Royalty Transparency Act

This bill would require federal executive branch employees, including special government employees, to report on their financial disclosure forms the source and amount of royalties they, their spouse, or dependent children receive from inventions developed during government work. It would add members of several federal science and vaccine advisory committees to the list of people who must file public financial disclosure reports, and have the Government Accountability Office publish a yearly list of other public health advisory committees whose members must file. Agencies would post public disclosure reports on their websites, publish yearly lists of confidential filers who report royalties, and give unredacted reports (except certain personal details) to Members of Congress within 30 days of a request. Ethics waivers would have to be reported to congressional committees, and federal contracting and grant conflict-of-interest reviews would have to include royalties paid to applicants.

Full text and official record on Congress.gov

Sponsors

• Rand Paul Republican sponsor
• 1 cosponsors