According to a NEWSMAX report, lawmakers from both sides of the aisle have come together to introduce a new Presidential Ethics Bill to increase transparency and accountability.
The bill was introduced by House Committee on Oversight and Accountability Chairman James Comer, R-Ky., and Rep. Katie Porter, D-Calif.
From NEWSMAX:
The Presidential Ethics Reform Act would require presidents and vice presidents to disclose foreign payments, expensive gifts, loan transactions, and tax returns during the two-year period before taking office, during time in office, and for two years following departure from office.
The bill also requires presidents and vice presidents to make disclosures for immediate family members who receive foreign payments, expensive gifts, or loans, or who use official travel for personal business.
“The Presidential Ethics Reform Act is landmark bipartisan legislation that delivers the transparency and accountability the American people deserve to ensure our public offices are not for sale. Influence peddling is a cottage industry in Washington and we’ve identified deficiencies in current law that have led to a culture of corruption,” Comer said in a statement.
“By creating this bipartisan legislation to provide greater transparency to the financial interactions related to the office of the president and vice president, we can ensure that moving forward American presidents, vice presidents, and their family members cannot profit from their proximity to power.”
“Our bipartisan Presidential Ethics Reform Act would let Americans view the tax returns, gifts, and other conflicts of interest of a president, vice president, and their families, empowering the public to evaluate our leaders’ behavior for themselves,” Porter said.
“By boosting transparency and requiring additional financial disclosures, Congress can shine a light on improper conduct in the Executive Branch—or be confident that none occurred. These reforms will help restore Americans’ trust in government and strengthen our democracy.”
🚨Influence peddling is a cottage industry in Washington & we’ve identified deficiencies in law that have led to a culture of corruption.
The Presidential Ethics Reform Act is landmark bipartisan legislation that delivers transparency & accountability.
Watch👇@RepKatiePorter pic.twitter.com/LeHyOIh0Sh
— Rep. James Comer (@RepJamesComer) May 22, 2024
