Congressional Foreign Entanglement Disclosure and Reduction Act
A BILL
To amend title 5, United States Code, to require Members of Congress to disclose business ties with foreign entities, and for other purposes.
Sec. 2 Disclosure by Members of Congress of business ties with foreign entities
“(j) Foreign entity business ties of Members of Congress—Any report filed pursuant to section 13103(d) by a Member of Congress shall include the disclosure of any business ties the Member or any member of the Member’s immediate family has (if any) with a foreign entity. If a Member of Congress makes an affirmative disclosure of any such ties, the Member shall include information detailing the nature of the business tie, the name of the applicable foreign entity, and the total value of any income received by the Member or immediate family member as a result of such tie during the calendar year covered by the report submitted pursuant to such section 13103(d) and the preceding four calendar years.”