In the United States, the Speaker of the House is not required to forfeit their business interests entirely. However, they are subject to certain ethics rules and disclosure requirements.
According to House Ethics Committee rules, the Speaker must:
Disclose their financial interests, including business holdings, in their annual financial disclosure statements.
Recuse themselves from matters that could affect their personal financial interests.
Avoid using their official position for personal financial gain.
While the Speaker is not required to divest themselves of all business interests, they are expected to manage potential conflicts of interest and maintain the public's trust.
It's worth noting that some Speakers have chosen to divest themselves of certain business interests or place them in blind trusts to avoid potential conflicts of interest.
A non-congressperson can indeed become the Speaker of the House, although it would be a highly unusual and unprecedented event. The Constitution doesn't explicitly prohibit a non-member from being Speaker, as long as they are elected to the House before taking the office.
This situation could arise if a person is elected to the House after being nominated and elected by its members, and then goes on to become Speaker. While it's not a scenario that has ever occurred in US history, it's theoretically possible.
In the United States, the Speaker of the House is not required to forfeit their business interests entirely. However, they are subject to certain ethics rules and disclosure requirements.
According to House Ethics Committee rules, the Speaker must:
While the Speaker is not required to divest themselves of all business interests, they are expected to manage potential conflicts of interest and maintain the public's trust.
It's worth noting that some Speakers have chosen to divest themselves of certain business interests or place them in blind trusts to avoid potential conflicts of interest.
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