# 116-hr-7581: To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.

116-hr-7581, To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes., is a 116th Congress bill sponsored by Rep. Cicilline, David N. [D-RI-1] (D-RI); status Referred to the House Committee on Oversight and Reform. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7581
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7581
- Congress: 116
- Title: To require certain officers and employees in the executive branch of the Federal Government to divest certain financial interests, and for other purposes.
- Status: Referred to the House Committee on Oversight and Reform.
- Introduced: 2020-07-13
- Sponsor: Rep. Cicilline, David N. [D-RI-1] (D-RI)
- Cosponsors: 0
- Policy area: Government Operations and Politics
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill requires certain government officials in the executive branch and their spouses to divest corporate and other financial interests. Specifically, such officials must divest into a qualified blind trust any financial interest in a business for which the official is a trustee, partner, officer, director, or more than 10% shareholder. The trustee of the qualified blind trust must sell the interest and use the proceeds to purchase conflict-free holdings. The bill's requirements apply to cabinet officials, senior executives, policy advisors, presidential appointees, specified White House personnel, and their spouses.

## Related bills

- 116-hr-9059: Climate Protection and Sustainable Communities Act
- 116-hr-8924: Our Homes, Our Votes Act
- 116-hr-8902: Consumer Bankruptcy Reform Act of 2020
- 116-hr-8895: Bankruptcy Administration Improvement Act of 2020
- 116-hr-8867: CATS Act of 2020
- 116-hr-8818: Ending Bankruptcy Discrimination Act of 2020

## Sources
- [116-hr-7581 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7581)

## Related
- [116-hr-9059: Climate Protection and Sustainable Communities Act](https://policyrisk.com/legislation/116-hr-9059)
- [116-hr-8924: Our Homes, Our Votes Act](https://policyrisk.com/legislation/116-hr-8924)
- [116-hr-8902: Consumer Bankruptcy Reform Act of 2020](https://policyrisk.com/legislation/116-hr-8902)
- [116-hr-8895: Bankruptcy Administration Improvement Act of 2020](https://policyrisk.com/legislation/116-hr-8895)
- [116-hr-8867: CATS Act of 2020](https://policyrisk.com/legislation/116-hr-8867)
- [116-hr-8818: Ending Bankruptcy Discrimination Act of 2020](https://policyrisk.com/legislation/116-hr-8818)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7581 (as of 2025-11-18).