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Financial Services Conflict of Interest Act

Introduced: February 1, 2017 Introduced by: Baldwin, Tammy Democratic · Wisconsin See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 1, 2017
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Feb 1, 2017
Introduced in Senate
 Plain-English summary Congressional Research Service

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.
What's happening now February 1, 2017

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

 Committees of jurisdiction 1