or expend Federal funds with the President, the Vice 
President, or a covered significant business interest. 
(2) EXCEPTIONS.— 
(A) ENTITLEMENTS.—The Federal Gov-
ernment may obligate or expend Federal funds 
the President or the Vice President is entitled 
to by law for discharging an official duty, in-
cluding annual salary. 
(B) OBLIGATIONS.—Paragraph (1) does 
not apply to Federal funds obligated or ex-
pended before or after the period in which the 
President or the Vice President, as applicable, 
serves in office. 
(c) RULE OF CONSTRUCTION.—Nothing in this Act 
may be construed to limit any payment to the President, 
the Vice President, an immediate family member of the 
President or Vice President, or covered significant busi-
ness interest of any Federal benefit for which the Presi-
dent, the Vice President, an immediate family member of 
the President or Vice President, or covered significant 
business interest would otherwise be eligible. 
(d) DEFINITIONS.—In this section: 
(1) CONTRACT OR AGREEMENT WITH FEDERAL 
GOVERNMENT.—The term ‘‘contract or agreement 
with the Federal Government’’ means a procurement 
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contract or grant, a land use contract, or a lease 
created, funded, or controlled by the Federal Gov-
ernment, respectively. 
(2) COVERED
SIGNIFICANT
BUSINESS
INTER-
EST.—The term ‘‘covered significant business inter-
est’’ means any corporation, company, association, 
firm, partnership, proprietorship, or any other busi-
ness entity of which the President, the Vice Presi-
dent, an immediate family member of the President, 
or an immediate family member of the Vice Presi-
dent is— 
(A) a trustee; 
(B) a partner; 
(C) an officer; 
(D) a director; or 
(E) a shareholder who holds more than 10 
percent of any class of equity securities. 
(3) IMMEDIATE
FAMILY
MEMBER.—The term 
‘‘immediate family member’’ means a spouse, par-
ent, sibling, child, or dependent relative. 
(e) APPLICATION.— 
(1) CONTRACT OR AGREEMENT WITH FEDERAL 
GOVERNMENT.—The prohibition under subsection 
(a)(1) applies to contracts or agreements with the 
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Federal Government entered into, revised, or re-
newed after the date of the enactment of this Act. 
(2) FEDERAL FUNDS.—The prohibition under 
subsection (a)(2) applies to Federal funds obligated 
after the date of the enactment of this Act. 
TITLE 
III—INCREASED 
OVER-
SIGHT AND STRENGTHENING 
AGENCIES RESPONSIBLE FOR 
ROOTING OUT CORRUPTION 
SEC. 301. CONGRESSIONAL NOTIFICATION OF CHANGE IN 
STATUS OF INSPECTOR GENERAL. 
(a) CHANGE IN STATUS OF INSPECTOR GENERAL OF 
OFFICES.—Section 3(b) of the Inspector General Act of 
1978 (5 U.S.C. App.) is amended— 
(1) by inserting ‘‘, is placed on paid or unpaid 
non-duty status,’’ after ‘‘is removed from office’’; 
(2) by inserting ‘‘, change in status,’’ after 
‘‘any such removal’’; and 
(3) by inserting ‘‘, change in status,’’ after ‘‘be-
fore the removal’’. 
(b) CHANGE IN STATUS OF INSPECTOR GENERAL OF 
DESIGNATED FEDERAL ENTITIES.—Section 8G(e)(2) of 
the Inspector General Act of 1978 (5 U.S.C. App.) is 
amended— 
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(1) by inserting ‘‘, is placed on paid or unpaid 
non-duty status,’’ after ‘‘office’’; 
(2) by inserting ‘‘, change in status,’’ after 
‘‘any such removal’’; and 
(3) by inserting ‘‘, change in status,’’ after ‘‘be-
fore the removal’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall take effect 30 days after the date of the 
enactment of this Act. 
SEC. 302. PRESIDENTIAL EXPLANATION OF FAILURE TO 
NOMINATE AN INSPECTOR GENERAL. 
(a) IN GENERAL.—Subchapter III of chapter 33 of 
title 5, United States Code, is amended by inserting after 
section 3349d the following new section: 
‘‘§ 3349e. Presidential explanation of failure to nomi-
nate an Inspector General 
‘‘If the President fails to make a formal nomination 
for a vacant Inspector General position within the period 
beginning on the date on which the vacancy occurred and 
ending on the day that is 210 days after that date, the 
President shall communicate, within 30 days after the end 
of such period, to Congress in writing — 
‘‘(1) the reasons why the President has not yet 
made a formal nomination; and 
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‘‘(2) a target date for making a formal nomina-
tion.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for chapter 33 of title 5, United States Code, is amended 
by inserting after the item relating to 3349d the following 
new item: 
‘‘3349e. Presidential explanation of failure to nominate an Inspector General.’’. 
(c) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall take effect on the date of the enact-
ment of this Act and shall apply to any vacancy first oc-
curring on or after that date. 
Æ 
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