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: 
‘‘§ 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 govern-
ment 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.
H. R. 5277—2 
‘‘(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 regula-
tions 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.