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Increased Financial Transparency for Politicians and Ban on Presidential Business Activities

This act aims to increase financial transparency for federal officials, including the President, Vice President, and their families. It introduces new rules regarding gift acceptance and prohibits the President and Vice President from engaging in business activities, intending to prevent conflicts of interest and build public trust.
Key points
Federal officials will be required to file financial reports twice a year instead of annually, increasing oversight of their assets.
The President, Vice President, and their relatives (parents, children, siblings, spouses, in-laws, etc.) will have to disclose their finances, aiming to prevent hidden conflicts of interest.
The President and Vice President will be prohibited from holding financial interests in businesses or using their name/likeness for profit, separating politics from private business interests.
The President and Vice President will not be allowed to serve in decision-making roles in any for-profit entities, preventing private interests from influencing political decisions.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5359
Sponsor: Rep. Harder, Josh [D-CA-9]
Process start date: 2025-09-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

No Bribes for Politicians Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5359.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-09-15.

What are the main provisions?

Key points include:

  • Federal officials will be required to file financial reports twice a year instead of annually, increasing oversight of their assets.
  • The President, Vice President, and their relatives (parents, children, siblings, spouses, in-laws, etc.) will have to disclose their finances, aiming to prevent hidden conflicts of interest.
  • The President and Vice President will be prohibited from holding financial interests in businesses or using their name/likeness for profit, separating politics from private business interests.
  • The President and Vice President will not be allowed to serve in decision-making roles in any for-profit entities, preventing private interests from influencing political decisions.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Harder, Josh [D-CA-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Oversight and Government Reform.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Courts and Law Economy