Sponsor
Angela Craig
Representative · D-MN
Representative · D-MN
The bill strengthens presidential transparency and reduces conflict-of-interest risks through disclosure, divestiture, and enforceable oversight, but it raises privacy/security risks for officeholders' families, imposes financial and administrative burdens, and risks costly constitutional litigation.
All Americans: the President and Vice President must disclose detailed financial interests within 30 days, increasing transparency and likely boosting public trust in government.
Taxpayers: requires divestiture or placement of presidential/vice-presidential holdings into qualified blind trusts, reducing the risk that personal financial holdings influence policy decisions.
State governments and taxpayers: creates an enforceable remedy by allowing the Attorney General or state attorneys general to seek court orders when compliance is in doubt, increasing accountability for conflicts of interest.
State governments and taxpayers: authorizing state attorneys general to sue the President or Vice President could provoke costly legal and constitutional disputes, generating governance uncertainty.
Presidential and vice-presidential officeholders and their families: requiring public disclosure of recent tax returns and detailed financial information increases privacy and security risks, including greater exposure to identity theft for spouses and dependent children.
Presidential and vice-presidential officeholders and trustees: expedited divestitures or trust restructuring can impose administrative, transaction, and tax costs, potentially reducing investment value and creating financial burdens.
Based on analysis of 2 sections of legislative text.
Adds the President and Vice President to federal conflict-of-interest law, requiring detailed disclosures, blind-trust divestiture, OGE oversight, and civil enforcement.
Official title: To amend title 5, United States Code, to require the President and the Vice President to disclose financial interests and divest of any financial interest posing a potential conflict of interest, and for other purposes.
Introduced January 22, 2026 by Angela Craig · Last progress January 22, 2026
Adds the President and Vice President to the federal conflict-of-interest rules, requiring detailed financial disclosures, divestiture of conflicting holdings into qualified blind trusts, annual OGE review reports, and new civil enforcement remedies. It sets deadlines for initial disclosures, directs OGE rulemaking, and authorizes the Attorney General or any State attorney general to seek court orders when compliance is in doubt.