James Comer and Katie Porter are introducing a presidential ethics reform bill to stave off influence peddling.
would require presidents and vice presidents to disclose foreign payments, loan transactions, and tax returns during the two-year period prior to their time in office, during their time in office, and during the two-year period following their term. They also would have to disclose gifts valued at more than $10,000 from or by immediate family members, according to the bill.
The legislation comes as Comer and House Republicans lead an impeachment inquiry into President Joe Biden, accusing him of an “alleged criminal scheme” that allowed him to financially benefit from his family’s foreign business dealings. Comer called the “landmark” legislation essential to providing transparency to the public and a way to stave off influence peddling. The bill will target “deficiencies in current law that have led to a culture of corruption.”
This bill also serves as a win for Democrats, who have also looked into foreign investments of former President Donald Trump’s family members as the former president has refused to release his tax returns.“The American people deserve nothing less than full honesty and transparency from presidents and vice presidents,” Porter said in a statement.
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