DelBene Helps Introduce Bill to Require President to Disclose Foreign Assets
WASHINGTON, D.C. – Congresswoman Suzan DelBene (WA-01) today helped introduce the Presidential Trade Transparency Act to require the President to disclose foreign income, assets and liabilities when initiating trade or investment negotiations with a foreign country.
“With the lack of financial transparency from this President, Congress must exercise its oversight responsibilities to ensure there isn’t improper influence by foreign entities when he is negotiating trade policy,” DelBene said. “The American public deserves to know if and how their President would stand to profit through trade enforcement or preferential tariff treatment.”
The bill would also require disclosure when the President is taking or refraining to take certain trade enforcement actions or granting or modifying preferential tariff treatment under statutory trade preference programs. If he failed to submit a timely financial report, the trade agreements would be disqualified from expedited consideration under trade promotion authority.
DelBene serves on the House Ways and Means Committee, which has jurisdiction over trade. Ranking Member Richard Neal (MA-01) introduced the Presidential Trade Transparency Act.
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