1. Short title This Act may be cited as the End Secret Holdings and Ethical and Legal Loopholes Act of 2017 or the End SHELLs Act . 2. Beneficial ownership reporting requirement (a) In general Section 103 of the Ethics in Government Act of 1978 ( 5 U.S.C. App. 103 ) is amended by adding at the end the following: (m) (1) Not later than 30 days after the sale of real property by the President, the Vice President, or any high-level official (whether such sale is made directly or indirectly through a trust, corporation, or other legal entity or through a nominee, agent, spouse, or minor child), the President, Vice President, or high-level official, as applicable, shall file a report with the Director of the Office of Government Ethics with respect to such sale, identifying the name and current residential or business street address of each natural person who is a beneficial owner of the real property upon completion of the sale. (2) The Director of the Office of Government Ethics shall make all reports filed pursuant to this subsection available to the public, including on the website of the Office of Government Ethics. (3) For purposes of this subsection— (A) with respect to real property, the term beneficial owner — (i) except as provided under clause (ii), means a natural person who, directly or indirectly— (I) exercises substantial control over the real property, through ownership interests, voting rights, agreement, or otherwise; or (II) has a substantial interest in or receives substantial economic benefits from the real property; and (ii) does not include— (I) a minor child; (II) a natural person acting as a nominee, intermediary, custodian, or agent on behalf of another person; (III) a natural person acting solely as an employee of a corporation or limited liability company and whose control over or receipt of economic benefits from the real property derives solely from the employment status of the person