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<bill bill-stage="Engrossed-in-Senate" bill-type="olc" dms-id="A1" public-print="no" public-private="public" slc-id="S1-HEN19B82-8ZB-CP-PY3" stage-count="1" star-print="no-star-print"><metadata xmlns:dc="http://purl.org/dc/elements/1.1/">
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<dc:title>116 S2851 ES: 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. </dc:title>
<dc:publisher>U.S. Senate</dc:publisher>
<dc:date></dc:date>
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<dc:language>EN</dc:language>
<dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
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<congress display="yes">116th CONGRESS</congress><session display="yes">1st Session</session><legis-num display="yes">S. 2851</legis-num><current-chamber display="no">IN THE SENATE OF THE UNITED STATES</current-chamber><legis-type display="yes">AN ACT</legis-type><official-title display="yes">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. </official-title></form><legis-body display-enacting-clause="yes-display-enacting-clause" style="OLC"><section commented="no" display-inline="no-display-inline" id="id6A953576EE254C5C865FBB68AF30E86A" section-type="section-one"><enum>1.</enum><header display-inline="yes-display-inline">Government Publishing Office</header><subsection commented="no" display-inline="no-display-inline" id="id690EC960F55B42EFB07E77203A7437FF"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Section 442 of title 18, United States Code, is amended to read as follows:</text><quoted-block display-inline="no-display-inline" id="id379FD5E80CC44E25A0A947DA7021F965" style="USC"><section commented="no" display-inline="no-display-inline" id="idF91B539193354945B741FD11E83BC7EC" section-type="subsequent-section"><enum>422.</enum><header display-inline="yes-display-inline">Government Publishing Office</header><subsection commented="no" display-inline="no-display-inline" id="idFABBC66EDB0248059A711826ABF80E55"><enum>(a)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this section—</text><paragraph commented="no" display-inline="no-display-inline" id="id75E59A489A164629B8809C04F5F6AD16"><enum>(1)</enum><text display-inline="yes-display-inline">the terms <term>diversified</term>, <term>employee benefit plan</term>, <term>holding</term>, <term>mutual fund</term>, and <term>unit investment trust</term> have the meanings given those terms under section 2640.102 of title 5, Code of Federal Regulations, or any successor thereto; and</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id4A96AA085CD64452BD7D205740ADD94C"><enum>(2)</enum><text display-inline="yes-display-inline">the term <term>printing-related interest</term> means an interest, direct or indirect, in—</text><subparagraph commented="no" display-inline="no-display-inline" id="id2FF458C84AE44826893BD0564F3F7F68"><enum>(A)</enum><text display-inline="yes-display-inline">the publication of any newspaper or periodical;</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idCC1DB1B44D704D15BC10C9B45F19FC97"><enum>(B)</enum><text display-inline="yes-display-inline">any printing, binding, engraving, or lithographing of any kind; or</text></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id1200A255B5B146ED8A1990282DE6D130"><enum>(C)</enum><text display-inline="yes-display-inline">any contract for furnishing paper or other material connected with the public printing, binding, lithographing, or engraving.</text></subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id435DBF1CDAE14B89B677594F72A6055D"><enum>(b)</enum><header display-inline="yes-display-inline">Offense</header><paragraph commented="no" display-inline="no-display-inline" id="idCA475376A57C4D39838CFD76DF7EE60E"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Except as provided in paragraph (2), the Director of the Government Publishing Office shall not, during his or her continuance in office, have any printing-related interest.</text></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id4DB483A79CFA4DAF99435B125FE1D0EE"><enum>(2)</enum><header display-inline="yes-display-inline">Exception for mutual funds, unit investment trusts, employee benefit plans, and retirement plans</header><text display-inline="yes-display-inline">It shall not be a violation of paragraph (1) for the Director of the Government Publishing Office 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 <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/5/84">chapter 84</external-xref> 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.</text></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id949B7E296DA5464DBDBC2E7A5DD6B7DD"><enum>(c)</enum><header display-inline="yes-display-inline">Penalty</header><text display-inline="yes-display-inline">Whoever violates subsection (b)(1) shall be fined under this title, imprisoned for not more than 1 year, or both.</text></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block></subsection><subsection commented="no" display-inline="no-display-inline" id="idED026C2C5DE94C229DBC7CA84BF4F442"><enum>(b)</enum><header display-inline="yes-display-inline">Technical and conforming amendment</header><text display-inline="yes-display-inline">The table of sections for <external-xref legal-doc="usc-chapter" parsable-cite="usc-chapter/18/23">chapter 23</external-xref> of title 18, United States Code, is amended by striking the item relating to section 442 and inserting the following:</text><quoted-block display-inline="no-display-inline" id="id7d1bc688-0d03-4772-8e04-795eb853a2ad" style="USC"><toc><toc-entry bold="off" level="section">442. Government Publishing Office.</toc-entry></toc><after-quoted-block>.</after-quoted-block></quoted-block></subsection></section></legis-body><attestation><attestation-group><attestation-date chamber="Senate" date="20191113">Passed the Senate November 13, 2019.</attestation-date><attestor display="no"></attestor><role>Secretary</role></attestation-group></attestation><endorsement display="yes"></endorsement></bill>


