H.R. 3532 · 115th Congress
No Conflict of Interest Presidency Act of 2017
- Stage
- In committee
- Sponsor
- Dwight Evans
- Introduced
- 2017-07-28
- Latest action
- 2017-07-28 · Introduced in House
Summary
No Conflict of Interest Presidency Act of 2017
This bill requires the President: (1) immediately after assuming office, to convert any private businesses and investments owned or held by the President into cash; and (2) upon making such conversion, to purchase Treasury bills, notes, or bonds, widely diversified mutual funds, or any other holding that does not give rise to a financial conflict of interest.
A violation of this bill shall constitute a high crime and misdemeanor under the U.S. Constitution.