Sec. 2. Reporting of applications for, or receipt of, payments from Federal Government
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Section 13103 of title 5, United States Code, is amended by adding at the end the following: In this subsection: The term covered payment means a payment of money or any other item of value made, or promised to be made, by the Federal Government. The term covered payment includes— a loan agreement, contract, or grant made, or promised to be made, by the Federal Government; and such other types of payment of money or items of value as the Secretary of the Treasury, in consultation with the Director of the Office of Government Ethics, may establish, by regulation.
The term covered payment does not include— any salary or compensation for service performed as, or reimbursement of personal outlay by, an officer or employee of the Federal Government; or any tax refund (including a refundable tax credit). The term covered person means— an individual described in any of paragraphs
(1)through
(13)of section 13105(l); or a spouse or dependent child of an individual described in clause (i). The term dependent child means, with respect to any individual described in subparagraph (B)(i), any individual who is— under the age of 19; and a dependent of the individual described in subparagraph (B)(i) within the meaning of section 152 of the Internal Revenue Code of 1986. Not later than 30 days after the date of receipt of a notice of any application for, or receipt of, a covered payment by a covered person (including any business owned and controlled by the covered person), but in no case later than 45 days after the date on which the covered payment is made or promised to be made, the covered person shall submit to the applicable supervising ethics office a report describing the covered payment. Notwithstanding section 13106(d), a covered person shall be assessed a fine, pursuant to regulations issued by the applicable supervising ethics office, of $5000 in each case in which the covered person fails to file a report required under this subsection. . Section 13104 of title 5, United States Code, is amended by adding at the end the following: Each report filed pursuant to subsection
(i)of section 13103 shall include— an identification of each type of payment or item of value applied for, or received, from the Federal Government; the name of each recipient of each payment or item of value identified under paragraph (1); and the relationship of each recipient named under subparagraph
(A)to the person filing the report; a description of the date on which, as applicable— an application for a payment or other item of value was submitted to the Federal Government; and the payment or item of value was received from the Federal Government; and a description of the amount of each applicable payment or item of value. . Section 13103(f) of title 5, United States Code, is amended— in paragraph (9), by striking as defined in section 13101 of this title ; in paragraph (10), by striking as defined in section 13101 of this title ; in paragraph (11), by striking as defined in section 13101 of this title ; and in paragraph (12), by striking as defined in section 13101 of this title . Section 13104(a) of title 5, United States Code, is amended in the matter preceding paragraph (1), by striking section 13103(d) and
(e)and inserting subsection
(d)or
(e)of section 13103 . The amendments made by this section shall apply to relevant applications submitted to, and payments made or promised to be made by, the Federal Government on or after the date that is 90 days after the date of enactment of this Act.