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house Bill H.R. 859

Financial Services Conflict of Interest Act

Bill Details

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Title

Financial Services Conflict of Interest Act

Official Title

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.

Summary

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.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Financial Services
      The Constitution, Civil Rights, and Civil Liberties
      Crime, Terrorism and Homeland Security
      Committee on the Judiciary
      Committee on Oversight and Reform
    IntroducedFebruary 3rd, 2017