Senator Elizabeth Warren. Photo: Craig F. Walker/The Boston Globe via Getty Images

Senator Elizabeth Warren (D-Mass.) introduced a sweeping anti-corruption bill Tuesday that would impose a lifetime ban on lobbying for presidents and federal lawmakers, restrict elected officials from owning individual stock, and limit lobbying on behalf of foreign governments.

Why it matters: Warren's Anti-Corruption and Public Integrity Act has a slim chance of passing, but it does shine a light on the questionable financial practices of several government officials, from Capitol Hill to the White House — just in time for the November midterm elections and 2020 presidential buzz.

Timing: The bill is Warren's latest effort to curb what she sees as corrupt influence campaigns within the U.S. government. Last week, Warren unveiled a different plan — the Accountable Capitalism Act — aimed at ratcheting up corporate governance.

The details: The anti-corruption legislation would...

  • Impose a lifetime ban on presidents, lawmakers, cabinet secretaries and justices.
  • Require presidential candidates to disclose years of previous tax returns and continue doing so each year of their presidency.
  • Bar federal workers from lobbying their former employers for at least two years.
  • Prevent lobbyists from taking a government job for at least two years.
  • Put new taxes on "excessive lobbying" of more than $500,000 a year.
  • Ensure Supreme Court justices follow a code of conduct recognized by other federal judges.

The backdrop:

  • President Trump and his family's properties have largely profited from his presidency, a matter that several critics and ethics watchdogs have claimed presents a conflict of interest and puts him at odds with his promise to "Drain the Swamp."
  • Earlier this month, Rep. Christopher Collins (R-NY), one of the first members of Congress to support President Trump, was arrested on charges of insider trading relating to the sale of shares in an Australian company, of which Collins sat on the board. Several other members of Congress have also owned stock in the company.
  • A government watchdog filed a complaint this month alleging that Commerce Secretary Wilbur Ross may be illegally holding stock in companies affected by Trump administration directives.

Go deeper: Elizabeth Warren’s plan to save capitalism

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Updated 37 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 19,193,661 — Total deaths: 716,735 — Total recoveries — 11,611,029Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 4,918,927 — Total deaths: 160,737 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: White House recommends Trump issue executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

Trump: "We are going a different way" on coronavirus aid

President Trump. Photo: Jim Watsonn/AFP via Getty Images

President Trump tweeted on Friday that his administration is "going a different way" with coronavirus aid after negotiations with congressional Democrats stalled again, suggesting he will use an executive order to address stimulus spending.

What he's saying: "Pelosi and Schumer only interested in Bailout Money for poorly run Democrat cities and states. Nothing to do with China Virus! Want one trillion dollars. No interest. We are going a different way!" Trump tweeted.

Trump's swift, sweeping China offensive

Illustration: Aïda Amer/Axios

President Trump's rhetoric on China has tended to run hotter than his actions — until now.

Why it matters: Even at the height of Trump's trade war, his administration never hit China as hard, as fast, and on as many fronts as it is right now.