Government Employee Royalty Transparency: New Disclosure Rules and Conflict of Interest Prevention
This Act increases transparency for federal employees, especially those on public health advisory committees, by requiring disclosure of royalties. It aims to prevent conflicts of interest and build public trust, impacting the transparency of decisions related to health and other critical matters.
Key points
Federal employees, including members of key advisory committees, will be required to disclose the source and amount of royalties received, particularly those from inventions developed during government employment.
Royalty information will be publicly available on agency websites, and Congress will receive unredacted reports upon request, enhancing public oversight.
New conflict of interest review rules will be implemented for prospective government contractors and grantees, considering royalties received, to prevent unfair practices.
Status:
Expired
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