Government Transparency: Mandatory Public Disclosure of Federal Employee Royalties.
This Act significantly increases financial transparency for federal executive employees and members of key advisory committees, particularly those related to public health. It mandates the public disclosure of the source and value of royalties received from inventions developed during government employment. This measure aims to allow citizens to better assess potential conflicts of interest when officials make decisions regarding public policy, grants, and contracts.
Key points
Federal employees and public health advisors must publicly disclose royalties earned from inventions created while working for the government.
Royalty information must be published on agency websites, making data easily accessible to the public.
New requirements are introduced for reviewing conflicts of interest for companies seeking federal contracts and grants, specifically including royalties they have received.
Expired
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