Ethics Reform Act

This bill establishes a number of ethics requirements for members of Congress and the President and Vice President.

Specifically, the bill

• prohibits members of Congress from buying or selling individual securities other than widely held investment funds;
• prohibits former members of Congress from engaging in certain compensated lobbying activities;
• requires the Internal Revenue Service to disclose tax return information of candidates for President and Vice President; and
• prohibits the President, Vice President, Cabinet, and their immediate family members from raising funds from certain foreign entities.

The bill also prohibits contributions or donations by foreign nationals in connection with state or local ballot initiatives or referenda.