Ban on Senior Officials Accepting Foreign Payments Without Congressional Consent
This bill aims to increase transparency and limit potential conflicts of interest by prohibiting the President, Vice President, Members of Congress, and other senior federal officials from accepting any payments from foreign governments without prior Congressional approval. Citizens gain greater assurance that their representatives are acting solely in the interest of the United States, not foreign powers. Violations of these rules carry severe financial penalties and potential imprisonment.
Key points
Prohibition on Foreign Payments: Senior federal officials (including the President, Vice President, and Members of Congress) cannot accept any foreign payments unless Congress grants consent.
Disclosure Requirement: Officials must notify Congress of their intent to receive a foreign payment, and Congress has 90 days to approve it via a concurrent resolution.
Post-Employment Restriction: The ban on accepting foreign payments without Congressional consent also applies for 2 years after an individual leaves their senior federal position.
Penalties for Violation: Knowingly violating the ban can result in up to one year in prison, a fine (the greater of $50,000 or the payment value), and forfeiture of the accepted funds.
Expired
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