1. Short title This Act may be cited as the Presidential Accountability Act . 2. Divestiture of personal financial interests of the President and Vice President that pose a potential conflict of interest (a) In general The Ethics in Government Act of 1978 (5 U.S.C. App.) is amended by adding after title VI (as added by section 8003) the following: VII Divestiture of Financial Conflicts of Interests of the President and Vice President 701. Divestiture of financial interests posing a conflict of interest (a) Applicability to the president and vice president The President and Vice President shall, within 30 days of assuming office, divest of all financial interests that pose a conflict of interest because the President or Vice President, the spouse, dependent child, or general partner of the President or Vice President, or any person or organization with whom the President or Vice President is negotiating or has any arrangement concerning prospective employment, has a financial interest, by— (1) converting each such interest to cash or other investment that meets the criteria established by the Director of the Office of Government Ethics through regulation as being an interest so remote or inconsequential as not to pose a conflict