Disclosure of Congressional Business Ties with Foreign Entities
This new act mandates that Members of Congress and their immediate families disclose any business ties with foreign entities. This aims to increase transparency and reduce potential conflicts of interest, which could impact public trust in government.
Key points
Members of Congress must disclose their business connections with foreign companies.
Disclosure also includes connections of the Member's immediate family.
Reports must detail the nature of the tie, the foreign entity's name, and income received over the past five years.
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