EXCLUSIVE: Rep. Michael Waltz, R-Fla., Is set to introduce a bill to have the president and vice president disclose the finances of their non-dependent children as President Biden’s son is preparing to attend art exhibitions where he could meet potential buyers of his paintings.
Fox News has exclusively secured Waltz’s bill, the Preventing Anonymous Income by Necessiting Transparency of Executive Relatives (PAINTER) Act, which will require presidents and vice-presidents to provide financial information for all their non-dependent children.
A requirement already exists under the ethics law in the government for spouses and dependent children of presidents to disclose their finances.
HUNTER BIDEN’S ART DEALER SAID HE WANTED TO BE THE “LEAD GUY IN CHINA” IN 2015
Waltz told Fox News the bill “was intended to stop” what he thinks is “the obvious and shameless blunder that is going on with Hunter Biden’s art sales, for which he is obviously not qualified. to do so and just keep enjoying his last name. “
“Look, this is just an obvious and despicable trend,” Waltz told Fox News by telephone on Tuesday, noting that the president’s son was “a shareholder in the Chinese nuclear power group who is blacklisted for attempting to steal the American warhead technology “. as another example.
“I mean we can keep going through the list of egregious acts after egregious acts, and we have to put an end to it,” Waltz continued. “And I will do my best to incorporate it into the legislation.”
The Florida Republican also said that while this law focuses on expanding disclosures outside of spouses and dependent children “to reach adult children,” he “would be open” to expanding it from the.
“The PAINTER Act, at this point, would extend it to the president’s adult children,” Waltz said.
The congressman also said that President Biden pledging to reveal who buys his son’s artwork – which the president has yet to do – “falls under the category of the right things to do.”
“And that’s really what it’s about, it’s just to get a little bit of transparency and shed some light on that,” “We should know who is hijacking, hijacking and buying influence – that Hunter Biden has been selling for a long time – to the President of the United States. “
When asked if Hunter Biden’s art dealer, Georges Berges’ ties to China could pose ethical and national security issues, Waltz replied that “Hunter’s ties to China pose a problem. national security issue “.
“I was in business myself. I had to raise money and finance a business,” Waltz said. “The fact that he flew Air Force Two for official reasons and received a billion dollars from the central bank of China a few weeks later – and then months later another half a billion – given his complete lack of qualifications is a disturbing and obvious fact. grog in itself. “
“But, what I want to get to the bottom of is: under the leadership of his Chinese business partners – who are still business partners right now – what kind of technology has Hunter facilitated? there any technologies that should normally have had export controls? Do they have a dual civil and military use? “
“I can tell you again – I’m on the China task force – the Chinese are not looking to find investors like Hunter Biden to buy into small factories,” the congressman continued. “They want artificial intelligence, advanced materials, quantum computing, robotics.”
Waltz said he believed there was “a lot to learn” about how young Biden “takes advantage of his last name” and “what kind of damage it causes in the United States because of the comfort with our greatest adversary “.
“It’s about putting in place some transparency,” Waltz said. “And it’s sad the Biden family isn’t doing it on purpose, that we have to legislate this. So that’s the right thing to do.”
“Separately, I know people are going to point fingers at the Trump family and the kids,” the congressman continued. “I think there is a distinction here in that if you have grown children with a long, well-established career both before the job and then to continue doing it… I have no problem with that.”
“But when you see the whole new business, a lucrative business, with no qualifications clearly relying only on last name with anonymous buyers, that’s a whole different matter and that’s what really gets me thinking,” Waltz noted.
“And then you add that to the Chinese transactions, the Burisma transactions and the kind of long, sad history of selling the Biden name for influence,” he added. “We have to do something about it.”
Specifically, the PAINTER Act amends the Law on Ethics in Government “to require financial disclosures concerning all children of the President and Vice President” and defines an unsupported child as anyone who is a son, a daughter, son-in-law or daughter-in-law of the reporting person who is over 17 years of age and who is not a dependent child of that reporting person. ”
The bill comes as the president’s son ventures into the art world, where his paintings are expected to sell to anonymous buyers for between $ 75,000 and $ 500,000 by the Georges Berges Gallery.
A Berges representative previously told Fox News that sales of Biden’s artwork will remain “confidential.” The White House said it has an ethics plan in place to ensure the president’s son doesn’t know who the buyers are, although Hunter Biden has raised his eyebrows with the intention of attending exhibitions. art that potential buyers will attend.
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Berges said in an interview with Resident in 2015 that he wanted to be the world leader in art in China.
“My plan is to be the leader in China, the main art collector and dealer who discovers and nurtures the talents of this region,” said Berges. “I plan to find, discover and bring to the rest of the world those whom I consider to be the next generation of modern artists in China.”
Waltz plans to drop the bill on Wednesday.