Royalty Transparency Act

The Royalty Transparency Act would require executive branch employees and certain advisory committee members to disclose royalties received from inventions developed during government employment, including those of their spouses and dependent children. It mandates that the Government Accountability Office annually identify public health-related advisory committees whose recommendations have been implemented, and requires agencies to publish royalty reports online and provide unredacted copies to Congress upon request. The bill also requires federal agencies to review contractors for conflicts of interest related to royalty payments and report findings to congressional committees. These…

No official summary is available here. This one was written by AI from the bill’s text.