The bill H. 5571 aims to enhance transparency and accountability among employees of public institutions of higher learning in South Carolina. It introduces a new section, 59-101-700, which defines key terms related to employees and their business associations. The bill mandates that each public institution establish a secure electronic reporting system where employees must annually disclose any business activities they are involved in outside of their official duties. This disclosure must include the name of the business and a general description of the work performed.

Additionally, the bill requires institutions to adopt policies and procedures to implement and enforce these disclosure requirements, ensuring the confidentiality and security of the submitted information. Institutions must also report these policies to the relevant legislative committees. Importantly, the bill clarifies that employees are not prohibited from engaging in outside business activities unless restricted by state law or institutional policy. The act will take effect upon the Governor's approval.

Statutes affected:
04/23/2026: 59-101-700
Latest Version: 59-101-700