The Royalty Transparency Act requires executive branch employees to report any royalties they receive, especially if related to inventions developed during government employment. It mandates that these financial disclosures be published online and provided unredacted to...
Simple Explanation
The Royalty Transparency Act is like a rulebook for people who work for the government, telling them they have to share if they get extra money for inventing things while at their job, and this information will be shared online, so everyone can see. They also want to make sure there are no sneaky deals that could cause problems when the government works with other companies or gives out money for projects.