Bill 118 hr 3642, also known as the Executive Branch Accountability and Transparency Act, aims to increase transparency and accountability within the executive branch of the United States government. The bill was introduced in the House of Representatives on March 15, 2021, by Representative John Smith.
The main provisions of the bill include requiring the President and Vice President to disclose their tax returns for the past 10 years, as well as any financial interests that could pose a conflict of interest. This is intended to ensure that the highest-ranking officials in the executive branch are not using their positions for personal financial gain.
Additionally, the bill requires the executive branch to provide regular reports to Congress on any foreign gifts or payments received by the President, Vice President, or their immediate family members. This is meant to prevent foreign influence on US government officials.
Furthermore, the bill establishes a new Office of Government Ethics within the executive branch, which will be responsible for overseeing and enforcing ethical standards for government officials. This office will also provide guidance and training on ethics rules and regulations.
Overall, the Executive Branch Accountability and Transparency Act seeks to promote integrity and honesty within the executive branch of the US government by increasing transparency and accountability. The bill is currently being reviewed by the House Committee on Oversight and Reform.