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HR 1463 114th Congress House Finance and Financial Sector Fraud offenses and financial crimes Government ethics and transparency, public corruption Securities Securities and Exchange Commission (SEC)

SEC Revolving Door Restriction Act of 2015

Introduced: March 19, 2015 Introduced by: Lynch, Stephen F. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 19, 2015
Referred to the House Committee on Financial Services.
Mar 19, 2015
Introduced in House
 Plain-English summary Congressional Research Service

SEC Revolving Door Restriction Act of 2015

This bill amends the Securities Exchange Act of 1934 to subject to federal criminal penalties for bribery, graft, and conflicts of interest an ex-employee of the Securities and Exchange Commission (SEC) who, within one year after ending employment with the SEC, works for any company or individual against whom the SEC brought an enforcement action (or a related waiver) within the previous 18 months and the ex-employee participated in that action.

Any employee who seeks to work for such a company or individual must first receive an ethics opinion from the SEC on whether permission to do so should be granted.

Non-professional SEC staff are exempt from this employment prohibition.

What's happening now March 19, 2015

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1