Prohibition with respect to serving on corporate boards for Members of Congress or spouses of Members of Congress

(a) Prohibition Except as provided under subsection (b), a Member of Congress or the spouse of a Member of Congress may not serve as an officer or member of any board of any for-profit association, corporation, or other similar for-profit entity. (b) Exception (1) In general If the spouse of a Member of Congress serves as an officer or member of any board of an entity described in subsection (a) prior to the date of the enactment of this Act or prior to the date that the individual’s spouse began serving as a Member of Congress, the spouse— (A) may serve out the reminder of the duration of the board term held as of the date of the enactment of this Act, which may include as an officer of such board; (B) may not seek an officer position during the term described in subparagraph (A); and (C) may not serve out an additional board term, including as an officer, after the conclusion of the term described in subparagraph (A) for as long as their respective spouse serves as a Member of Congress. (2) Disclosure requirements (A) In general If the spouse of a Member of Congress continues to serve on a board pursuant to paragraph (1), the spouse shall submit a report to the Secretary of the Senate and the Clerk of the House of Representatives disclosing such service not later than 20 days after the end of the quarterly period beginning on the first day of January, April, July, and October of each year. (B) Report The report required under subparagraph (A) shall include the following: (i) The details of the individual’s service as an officer or member of any board of any for-profit association, corporation, or other entity. (ii) A description of any lobbying activity carried out by the for-profit association, corporation, or other entity during that quarter, and if the spouse engaged in such activity. (C) Public disclosure The Secretary of the Senate or the Clerk of the House of Representatives, as the case may be, shall publicly disclose on their electronic website in a timely fashion any such report filed under subparagraph (A). (c) Member of Congress defined In this section, the term Member of Congress means a Senator or Representative in, or Delegate or Resident Commissioner to, the Congress.