US Congress House Bill 7581 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 13 2020 - 25% progression, died in committee
Action: 2020-07-13 - Referred to the House Committee on Oversight and Reform.
Pending: House Oversight and Reform Committee
Text: Latest bill text (Introduced) [PDF]

Requires certain government officials in the executive branch and their spouses to divest corporate and other financial interests. Specifically, such officials must divest into a qualified blind trust any financial interest in a business for which the official is a trustee, partner, officer, director, or more than 10% shareholder. The trustee of the qualified blind trust must sell the interest and use the proceeds to purchase conflict-free holdings. The bill's requirements apply to cabinet officials, senior executives, policy advisors, presidential appointees, specified White House personnel, and their spouses.

To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.

Rep. David Cicilline [D-RI]

Date	Chamber	Action
2020-07-13	House	Referred to the House Committee on Oversight and Reform.
2020-07-13	House	Introduced in House

HB706 (Related) 2019-03-04 - Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/7581/all-info
Text	https://www.congress.gov/116/bills/hr7581/BILLS-116hr7581ih.pdf