Rand Paul (R-KY)

Royalty Transparency Act

S. 855 · Senate bill Government Operations and Politics

A Republican bill with 1 Republican cosponsor · See the cosponsor

Last activity — Placed on Senate Legislative Calendar under General Orders. Calendar No. 165.

Cleared committee, waiting for its first floor vote

A committee approved it and it is on the calendar of the chamber it started in.

This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.

Its path through Congress

  1. Introduced
  2. On Calendar

What this bill would do

The Royalty Transparency Act requires various executive branch employees and advisory committee members to report specific royalties they receive. It expands financial disclosure requirements to include members of several public health and science advisory committees. The bill mandates that the Government Accountability Office publish a list of relevant advisory committees annually. Additionally, it requires agencies to publish reports on the internet regarding the names and royalty amounts of certain covered individuals. The Act also directs the Federal Acquisition Regulatory Council and the Office of Management and Budget to address conflict of interest reviews regarding royalties for contractors or grantees.

Yes

  • Scored +8

    Does this make what the government does easier for the public to see?

    The bill mandates the public reporting of names and royalty amounts for certain executive branch employees and advisory committee members.

  • Scored +1

    Does this make health care easier to get in general?

    The bill increases transparency regarding the financial interests of public health advisory committee members.

The opposite

  • Scored -5

    Does this protect people from being watched or searched?

    The bill requires employees to disclose the source and amount of royalties received by their spouses and dependent children.

  • Scored -2

    Would high-income households be better off under this?

    The bill imposes new financial disclosure and reporting requirements on high-earning government employees and committee members.

  • Scored -1

    Does this make it easier to run a small business?

    The bill increases regulatory oversight and conflict of interest review requirements for prospective contractors and grantees.