Royalty Transparency Act

The Royalty Transparency Act requires federal employees and members of specific public health advisory committees to disclose royalties received from inventions developed during government employment. Agencies must publish these disclosures online, including employee names and royalty amounts, making this information publicly accessible. The bill also mandates annual reports to Congress about potential conflicts of interest related to royalty payments in federal contracts. This legislation increases transparency around financial interests that could influence government work, particularly in public health areas.