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S. 265 115th Congress Senate

Financial Services Conflict of Interest Act

Official title: A bill to prevent conflicts of interest that stem from executive Government employees receiving bonuses or other compensation arrangements from nongovernment s… Show full official titleShow less

Official title: A bill to prevent conflicts of interest that stem from executive Government employees receiving bonuses or other compensation arrangements from nongovernment sources, from the revolving door that raises concerns about the independence of financial services regulators, and from the revolving door that casts aspersions over the awarding of Government contracts and other financial benefits.

Introduced: February 1, 2017 Introduced by: Tammy Baldwin Democratic · Wisconsin See on congress.gov
Government Operations and Politics Administrative law and regulatory proceduresBanking and financial institutions regulationCivil actions and liabilityCommodity Futures Trading Commission
More subjectsShow fewer subjects
Consumer 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 recordsPublic contracts and procurementPublic participation and lobbyingSecurities and Exchange Commission (SEC)Wages and earnings
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action February 1, 2017

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

 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.
 Related & companion bills 4
  • HR 859 Identical bill Financial Services Conflict of Interest Act
  • HR 3537 We the People Act of 2017
  • HR 3848 We the People Democracy Reform Act of 2017
  • S 1880 We the People Democracy Reform Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 6
D
Whitehouse, Sheldon
Rhode Island · Feb 10, 2017
 D
Blumenthal, Richard
Connecticut · Feb 1, 2017
 D
Merkley, Jeff
Oregon · Feb 1, 2017
 D
Schatz, Brian
Hawaii · Feb 1, 2017
 D
Van Hollen, Chris
Maryland · Feb 1, 2017
 D
Warren, Elizabeth
Massachusetts · Feb 1, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 265: Financial Services Conflict of Interest Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-265/
MLA
"S. 265: Financial Services Conflict of Interest Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-265/.
Bluebook (legal)
S. 265, 115th Cong. (2026), https://openamerica.io/bill/115-S-265/.
Markdown link
[S. 265: Financial Services Conflict of Interest Act](https://openamerica.io/bill/115-S-265/)
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