Financial Services Conflict of Interest Act

2017-02-01

Introduced in Senate

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.

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