HOUSE 2027116th CongressReferred to the House Committee on Oversight and Reform.

Drain the Swamp and the President’s Assets Act

Last Action: 4/2/2019

Actions

2019-04-02Referred to the House Committee on Oversight and Reform.
2019-04-02Introduced in House
2019-04-02Introduced in House

CRS Summary

As of 2019-04-02 (00)

Drain the Swamp and the President's Assets Act

This bill prohibits 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, and 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.

Subjects

Corporate finance and management
Financial services and investments
Government ethics and transparency, public corruption
Presidents and presidential powers, Vice Presidents

Read on Congress.gov

Sourced from Congress.gov (public domain).

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