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Public Disclosure of Foreign Income for Senior Government Nominees.

This law increases transparency in the appointment process for key federal officials responsible for national security and finance. It requires nominees for senior roles in the Departments of Defense, Treasury, State, and Intelligence to publicly disclose all income and services received from foreign governments or political parties over the past five years. This allows citizens to better assess potential conflicts of interest related to foreign entities among high-ranking officials.
Key points
Mandatory public disclosure of all funds or services received from foreign governments by nominees for senior positions.
Applies to nominations in national security, diplomacy, and finance agencies (DoD, Treasury, State Department, and Intelligence).
Information must cover the preceding 5 years and be made public on agency websites within 5 days of nomination, enhancing public oversight.
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Additional Information
Print number: 118_S_5382
Sponsor: Sen. Warren, Elizabeth [D-MA]
Process start date: 2024-11-21