S. 855, also known as the "Royalty Transparency Act," requires executive branch employees and certain advisory committee members to disclose royalties received from inventions developed during their government service. The bill mandates that these disclosures be made public...
Simple Explanation
The Royalty Transparency Act is a rule that says people who work for the government have to tell everyone if they get extra money (like a bonus) from ideas they come up with while working. This rule is to make sure everyone knows there are no secret money deals.