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US HB7207
Bill
Status
1/22/2026
Primary Sponsor
Angela Craig
Click for details
AI Summary
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Requires the President and Vice President to submit detailed financial disclosures to Congress and the Director of Government Ethics within 30 days of assuming office, including tax returns for the 3 most recent years and any years under IRS audit
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Mandates divestiture of any financial interest posing a potential conflict of interest by transferring assets to a qualified blind trust, with trustees required to sell the interests within 30 days
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Extends existing conflict of interest laws (18 U.S.C. § 208) to explicitly cover the President and Vice President, who were previously exempt
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Requires the Office of Government Ethics to submit annual reports to Congress evaluating compliance and identifying potential conflicts, including foreign emoluments under Article I, Section 9 of the Constitution
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Authorizes the U.S. Attorney General or any state attorney general to seek court injunctive relief for non-compliance, with provisions ensuring fair market value for any liquidated assets
Legislative Description
Presidential Conflicts of Interest Accountability Act
Last Action
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1/22/2026