WASHINGTON -- Former President Bill Clinton has offered to submit future charitable and business activities to strict ethics reviews if his wife, New York Sen. Hillary Clinton, were nominated as secretary of state, according to Democrats familiar with the deliberations. He has also agreed for the first time to disclose many of the previous donors to his efforts.

Mrs. Clinton is on a short list of names for secretary of state. A small team of aides to President-elect Barack Obama and the Clintons has been negotiating for the...