SENATE 265115th CongressRead twice and referred to the Committee on Homeland Security and Governmental Affairs.
Financial Services Conflict of Interest Act
- Last Action
- 2/1/2017
Actions
- 2017-02-01Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- 2017-02-01Introduced in Senate
CRS Summary
As of 2017-02-01 (00)
Financial Services Conflict of Interest Act
This bill amends the Ethics in Government Act of 1978 and other laws to:
- expand restrictions on federal government employees' acceptance of compensation from nongovernment sources,
- generally require certain financial-services regulators to recuse themselves from any official action that would provide a direct and substantial pecuniary benefit for a recent former employer or client,
- generally prohibit such a regulator from participating in matters that involve an individual or entity with whom the regulator is negotiating future employment,
- prohibit a federal government employee from participating in a procurement involving a contractor that had recently employed that employee, and
- expand restrictions on lobbying by certain former financial-services regulators.
Cosponsors (6)
- Elizabeth Warren (D-MA)
- Richard Blumenthal (D-CT)
- Brian Schatz (D-HI)
- Chris Van Hollen (D-MD)
- Jeff Merkley (D-OR)
- Sheldon Whitehouse (D-RI)
Subjects
- Administrative law and regulatory procedures
- Banking and financial institutions regulation
- Civil actions and liability
- Commodity Futures Trading Commission
- Consumer Financial Protection Bureau
- Department of the Treasury
- Employee benefits and pensions
- Employee hiring
- Federal Deposit Insurance Corporation (FDIC)
- Federal Housing Finance Agency
- Federal Reserve System
- Federal officials
- Financial services and investments
- Fraud offenses and financial crimes
- Government employee pay, benefits, personnel management
- Government ethics and transparency, public corruption
- National Credit Union Administration
- Office of Management and Budget (OMB)
- Personnel records
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.