The bill amends Title 65 of the Pennsylvania Consolidated Statutes to establish stricter regulations regarding the acceptance of gifts, transportation, lodging, and hospitality by public officials and employees. It introduces a new section, 1103.1, which prohibits public officials, employees, and their spouses from soliciting or accepting any gifts of economic value from individuals or entities that have a business relationship with their governmental body, are compensated to influence legislation, or are regulated by the governmental body. Several exceptions to this prohibition are outlined, including gifts from relatives or friends (excluding registered lobbyists), contributions under the Pennsylvania Election Code, and certain educational or training-related expenses.

Additionally, the bill modifies the requirements for the statement of financial interests by lowering the threshold for reporting gifts from $250 to $50 per year from the same source and eliminating the previous threshold for reporting expenses related to transportation and lodging, which was set at $650. The new language mandates that any payment or reimbursement for expenses must be identified by type and clarifies that certain familial gifts and reimbursements from governmental bodies are exempt from reporting. The act is set to take effect in 60 days.