Royalty Transparency Act approved by Senate committee

The Senate Homeland Security and Governmental Affairs Committee approved the Royalty Transparency Act in a 13-0 vote on Wednesday.

The bill was introduced by Sens. Rand Paul (R-KY) and Rick Scott (R-FL). It requires government employees and advisory committee members to acknowledge any royalty payments they may receive during their work. It is part of a process that will help increase government transparency and accountability efforts, according to a press release.