H.R. 2494 · 115th Congress
Drain the Swamp and the President's Assets Act
- Stage
- In committee
- Sponsor
- Adriano Espaillat
- Introduced
- 2017-05-17
- Latest action
- 2017-05-17 · Introduced in House
Summary
Drain the Swamp and the President's Assets Act
This bill amends the Ethics in Government Act of 1978 to prohibit the President from holding any asset that would be considered a disqualifying financial interest under applicable criminal code provisions.
The President may place any such asset into a blind trust. The trustee or other entity who is involved in the management or control of the blind trust shall divest the blind trust of such asset.
A violation of this bill's prohibition constitutes an impeachable offense.