Providing Accountability Through Transparency Act of 2023

Bill 118 s 111, also known as the Providing Accountability Through Transparency Act of 2023, aims to increase transparency and accountability within the US Congress. The bill requires all members of Congress to disclose any financial transactions they make within 45 days of the transaction taking place. This includes purchases, sales, and exchanges of stocks, bonds, and other securities.

Additionally, the bill requires members of Congress to disclose any gifts they receive that are valued at over $50. This is to ensure that there is transparency around any potential conflicts of interest that may arise from accepting gifts from outside sources.

Furthermore, the bill establishes a new independent office within Congress, the Office of Congressional Ethics, which will be responsible for investigating any potential ethics violations by members of Congress. This office will have the authority to subpoena documents and witnesses in order to conduct thorough investigations. Overall, the Providing Accountability Through Transparency Act of 2023 aims to increase transparency and accountability within the US Congress by requiring members to disclose financial transactions and gifts, as well as establishing an independent office to investigate ethics violations.