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Prohibiting Foreign Influence on President, Vice President, and Their Families

This act aims to prevent corruption by prohibiting the President, Vice President, and their immediate family members from accepting valuable items or money from foreign states and entities. This is intended to protect the independence of political decisions and ensure that the interests of U.S. citizens are always prioritized. Citizens can feel more secure knowing their leaders are less susceptible to external financial pressures.
Key points
The President, Vice President, and their immediate family members are prohibited from accepting valuable items from foreign states or entities.
The prohibition also applies to entities where the President, Vice President, or their families hold at least a 50% ownership interest.
Exceptions include investments in mutual funds, assets held in blind trusts, gifts of minimal value, and cultural exchange programs.
The goal is to increase public trust and protect against foreign influence at the highest levels of government.
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Additional Information
Prevent Corrupting Foreign Influence Act
Print number: HR 1267
Sponsor: Rep. Swalwell, Eric [D-CA-15]
Process start date: 2021-02-23