H.R. 8177, also known as the “Stop Foreign Payoffs Act,” aims to require senior U.S. Government officials and their family members to sell any foreign financial interests they hold. These individuals are also prohibited from receiving payments from foreign businesses. The...
Simple Explanation
The Stop Foreign Payoffs Act (H.R. 8177) wants big U.S. Government bosses and their families to sell any foreign money stuff they own and not get paid by foreign companies, so they focus on America first. If they don't follow the rules, they might get in trouble with the government.