Royalty Transparency Act

S 855, the Royalty Transparency Act, requires federal employees and certain advisory committee members to publicly disclose royalties earned from inventions developed during their government service. It mandates new financial reports detailing the source and value of these royalties, including payments under the Federal Technology Transfer Act of 1986. Agencies must publish this information online within 180 days of enactment and annually thereafter, listing individual names and royalty amounts. The bill also establishes annual congressional reporting requirements for agencies on confidential disclosures and conflict-of-interest reviews related to royalty payments.