119-HR5359

Bill is currently in: House
Path to Law
House Senate President

119th CONGRESS

1st Session

H. R. 5359

1. Short title
2. Prohibition on using gifts in conjunction with Presidential duties
3. Biannual financial disclosure requirement
4. Expansion of financial disclosure requirements to relatives of President, Vice President, and cabinet secretaries
5. Prohibitions on Presidential business activity

1. Short title

This Act may be cited as the "No Bribes for Politicians Act of 2025".

2. Prohibition on using gifts in conjunction with Presidential duties

Section 7342(c) of title 5, United States Code, is amended by inserting at the end the following:

(4) - If an employee deposits a tangible gift of more than minimal value with an agency and such gift is for official use in conjunction with Presidential duties—

(A) - such gift may not be used; and

(C) - the agency shall promptly dispose of such gift in accordance with subsection (e).

3. Biannual financial disclosure requirement

Section 13103(d) of title 5, United States Code, is amended to read as follows:

(d) Biannual reports -

(1) In general - Any individual who is an officer or employee described in subsection (f)—

(A) - during the 6-month period from January 1 to June 30 of any calendar year beginning with calendar year 2026 and performs the duties of the position or office for a period in excess of 60 days in such period shall file a report on or before October 15 of such calender year containing the information described in section 13104(a) of this title; and

(B) - during the 6-month period from July 1 to December 30 of any calendar year beginning with calendar year 2026 and performs the duties of the position or office for a period in excess of 60 days in such period shall file a report on or before May 15 of the succeeding calendar year containing the information described in such section 13104(a).

(2) Application - With respect to any report under paragraph (1), such section 13104(a) shall be applied by substituting "applicable 6-month period" for "preceding calendar year"

4. Expansion of financial disclosure requirements to relatives of President, Vice President, and cabinet secretaries

(a) In general - Section 13104(e) of title 5, United States Code, is amended by inserting at the end the following new paragraph:

(3) Reporting information relating to certain relatives -

(A) In general - Consistent with subparagraph (B), each report required by subsection (d) of section 13103 of this title shall include the information listed in paragraphs (1) through (5) of subsection (a) of this section with respect to any relative of the reporting individual.

(B) Application - The requirements of subparagraph (A) shall only apply to the President, the Vice President, and any member of the President’s cabinet.

(C) Definition of relative - In this paragraph, the term "relative" means an individual who is related to the reporting individual as father, mother, son, daughter, brother, sister, uncle, aunt, first cousin, nephew, niece, husband, wife, father-in-law, mother-in-law, son-in-law, daughter-in-law, brother-in-law, sister-in-law, stepfather, stepmother, stepson, stepdaughter, stepbrother, stepsister, half brother, or half sister.

(b) Technical and conforming amendments - Section 13104(e) of title 5, United States Code, as amended by subsection (a), is further amended—

(1) - in the subsection heading, by striking "spouse or dependent child" and inserting "relatives"; and

(2) - in paragraph (1)—

(A) - in the paragraph heading, by striking "In general" and inserting "Reporting information relating to spouse or dependent child"; and

(B) - by striking "each report required by section 13103" inserting "each report required by subsections (a), (b), (c), and (e) of section 13103".

5. Prohibitions on Presidential business activity

(a) Prohibition -

(1) In general - Subchapter III of chapter 131 of title 5, United States Code, is amended by inserting at the end the following:

13147. Prohibitions on business activities of President and Vice President

(a) Ownership prohibition - The President and Vice President—

(1) - may not hold a financial interest in any firm, partnership, association, corporation, or other for-profit entity; and

(2) - shall divest, not later than 30 days after assuming office, of any such interest by converting any such interest into cash.

(b) Name and likeness prohibition - The President or Vice President, and the spouse or any dependent child of the President or Vice president, may not—

(1) - use the President’s or Vice President’s name or likeness for profit; or

(2) - permit the use of the President’s or Vice President’s name or likeness by any firm, partnership, association, corporation, or other for-profit entity.

(c) Decision-Making prohibition - The President and Vice President may not serve as an officer, board member, or in any other role which holds decision-making power at any firm, partnership, association, corporation, or other for-profit entity.

(d) Exclusion - This section shall not apply to any financial interest held in a retirement account, including any Federal, State, or local government employee retirement plan.

(2) Clerical amendment - The table of sections of such chapter is amended by inserting after the item relating to section 13146 the following:

(b) Civil penalties - Section 13145 of title 5, United States Code, is amended by striking "section 13143 or 13144" and inserting "section 13143, 13144, or 13147".