5t & ! ,vice ,presid5t4 
7#b7 ,cont5ts ,ea* report submitt$ "u   
p>agraph 7#a7 %all-- 7,a7 indicate :e!r 
any f9ancial int]e/ is a f9ancial int]e/
 pos+ a pot5tial conflict ( int]e/2     
7,b7 evaluate :e!r any previ\sly held   
f9ancial int]e/ t 0 a f9ancial int]e/   
pos+ a pot5tial conflict ( int]e/ 0     
dive/$ 9 accordance ) subsection 7c72 & 
7,c7 r$act su* in=mation z ! ,director (
 ! ,(fice ( ,gov]nm5t ,e?ics det]m9es   
necess>y = prev5t+ id5tity !ft1 su* z   
social security numb]s or taxpay]       
id5tification numb]s4  7d7 ,en=cem5t    
7#a7 ,9 g5]al ,! ,attorney ,g5]al or !  
attorney g5]al ( any ,/ate may seek     
decl>atory or injunctive relief 9 a c\rt
 ( compet5t jurisdiction if-- 7,a7 !    
,director ( ! ,(fice ( ,gov]nm5t ,e?ics 

is unable to issue a report indicat+    
:e!r ! ,presid5t or ! ,vice ,presid5t is
 9 sub/antial compliance ) subsection   
7c72 or  7,b7 !re is probable cause to  
believe t ! ,presid5t or ! ,vice        
,presid5t has n compli$ ) subsection    
7c74  7#b7 ,fair m>ket value ,9 grant+  
injunctive relief to ! pla9tiff1 ! c\rt 
%all ensure t any dive/m5t proc$ure %all
 ensure fair m>ket return = any asset t 
is liquidat$4  7e7 ,def9itions  7#a7 ,9 
g5]al ,9 ?is section-- 7,a7 ! t]m       
conflict-free hold+ means a f9ancial    
int]e/ t a report+ individual is n      
requir$ to report "u section            
#acajd7;f77#h7 ( ?is title2  7,b7 ! t]m 
dep5d5t *ild has ! mean+ giv5 t t]m 9   
section #acaja ( ?is title2  7,c7 ! t]m 
f9ancial int]e/ means ! items requir$ to
 be includ$ 9 reports fil$ pursuant to  
section #acjc7;d7 & 7e7 ( ?is title "u  
section #acajd7;a7 ( ?is title2  7,d7 ! 
t]m f9ancial int]e/ pos+ a pot5tial     
conflict ( int]e/ means a f9ancial      
int]e/ ( ! ,presid5t1 ! ,vice ,presid5t1

 or ! sp\se or dep5d5t *ild ( !         
,presid5t or ! ,vice ,presid5t1 z       
applicable1 t--  7i7 con/itutes a       
f9ancial int]e/ describ$ 9 section      
#bjh7;a7 ( title #ah1 )\t reg>d to any  
exception "u subsection 7b7 ( su*       
section2 or  7ii7 con/itutes a pres5t1  
emolum5t1 (fice1 or title1 ( any k9d1 f 
any k+1 pr9ce1 or =eign /ate 7includ+ f 
an entity own$ or controll$ by a =eign  
gov]nm5t71 )9 ! mean+ ( article ,i1     
section #i ( ! ,con/itution ( ! ,unit$  
,/ates2  7,e7 ! t]m qualifi$ bl9d tru/  
has ! mean+ giv5 t t]m 9 section        
#acajd7;f77#c7 ( ?is title2 &  7,f7 !   
t]m tax return-- 7i7 means any ,f$]al   
income tax return & any am5dm5t or      
supplem5t !reto1 includ+ support+       
s*$ules1 atta*m5ts1 or li/s :i* are     
supplem5tal to1 or "p (1 ! return = !   
taxable ye>2 &  7ii7 includes any       
in=mation return t reports in=mation t  
does or may affect ! liability = tax = !
 taxable ye>4  7#b7 ,sup]vis+ e?ics     
(fice ,= ! purpose ( ! def9ition (      

qualifi$ bl9d tru/ 9 ?is section1 ! t]m 
sup]vis+ e?ics (fice 9 section          
#acajd7;f77#c7 ( ?is title means !      
,director ( ! ,(fice ( ,gov]nm5t ,e?ics4
  4  7c7 ,application ( disclosure to   
sitt+ ,presid5t & ,vice ,presid5t ,any  
individual :o is s]v+ z ! ,presid5t or !
 ,vice ,presid5t on ! date ( ! enactm5t 
( ?is ,act %all submit a disclosure (   
f9ancial int]e/s "u section #acadg (    
title #e1 ,unit$ ,/ates ,code1 z add$ by
 subsection 7a7 ( ?is section1 n lat]   
?an #cj days aft] ! date ( ! enactm5t ( 
?is ,act4  7d7 ,rulemak+ ,n lat] ?an    
#ahj days aft] ! date ( ! enactm5t ( ?is
 ,act1 ! ,(fice ( ,gov]nm5t ,e?ics %all 
issue rules = ! implem5tation ( section 
#acadg ( title #e1 ,unit$ ,/ates ,code1 
z add$ by subsection 7a7 ( ?is section4 
7e7 ,cl]ical am5dm5t ,! table ( cont5ts 
= sub*apt] ,,iii ( su* title is am5d$ by
 add+ at ! end ! foll[+ item3  #acadg4  
,f9ancial int]e/s ( ! ,presid5t & !     
,vice ,presid5t4  4