Like Countable?

Install the App
TRY NOW

house Bill H.R. 371

Presidential Conflicts of Interest Act of 2017

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Constitution, Civil Rights, and Civil Liberties
      Committee on Oversight and Reform
      Committee on the Judiciary
      Committee on Ways and Means
    IntroducedJanuary 9th, 2017

Bill Details

Official information provided by the Congressional Research Service. Learn more or make a suggestion.
The Congressional Research Service writes summaries for most legislation. These summaries are listed here. Countable will update some legislation with a revised summary, title or other key elements.

Suggest an update to this bill using our form.

Title

Presidential Conflicts of Interest Act of 2017

Official Title

To address financial conflicts of interest of the President and Vice President.

Summary

Presidential Conflicts of Interest Act of 2017 This bill requires the President and Vice President to submit to Congress and the Office of Government Ethics a disclosure of financial interests. Among the contents of such disclosure, the President and Vice President shall: (1) include a detailed description of each financial interest of the President and Vice President, the spouse of the President and Vice President, or a minor child of the President and Vice President; and (2) include the tax returns filed by or on behalf of the President and Vice President for the three most recent taxable years. The President, the Vice President, the spouse of the President or Vice President, and any minor child of the President or Vice President must divest any financial interest posing a potential conflict of interest by transferring such interest to a qualified blind trust. Within a reasonable period of time after such financial interest is transferred to a qualified blind trust, the trustee of such trust shall: (1) sell the financial interest; and (2) use the proceeds from the sale of the financial interest to purchase conflict-free holdings. The Office of Government Ethics shall submit to Congress, the President, and the Vice President an annual report regarding the financial interests of such officials, their spouses, and any of their minor children. The Attorney General, the attorney general of any state, or any person aggrieved by a violation of divestiture requirements posing a potential conflict of interest may seek declaratory or injunctive relief if: (1) the Office of Government Ethics is unable to issue a report indicating whether the President or Vice President is in substantial compliance with such divestiture requirements; or (2) there is probable cause to believe the President or the Vice President has not complied with such requirements. The bill amends the federal criminal code to require the recusal of presidential appointees from decisions affecting the financial holdings of a President or the spouse of a President. Prohibitions pertaining to contracts entered into by Members of Congress are extended to contracts by the President or Vice President. The bill amends the Ethics in Government Act of 1978 to require the disclosure of tax returns by the incumbent President and presidential nominees of a major political party for the three most recent taxable years. The bill declares the sense of Congress that a violation of the divestiture requirements of this bill or the Ethics in Government in Government Act of 1978 by the President or the Vice President would constitute a high crime or misdemeanor.
    It seems clear that the President is using his office for his own economic gain.
    Like (4)
    Follow
    Share
    I wish there was more discussion on this! This is arguably the most important issue right now but it's getting overshadowed. This is what i call my members of congress about daily.
    Like (4)
    Follow
    Share
    It is imperative that we address financial conflicts of interest of the President and Vice President. Please support this bill.
    Like (2)
    Follow
    Share
    We need bipartisan support of this bill. There have been too many concerns raised about outside and undue influences on decisions being made at the highest level.
    Like (2)
    Follow
    Share
    This needs support. President Trump is setting the stage to remove all obstacles to build his business interests.
    Like (1)
    Follow
    Share
    This is ESSENTIAL for our democracy to function and to understand all the massive conflicts of interest that POTUS has and is hiding from US.
    Like (1)
    Follow
    Share
    We need bipartisan support to investigate the President's conflicts of interest. The citizens of this country need to know that any President of the US is only working for our country's best interests.
    Like (1)
    Follow
    Share
    As a historian, I have seen over and over again that humans do not choose well when blinded by conflicts of interest. This is not a partisan issue; it is something all our legislators should support as a way to protect our democracy.
    Like
    Follow
    Share
    Dear Rep. Rothfus, I support H.R. 371 and it's companion bill, S.65, introduced to require the president and VP to disclose and divest financial conflicts of interest. Many suspect that President Trump has conflicts of interest that are not known. I want to be sure that White House actions serve and protect the American people, rather than personally benefit the president. I ask that you cosponsor and support H.R. 371.
    Like
    Follow
    Share
    This president is making a mockery of the office of President of the United States, and in doing so, he is making a mockery of the country in the eyes of the world. Granted, he won the election. However, he won his office promising to release his taxes and remove himself from conflicts of interest between his office and his businesses. Since he hasn't taken either of these steps voluntarily, it is past time to do it for him. At like a truculent child, be treated like one.
    Like
    Follow
    Share
    This is the first step towards impeaching Trump should he refuse to do what all past Presidents have done. If he does release the info, then we will at least have clarity on where his conflicts lie. Win-Win.
    Like
    Follow
    Share
    To have faith in our democracy, we should have some basic requirements of a president no matter which party they come from. This should be a bipartisan bill. We need to be able to have a baseline of trust that our elected officials are acting in our best interest. Please help make this bill a bipartisan effort and move it along.
    Like
    Follow
    Share
    Please address Trump's conflicts of interest, particularly in regards to his decision to push NDAPL forward.
    Like
    Follow
    Share
    Would simply require Trump to adhere to standards voluntarily followed by his predecessors.
    Like
    Follow
    Share
    I am required to confirm financial independence of my professional clients. The President should be held to the highest ethical standards and not be above the law.
    Like
    Follow
    Share
    How is HR 371 not covered on the front page of every newspaper in America? Seems so completely obvious to me.
    Like
    Follow
    Share
    The fact that the President refuses to divest from his properties in the United States and around the world to be placed into a blind trust violates the emoluments clause. It also means he'll personally profit off the Presidency. That shouldn't happen!
    Like
    Follow
    Share