1. Short title This Act may be cited as the Know Conflicts Act of 2017 . 2. Full disclosure of entities receiving Federal funding Section 2 of the Federal Funding Accountability and Transparency Act of 2006 ( 31 U.S.C. 6101 note) is amended— (1) in subsection (a)— (A) by redesignating— (i) paragraphs (6) through (8) as paragraphs (9) through (11), respectively; and (ii) paragraphs (1) through (4) as paragraphs (3) through (7), respectively; (B) by inserting before paragraph (2), as redesignated, the following: (1) Active financial conflict of interest The term active financial conflict of interest means any potential source of conflict that constitutes a financial interest in or liability owed to an entity reported as receiving a Federal award under this Act. (2) Covered person The term covered person means the President, Vice President, the spouse of the President, the spouse of the Vice President, a dependent child of the President, or a dependent child of the Vice President. ; and (C) by inserting after paragraph (7), as redesignated the following: (8) Potential source of conflict The term potential source of conflict means any financial interest or liability held by a covered person that— (A) (i) is not a financial interest described in section 102(f)(8) of the Ethics in Government Act of 1978 (5 U.S.C. App.); and (ii) is included in a covered person’s financial disclosure report required to be filed under section 101 of the Ethics in Government Act of 1978 (5 U.S.C. App.); or (iii) is otherwise identified by the Director of the Office of Government Ethics as a potential source of conflict. ; and (2) in subsection (b)(1)— (A) in subparagraph (F)(ii), by striking the period at the end and inserting a semicolon; (B) by redesignating subparagraph (G) as subparagraph (H); and (C) by inserting after subparagraph (F) the following: (G) information indicating whether a Federal award has resulted in the existence of one or more active financial conflicts of interest