[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5277 Enrolled Bill (ENR)]
H.R.5277
One Hundred Sixteenth Congress
of the
United States of America
AT THE FIRST SESSION
Begun and held at the City of Washington on Thursday,
the third day of January, two thousand and nineteen
An Act
To amend section 442 of title 18, United States Code, to exempt certain
interests in mutual funds, unit investment trusts, employee benefit
plans, and retirement plans from conflict of interest limitations for
the Government Publishing Office.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. GOVERNMENT PUBLISHING OFFICE.
(a) In General.--Section 442 of title 18, United States Code, is
amended to read as follows:
``Sec. 442. Government Publishing Office
``(a) Definitions.--In this section--
``(1) the terms `diversified', `employee benefit plan',
`holdings', `mutual fund', and `unit investment trust' have the
meanings given those terms under section 2640.102 of title 5, Code
of Federal Regulations, or any successor thereto; and
``(2) the term `printing-related interest' means an interest,
direct or indirect, in--
``(A) the publication of any newspaper or periodical;
``(B) any printing, binding, engraving, or lithographing of
any kind; or
``(C) any contract for furnishing paper or other material
connected with the public printing, binding, lithographing, or
engraving.
``(b) Offense.--
``(1) In general.--Except as provided in paragraph (2), the
Director of the Government Publishing Office, Deputy Director of
the Government Publishing Office, nor any of their assistants as
determined by the Director of the Government Publishing Office
shall not, during his or her continuance in office, have any
printing-related interest.
``(2) Exception for mutual funds, unit investment trusts,
employee benefit plans, and retirement plans.--It shall not be a
violation of paragraph (1) for an individual who is described in
such paragraph to have an interest in a diversified mutual fund,
diversified unit investment trust, employee benefit plan,
investment fund under the Thrift Savings Plan under subchapter III
of chapter 84 of title 5, or pension plan established or maintained
by a State government or any political subdivision of a State
government for its employees that has 1 or more holdings that are
printing-related interests if the fund, trust, or plan does not
exhibit a practice of concentrating in printing-related interests.
``(3) Authority of supervising ethics office.--The supervising
ethics office for the Government Publishing Office under the Ethics
in Government Act of 1978 (5 U.S.C. App.) shall have the authority
to issue rules and promulgate regulations governing the
implementation of this subsection.
``(c) Penalty.--Whoever violates subsection (b)(1) shall be fined
under this title, imprisoned for not more than 1 year, or both.''.
(b) Technical and Conforming Amendment.--The table of sections for
chapter 23 of title 18, United States Code, is amended by striking the
item relating to section 442 and inserting the following:
``442. Government Publishing Office.''.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.