WASHINGTON, Aug. 3 -- Sen. Richard Blumenthal issued text of the following press release:

[Hartford, CT] - Today, U.S. Senator Richard Blumenthal, Democratic Leader Chuck Schumer (D-N.Y.), U.S. Senators Mazie Hirono (D-Hawaii), Catherine Cortez Masto (D-Nev.), and Adam Schiff (D-Calif.) introduced the No Payoffs For Pardons Act to strengthen transparency and accountability in the presidential clemency process. This legislation would require individuals who receive pardons to disclose any significant financial gifts made in connection with their clemency, both at the time it is granted and for four years afterward. It also confirms federal bribery laws apply to the President and Vice President. Simply put, the No Payoffs For Pardons Act is ...