Rulemaking for ethics requirements for legal expense funds

(a) In general Not later than 1 year after the date of enactment of this Act, the Director of the Office of Government Ethics shall finalize a rule establishing ethics requirements for the establishment or operation of a legal expense fund for the benefit of the President, the Vice President, or any political appointee (as defined in section 1216(f)(6) of title 5, United States Code, as added by section 2621(a) of this Act), consistent with the requirements of subsection (b). (b) Limitations on acceptance of certain payments (1) In general A legal expense fund described in subsection (a) may not accept any contribution or other payment made by— (A) an individual who is a registered lobbyist under the Lobbying Disclosure Act of 1995 (2 U.S.C. 1601 et seq.); or (B) an agent of a foreign principal, as defined in section 1 of the Foreign Agents Registration Act of 1938, as amended (22 U.S.C. 611). (2) Appropriate remedial action In the case of a contribution described in paragraph (1)— (A) the legal expense fund shall take appropriate remedial action; and (B) the Director of the Office of Government Ethics may assess a fine against the individual or agent of a foreign principal, as defined in section 1 of the Foreign Agents Registration Act of 1938, as amended (22 U.S.C. 611), who made, or attempted to make, the contribution or other payment.