The Presidential Ethics Reform Act, designated as H.R. 8489 in the 118th United States Congress (2023-2024), is a bipartisan legislative proposal introduced by Representative James Comer (R-KY), Chairman of the House Committee on Oversight and Accountability, and Representative Katie Porter (D-CA). The bill seeks to strengthen ethics standards for the executive branch by amending title 5 of the United States Code to require enhanced financial disclosures from the President, Vice President, and their immediate family members. Key provisions include mandatory reporting of foreign payments, expensive gifts, loan transactions, and tax returns covering the two-year period before entering office, during their tenure, and for two years after leaving office. This measure aims to prevent profiteering from proximity to power and ensure that public offices are not for sale, promoting transparency and enabling robust congressional oversight. The legislation addresses longstanding concerns over emoluments clause violations and potential conflicts of interest in the presidency, building on existing financial disclosure requirements by expanding their scope to family members and extending the reporting timeline. Introduced amid discussions on executive branch integrity, the bill has been highlighted in media appearances where its sponsors emphasized its role in delivering transparency. As of available information, the bill's status in Congress remains pending further action and it has not yet been enacted into law.