S.Amdt. 2676

SA 2676. Mr. MENENDEZ (for himself, Mr. Nelson, Mr. Warner, Mr.
Wyden, Ms. Warren, Mr. Udall, and Mrs. Murray) submitted an amendment
intended to be proposed to amendment SA 2282 submitted by Mr. Inhofe
(for himself and Mr. McCain) and intended to be proposed to the bill
H.R. 5515, to authorize appropriations for fiscal year 2019 for
military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:

At the end of subtitle F of title X, add the following:

SEC. 1066. DISCLOSURE OF PRIVATE BUSINESS TRANSACTIONS WITH
FOREIGN PERSONS.

Section 721 of the Defense Production Act of 1950 (50
U.S.C. 4565) is amended by adding at the end the following:
``(o) Disclosure of Private Business Transactions With
Foreign Persons.--
``(1) In general.--Not less frequently than every 90 days,
each covered officer shall disclose to the public any covered
private business transaction during the preceding 90 days
between--
``(A)(i) the covered officer;
``(ii) the spouse of the covered officer; or
``(iii) a covered private business with respect to the
covered officer; and
``(B) a foreign person.
``(2) Matters to be included.--For any private business
transaction disclosed under paragraph (1), the covered
officer shall include in the disclosure the following:
``(A) The name of the foreign person with which the
transaction was conducted.
``(B) The amount of any funds received from or owed to the
foreign person.
``(C) The date of the transaction.
``(D) A detailed summary of the purpose of the transaction.
``(E) The name of any United States entity through which
the transaction was processed or funds relating to the
transaction were transferred.
``(3) Publication.--Any disclosure made under paragraph (1)
shall be made available on the publicly available internet
website of the Department of the Treasury.
``(4) Definitions.--In this subsection:
``(A) Covered officer.--The term `covered officer' means
the President, the Vice President, and each member of the
Committee.
``(B) Covered private business.--The term `covered private
business'--
``(i) means--

``(I) a sole proprietorship or business entity in which a
covered officer or the spouse of the covered officer holds an
ownership interest; and
``(II) an entity in which--

``(aa) a covered officer holds a position required to be
reported under section 102(a)(6) of the Ethics in Government
Act of 1978 (5 U.S.C. App.); or
``(bb) the spouse of the covered officer holds a position
that would be required to be reported under section 102(a)(6)
of the Ethics in Government Act of 1978 (5 U.S.C. App.) if it
were a position held by the covered officer;
``(ii) includes any private entity for which the covered
officer is required to report an ownership interest of the
covered officer or the spouse of the covered officer under
section 102(a)(3) of the Ethics in Government Act of 1978 (5
U.S.C. App.); and
``(iii) does not include--

``(I) a publicly traded entity; or
``(II) an entity described in clause (i)(I) or (ii) if the
ownership interest is held in a qualified blind trust, as
defined in section 101(f)(3) of the Ethics in Government Act
of 1978 (5 U.S.C. App.).

``(C) Covered private business transaction.--The term
`covered private business transaction' means--
``(i) the exchange of anything with a value of more than
$200; and
``(ii) incurring a liability that would be required to be
reported under section 102(a)(4) of the Ethics in Government
Act of 1978 (5 U.S.C. App.) if it were a liability of the
covered officer.''.
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