1. Short title; findings (a) Short title This Act may be cited as the Public Service Spending Integrity Act . (b) Findings Congress finds the following: (1) Americans’ trust in government is essential to our democracy. (2) Allowing public service by an elected official to seemingly converge with their own personal gain is corrosive to Americans’ faith in government. (3) Members of Congress and the executive branch have substantial power and discretion over the disbursement of public funds, and with that comes the obligation to create a barrier between public service and personal gain. 2. Limitation on use of Federal funds and contracting at businesses owned by certain Government officers and employees (a) Limitation on Federal funds Beginning in fiscal year 2024 and in each fiscal year thereafter, no Federal funds may be obligated or expended for purposes of procuring goods or services at any business owned or controlled by a covered individual or any family member of such an individual, unless such obligation or expenditure of funds is authorized under the Presidential Protection Assistance Act of 1976 ( Public Law 94–524 ). (b) Prohibition on contracts No Executive agency may enter into or hold a contract with a business owned or controlled by a covered individual or any family member of such an individual. (c) Determination of ownership For purposes of this section, a business shall be deemed to be owned or controlled by a covered individual or any family member of such an individual if the covered individual or member of family (as the case may be)— (1) is a member of the board of directors or similar governing body of the business; (2) directly or indirectly owns or controls more than 50 percent of the voting shares of the business; or (3) is the beneficiary of a trust which owns or controls more than 50 percent of the business and can direct distributions under the terms of the trust. (d) Definitions In this section: (1) Covered individual The term covered individual means— (A) the President