To prohibit immediate family members of executive branch officials from using their family’s influence to benefit in foreign business dealings, and for other purposes.
This bill, known as the DADDY Act, prohibits the immediate family members of top executive branch officials from working for foreign companies based in countries outside the United States, NATO members, the Five Eyes Alliance, Japan, South Korea, and Israel. The restrictions apply to family members of the President, Vice President, and cabinet secretaries including State, Defense, Treasury, and other major departments. Anyone who knowingly violates this prohibition faces fines up to $250,000 and potential imprisonment for up to five years. The law would take effect two weeks after being enacted, and the definition of immediate family is broad, encompassing spouses, children, parents, siblings, and various in-laws and step-relations. The bill targets potential conflicts of interest where family members of senior officials might leverage their relatives' government positions for personal financial gain through foreign business dealings.
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