To amend title 5, United States Code, to require senior Government officials and their family members to divest foreign financial interests, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend title 5, United States Code, to require senior Government officials and their family members to divest foreign financial interests, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Social Welfare.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HC4893587AAE34377A1771A3B01291830: 1. Short title This Act may be cited as the Stop Foreign Payoffs Act.
- Section H4F19671A30E544A7A80C3AB3A0E00F71: 2. Divestiture of foreign financial interests Chapter 131 of title 5, United States Code, is amended by adding after title III the following: IVLimitation on...
- Section HF482EF2447344AD08D55B360D2481AAD: 13151. Limitation on foreign financial interests A covered individual may not hold any foreign financial interest, and shall divest of any such interest by—...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend title 5, United States Code, to require senior Government officials and their family members to divest foreign financial interests, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Social Welfare
Primary Purpose
This bill, To amend title 5, United States Code, to require senior Government officials and their family members to divest foreign financial interests, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
IntroducedMr. Golden of Maine introduced the following bill; which was …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
Key Definitions
Terms defined in this bill
a partnership, association, corporation, organization, or other combination of persons organized under the laws of or having its principal place of business in a foreign country
a partnership, association, corporation, organization, or other combination of persons organized under the laws of or having its principal place of business in a foreign country
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology