Requires executive branch employees and members of certain advisory committees to report royalties they receive from inventions, and requires agencies to make those royalty reports public.

• Adds royalties from inventions, including royalty payments under the Federal Technology Transfer Act of 1986, to the financial disclosure reports that executive branch officers and employees file.
• Adds members of named health, science, and defense advisory committees, plus other committees the Government Accountability Office identifies, to the group required to file disclosure reports, with that expansion ending after five years.
• Requires agencies to publish each covered filer's name and royalty sources and amounts on their websites every year, and to provide unredacted reports to any Member of Congress within 30 days of a request.
• Requires the Federal Acquisition Regulatory Council and the Office of Management and Budget to include royalty payments in conflict of interest reviews of prospective contractors and grantees.

• Homeland Security and Governmental Affairs Committee (Senate)

Government Operations and Politics