S. 265

Referred to Committee

Financial Services Conflict of Interest Act

Introduced 2/1/2017•115th Congress•Senate

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Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

2/1/2017 • Senate

Summary

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.

Introduced in Senate • 2/1/2017

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Topics & Subjects

Policy Area: Government Operations and Politics

Administrative law and regulatory proceduresBanking and financial institutions regulationCivil actions and liabilityCommodity Futures Trading CommissionConsumer Financial Protection BureauDepartment of the TreasuryEmployee benefits and pensionsEmployee hiringFederal Deposit Insurance Corporation (FDIC)Federal Housing Finance AgencyFederal Reserve SystemFederal officialsFinancial services and investmentsFraud offenses and financial crimesGovernment employee pay, benefits, personnel managementGovernment ethics and transparency, public corruptionNational Credit Union AdministrationOffice of Management and Budget (OMB)Personnel records