Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Royalty Transparency Act requires executive branch employees and members of certain federal advisory committees related to public health to disclose royalties they receive from inventions developed during their government employment. These disclosures must include the source and amount of royalties received by the employee, their spouse, or dependent children and must be made available to the public on agency websites, with some personal information redacted. The bill also requires Congress members to receive unredacted copies of disclosure reports within 30 days of request and mandates that agencies expand conflict-of-interest reviews for contractors and grantees to include royalty payments from the previous year. Additionally, the Government Accountability Office must publish a list within 180 days of advisory committees making public health recommendations that have been implemented, with annual updates thereafter. Most provisions are permanent, though the automatic inclusion of certain advisory committees expires after five years.
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