Section 1 Short title
This Act may be cited as the “Preventing Assets and Investments with No Transparency from Executive Relatives Act” or the “PAINTER Act”.
Preventing Assets and Investments with No Transparency from Executive Relatives Act
A BILL
To amend title 5 of the United States Code to require certain financial disclosures regarding all children of the President and the Vice President, and for other purposes.
Sec. 2 Financial disclosures form
Section 13104(e) of title 5, United States Code, is amended—
in the header, by striking “Spouse or Dependent Child” and inserting “Spouse, Dependent Child, or Non-Dependent Child”;
in paragraph (1)—
in the matter preceding subparagraph (A), by striking “of the reporting individual as follows” and inserting the following: “of the reporting individual and, if the reporting individual is an individual described in paragraph (1) or (2) of section 13103(f), respecting the non-dependent child of the reporting individual, as follows”;
in subparagraph (A), by inserting “or non-dependent child” after “spouse” each place it appears;
in subparagraph (B)—
by striking “by a spouse or dependent child” and inserting “by a spouse, dependent child, or non-dependent child”; and
by striking “by the spouse or dependent child” and inserting “by the spouse, dependent child, or non-dependent child”;
in subparagraph (C)—
by striking “by a spouse or dependent child” and inserting “by a spouse, dependent child, or non-dependent child”; and
by striking “of the spouse or dependent child” and inserting “of the spouse, dependent child, or non-dependent child”;
in subparagraph (D)—
by striking “by a spouse or dependent child” and inserting “by a spouse, dependent child, or non-dependent child”; and
by striking “of the spouse or dependent child” and inserting “of the spouse, dependent child, or non-dependent child”;
in subparagraph (E), by striking “the spouse’s or dependent child’s” and inserting “the spouse’s, dependent child’s, or non-dependent child’s”;
in subparagraph (F)—
by striking “of spouses and dependent children” and inserting “of spouses, dependent children, and non-dependent children”; and
by striking “of the spouse or dependent children” and inserting “of the spouse, dependent children, or non-dependent children”; and
in the matter following subparagraph (F), by striking “to the spouse and dependent child” and inserting “to the spouse, dependent child, and non-dependent child”; and
by adding at the end the following new paragraph:
“(3) Non-dependent child defined—In this subsection, the term non-dependent child means any individual who is a son, daughter, stepson, or stepdaughter of the reporting individual that is over the age of 17 and that is not a dependent child of such reporting individual.”