119-hr5359

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5359 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 5359

 To amend title 5, United States Code, to require biannual financial 
 disclosure reports for Federal officials, to prohibit certain acts by 
 the President, the Vice President, and their families, and for other 
 purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 September 15, 2025

 Mr. Harder of California introduced the following bill; which was 
 referred to the Committee on Oversight and Government Reform

_______________________________________________________________________

 A BILL

 To amend title 5, United States Code, to require biannual financial 
 disclosure reports for Federal officials, to prohibit certain acts by 
 the President, the Vice President, and their families, and for other 
 purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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) .''.

SEC. 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'''.

SEC. 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''.

SEC. 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:
``

Sec. 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:

``13147. Prohibitions on business activities of President and Vice 
 President.''.

    (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''.
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