United States 116th Congress Status: In Committee 31 D cosponsors

S 882 — Presidential Conflicts of Interest Act of 2019

Last action — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Presidential Conflicts of Interest Act of 2019 This bill requires the President and Vice President to submit to Congress and the Office of Government Ethics a disclosure of financial interests. The President and Vice President shall (1) include a detailed description of each financial interest of the President and Vice President, the spouse of the President and Vice President, or a minor child of the President and Vice President; and (2) include the tax returns filed by or on behalf of the President and Vice President for the three most recent taxable years. The President, the Vice President, the spouse of the President or Vice President, and any minor child of the President or Vice President must divest any financial interest posing a potential conflict of interest by transferring such interest to a qualified blind trust. The Office of Government Ethics shall submit to Congress, the President, and the Vice President an annual report regarding the financial interests of such officials, their spouses, and any of their minor children.

Bill Text

How this bill changes current law

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Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill adds new requirements and penalties related to financial conflicts of interest specifically for the President and Vice President, including disclosure, divestiture, recusal, and contract regulations.

  • 18 U.S.C. § 431

    Whoever, being a Member of or Delegate to Congress, or a Resident Commissioner, either before or after he has qualified, directly or indirectly, himself, or by any other person in trust for him, or for his use or benefit, or on his account, undertakes, executes, holds, or enjoys, in whole or in part, any contract or agreement, made or entered into in behalf of the United States or any agency thereof, by any officer or person authorized to make contracts on its behalf, shall be fined under this title. → Whoever, being the President, Vice President, a Member of or Delegate to Congress, or a Resident Commissioner, either before or after he has qualified, directly or indirectly, himself, or by any other person in trust for him, or for his use or benefit, or on his account, undertakes, executes, holds, or enjoys, in whole or in part, any contract or agreement, made or entered into in behalf of the United States or any agency thereof, by any officer or person authorized to make contracts on its behalf, shall be fined under this title.

    The bill expands the definition of individuals prohibited from engaging in contracts on behalf of the United States to include the President and Vice President.

  • 18 U.S.C. § 431

    All contracts or agreements made in violation of this section shall be void; and whenever any sum of money is advanced by the United States or any agency thereof, in consideration of any such contract or agreement, it shall forthwith be repaid; and in case of failure or refusal to repay the same when demanded by the proper officer of the department or agency under whose authority such contract or agreement shall have been made or entered into, suit shall at once be brought against the person so failing or refusing and his sureties for the recovery of the money so advanced.

    The bill clarifies that contracts made against this section, involving the President or Vice President, are void.

  • 18 U.S.C. § 208

    (e)(1) Any officer or employee appointed by the President shall recuse himself or herself from any particular matter involving specific parties in which a party to that matter is-- (A) the President who appointed the officer or employee, which shall include any entity in which the President has a substantial interest; or (B) the spouse of the President who appointed the officer or employee, which shall include any entity in which the spouse of the President has a substantial interest.

    The bill mandates recusal for any officer or employee appointed by the President from matters involving the President or the President's spouse.

  • 18 U.S.C. § 208

    (3) Any officer or employee who negligently violates paragraph (1) shall be subject to the penalties set forth in section 216.

    The bill establishes penalties for officers or employees who negligently fail to recuse themselves as mandated in the new provisions.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 30 co-sponsors · 516 not signed on

Sponsors (1)

Co-sponsors (30)

Not signed on (516)

516 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

civil-rights elections
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Frequently asked questions

What does S 882 do?
Presidential Conflicts of Interest Act of 2019 This bill requires the President and Vice President to submit to Congress and the Office of Government Ethics a disclosure of financial interests. The President and Vice President shall (1) include a detailed description of each financial interest of the President and Vice President, the spouse of the President and Vice President, or a minor child of the President and Vice President; and (2) include the tax returns filed by or on behalf of the President and Vice President for the three most recent taxable years. The President, the Vice President, the spouse of the President or Vice President, and any minor child of the President or Vice President must divest any financial interest posing a potential conflict of interest by transferring such interest to a qualified blind trust. The Office of Government Ethics shall submit to Congress, the President, and the Vice President an annual report regarding the financial interests of such officials, their spouses, and any of their minor children.
Who sponsors S 882?
S 882 is sponsored by Baldwin, Tammy (Democratic), Bennet, Michael F. (Democratic), Blumenthal, Richard (Democratic), Booker, Cory A. (Democratic), Brown, Sherrod (Democratic), Cantwell, Maria (Democratic), Cardin, Benjamin L. (Democratic), Carper, Thomas R. (Democratic), Casey, Robert P., Jr. (Democratic), Coons, Christopher A. (Democratic), Duckworth, Tammy (Democratic), Durbin, Richard J. (Democratic), Feinstein, Dianne (Democratic), Gillibrand, Kirsten E. (Democratic), Harris, Kamala D. (Democratic), Hirono, Mazie K. (Democratic), Klobuchar, Amy (Democratic), Leahy, Patrick J. (Democratic), Markey, Edward J. (Democratic), Merkley, Jeff (Democratic), Murphy, Christopher (Democratic), Murray, Patty (Democratic), Peters, Gary C. (Democratic), Reed, Jack (Democratic), Smith, Tina (Democratic), Stabenow, Debbie (Democratic), Udall, Tom (Democratic), Van Hollen, Chris (Democratic), Whitehouse, Sheldon (Democratic), Wyden, Ron (Democratic), and Warren, Elizabeth (Democratic).
What is the current status of S 882?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 882?
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