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The Royalty Transparency Act requires executive branch employees and advisory committee members to disclose royalties received from inventions developed during government employment, and requires federal grant applicants and contractors to disclose royalties from non-federal sources. The bill mandates publication of these disclosures on agency websites and requires agencies to provide unredacted copies to Members of Congress upon request within 30 days. It also expands financial disclosure requirements to members of specified public health and science advisory committees, with a 5-year sunset provision for the advisory committee expansion.
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