Title: Amending the Rules of the House of Representatives to prohibit with limited exceptions the participation of any Member, Delegate, Resident Commissioner, officer, or employee of the House on the board of any publicly held or publicly regulated corporation, financial institution, or business entity.
Policy area: Congress

Summary:
Amends Rule XXV (Limitations on Outside Earned Income and Acceptance of Gifts) of the Rules of the House of Representatives to prohibit a Member, Delegate, Resident Commissioner, officer, or employee of the House from serving as an officer or member of the board of any publicly held or publicly regulated corporation, financial institution, or business entity.
Specifies that this prohibition shall not apply, however, to uncompensated service as an officer or member of the board of an organization that is either tax-exempt or principally available to Members or employees of the House.


[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 1043 Introduced in House (IH)]

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115th CONGRESS
  2d Session
H. RES. 1043

  Amending the Rules of the House of Representatives to prohibit with 
limited exceptions the participation of any Member, Delegate, Resident 
  Commissioner, officer, or employee of the House on the board of any 
publicly held or publicly regulated corporation, financial institution, 
                          or business entity.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            August 21, 2018

    Miss Rice of New York (for herself and Mr. Reed) submitted the 
   following resolution; which was referred to the Committee on Rules

_______________________________________________________________________

                               RESOLUTION


 
  Amending the Rules of the House of Representatives to prohibit with 
limited exceptions the participation of any Member, Delegate, Resident 
  Commissioner, officer, or employee of the House on the board of any 
publicly held or publicly regulated corporation, financial institution, 
                          or business entity.

    Resolved,

SECTION 1. CONFLICT OF INTEREST.

    Rule XXV of the Rules of the House of Representatives is amended by 
adding at the end the following new clause:
``Conflict of interest
    ``9. A Member, Delegate, Resident Commissioner, officer, or 
employee of the House may not serve as an officer or member of the 
board of any publicly held or publicly regulated corporation, financial 
institution, or business entity. The preceding sentence shall not apply 
to service of a Member, Delegate, Resident Commissioner, officer, or 
employee as--
    ``(a) an officer or member of the board of an organization which is 
exempt from taxation under section 501(c) of the Internal Revenue Code 
of 1954, if such service is performed without compensation; or
    ``(b) an officer of member of the board of an institution or 
organization which is principally available to Members, Delegates, 
Resident Commissioner, officers, or employees of the House, or their 
families, if such service is performed without compensation.''.

SEC. 2. EFFECTIVE DATE.

    The amendment made by section 1 of this resolution shall take 
effect immediately before noon, January 3, 2019.
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