Congressional Foreign Entanglement Disclosure and Reduction Act

I 117TH CONGRESS 1ST SESSION H. R. 661 To amend the Ethics in Government Act of 1978 to require Members of Congress to disclose business ties with foreign entities, and for other purposes. IN THE HOUSE OF REPRESENTATIVES FEBRUARY 1, 2021 Mr. POSEY introduced the following bill; which was referred to the Committee on House Administration A BILL To amend the Ethics in Government Act of 1978 to require Members of Congress to disclose business ties with for- eign entities, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Congressional Foreign 4 Entanglement Disclosure and Reduction Act’’. 5 SEC. 2. DISCLOSURE BY MEMBERS OF CONGRESS OF BUSI- 6 NESS TIES WITH FOREIGN ENTITIES. 7 (a) IN GENERAL.—Section 102 of the Ethics in Gov- 8 ernment Act of 1978 (5 U.S.C. App. 102) is amended by 9 adding at the end the following: 10 VerDate Sep 11 2014 18:55 Feb 21, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H661.IH H661 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 661 IH ‘‘(j) Any report filed pursuant to section 101(d) by 1 a Member of Congress shall include the disclosure of any 2 business ties the Member or any member of the Member’s 3 immediate family has (if any) with a foreign entity. If a 4 Member of Congress makes an affirmative disclosure of 5 any such ties, the Member shall include information detail- 6 ing the nature of the business tie and foreign entity.’’. 7 (b) APPLICATION.—The amendment made by sub- 8 section (a) shall apply to any report filed pursuant to sec- 9 tion 101(d) of the Ethics in Government Act of 1978 (5 10 U.S.C. App. 101(d)) after the date of enactment of this 11 Act. 12 Æ VerDate Sep 11 2014 18:55 Feb 21, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H661.IH H661 pamtmann on DSKBC07HB2PROD with BILLS