Members-elect Gift Ban Application Act of 2001

H.R. 787, the Members-elect Gift Ban Application Act of 2001, proposes to extend existing federal gift restrictions to individuals who have been elected to Congress but have not yet been officially sworn into office. Under current regulations, strict limits apply to the types of gifts, favors, or travel expenses sitting members of Congress can accept from lobbyists and outside interests. This bill ensures that those same ethical standards apply during the transition period between an election and the start of a new term, closing a loophole that could allow incoming lawmakers to receive gifts before they formally take their seats.