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Preventing Assets and Investments with No Transparency from Executive Relatives Act
12/30/2022, 2:02 PM
Summary of Bill HR 4782
Bill 117 HR 4782, also known as the Preventing Assets and Investments with No Transparency from Executive Relatives Act, aims to increase transparency and accountability within the executive branch of the US government. The bill specifically targets assets and investments held by relatives of high-ranking executive branch officials, such as the President, Vice President, and Cabinet members.
Under this legislation, executive branch officials would be required to disclose any assets or investments held by their immediate family members, including spouses, children, and siblings. This information would be made publicly available in order to prevent conflicts of interest and ensure that government officials are not using their positions for personal financial gain.
The bill also includes provisions for penalties for officials who fail to comply with these disclosure requirements, including fines and potential removal from office. Additionally, the legislation calls for increased oversight and monitoring of executive branch officials' financial activities to ensure compliance with the new transparency measures. Overall, the Preventing Assets and Investments with No Transparency from Executive Relatives Act seeks to promote integrity and accountability within the executive branch by increasing transparency and preventing potential conflicts of interest.
Under this legislation, executive branch officials would be required to disclose any assets or investments held by their immediate family members, including spouses, children, and siblings. This information would be made publicly available in order to prevent conflicts of interest and ensure that government officials are not using their positions for personal financial gain.
The bill also includes provisions for penalties for officials who fail to comply with these disclosure requirements, including fines and potential removal from office. Additionally, the legislation calls for increased oversight and monitoring of executive branch officials' financial activities to ensure compliance with the new transparency measures. Overall, the Preventing Assets and Investments with No Transparency from Executive Relatives Act seeks to promote integrity and accountability within the executive branch by increasing transparency and preventing potential conflicts of interest.
Congressional Summary of HR 4782
Preventing Assets and Investments with No Transparency from Executive Relatives Act or the PAINTER Act
This bill extends the financial disclosures required under the Ethics in Government Act of 1978 to include any non-dependent child of the President or Vice President.
Non-dependent child means any individual who is a son, daughter, stepson, or stepdaughter of the reporting individual that is over the age of 17 and that is not a dependent child of such reporting individual.
Read the Full Bill
Current Status of Bill HR 4782
Bill HR 4782 is currently in the status of Bill Introduced since July 28, 2021. Bill HR 4782 was introduced during Congress 117 and was introduced to the House on July 28, 2021. Bill HR 4782's most recent activity was Referred to the House Committee on Oversight and Reform. as of July 28, 2021
Bipartisan Support of Bill HR 4782
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4782
Primary Policy Focus
HealthPotential Impact Areas
- Government Operations and Politics
Alternate Title(s) of Bill HR 4782
Preventing Assets and Investments with No Transparency from Executive Relatives Act
To amend the Ethics in Government Act of 1978 to require the financial disclosures regarding all children of the President and the Vice President, and for other purposes.
Preventing Assets and Investments with No Transparency from Executive Relatives Act
PAINTER Act
Comments
Sponsors and Cosponsors of HR 4782
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