Know Conflicts Act of 2019

II 116TH CONGRESS 1ST SESSION S. 1686 To amend the Federal Funding Accountability and Transparency Act of 2006 to require full disclosure for entities receiving Federal funding. IN THE SENATE OF THE UNITED STATES MAY 23 (legislative day, MAY 22), 2019 Mr. CASEY (for himself and Ms. KLOBUCHAR) introduced the following bill; which was read twice and referred to the Committee on Homeland Secu- rity and Governmental Affairs A BILL To amend the Federal Funding Accountability and Trans- parency Act of 2006 to require full disclosure for entities receiving Federal funding. 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 ‘‘Know Conflicts Act 4 of 2019’’. 5 VerDate Sep 11 2014 05:29 Jun 04, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1686.IS S1686 kjohnson on DSK79L0C42 with BILLS 2 •S 1686 IS SEC. 2. FULL DISCLOSURE OF ENTITIES RECEIVING FED- 1 ERAL FUNDING. 2 Section 2 of the Federal Funding Accountability and 3 Transparency Act of 2006 (31 U.S.C. 6101 note) is 4 amended— 5 (1) in subsection (a)— 6 (A) by redesignating— 7 (i) paragraphs (6) through (8) as 8 paragraphs (9) through (11), respectively; 9 and 10 (ii) paragraphs (1) through (5) as 11 paragraphs (3) through (7), respectively; 12 (B) by inserting before paragraph (2), as 13 redesignated, the following: 14 ‘‘(1) ACTIVE FINANCIAL CONFLICT OF INTER- 15 EST.—The term ‘active financial conflict of interest’ 16 means any potential source of conflict that con- 17 stitutes a financial interest in or liability owed to an 18 entity reported as receiving a Federal award under 19 this Act. 20 ‘‘(2) COVERED PERSON.—The term ‘covered 21 person’ means the President, Vice President, the 22 spouse of the President, the spouse of the Vice 23 President, a dependent child of the President, or a 24 dependent child of the Vice President.’’; and 25 VerDate Sep 11 2014 05:29 Jun 04, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S1686.IS S1686 kjohnson on DSK79L0C42 with BILLS 3 •S 1686 IS (C) by inserting after paragraph (7), as re- 1 designated the following: 2 ‘‘(8) POTENTIAL SOURCE OF CONFLICT.—The 3 term ‘potential source of conflict’ means any finan- 4 cial interest or liability held by a covered person 5 that— 6 ‘‘(A)(i) is not a financial interest described 7 in section 102(f)(8) of the Ethics in Govern- 8 ment Act of 1978 (5 U.S.C. App.); and 9 ‘‘(ii) is included in a covered person’s fi- 10 nancial disclosure report required to be filed 11 under section 101 of the Ethics in Government 12 Act of 1978 (5 U.S.C. App.); or 13 ‘‘(iii) is otherwise identified by the Director 14 of the Office of Government Ethics as a poten- 15 tial source of conflict.’’; and 16 (2) in subsection (b)(1)— 17 (A) in subparagraph (F)(ii), by striking 18 the period at the end and inserting a semicolon; 19 (B) by redesignating subparagraph (G) as 20 subparagraph (H); and 21 (C) by inserting after subparagraph (F) 22 the following: 23 ‘‘(G) information indicating whether a 24 Federal award has resulted in the existence of 25 VerDate Sep 11 2014 05:29 Jun 04, 2019 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S1686.IS S1686 kjohnson on DSK79L0C42 with BILLS 4 •S 1686 IS one or more active financial conflicts of interest; 1 and’’. 2 SEC. 3. REPORT. 3 Not later than November 30 of each year, the Bureau 4 of the Fiscal Service of the Department of the Treasury 5 shall submit to Congress a report that includes a com- 6 prehensive accounting of all new or ongoing active con- 7 flicts of interest, as defined in section 2 of the Federal 8 Funding Accountability and Transparency Act of 2006 9 (31 U.S.C. 6101 note), as amended by section 2 of this 10 Act. 11 Æ VerDate Sep 11 2014 05:29 Jun 04, 2019 Jkt 089200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\S1686.IS S1686 kjohnson on DSK79L0C42 with BILLS