Royalty Transparency Act

H.R. 1863 would require executive branch employees to disclose any royalties they receive from outside sources in their financial disclosure reports. This includes employees who serve on federal advisory committees related to public health, science, and defense. The bill would require federal agencies to publish annual reports listing the names of employees receiving royalties and the amounts or values of those royalties, making this information available to Congress and the public. The bill also directs federal procurement officials to review royalty information when making government contracting decisions. The measure is intended to increase transparency about potential conflicts of interest and ensure that federal employees' outside financial interests do not influence their government work. The bill is currently under consideration by the House Committees on Oversight and Government Reform and the Judiciary.