Financial Services Conflict of Interest Act

Bill: 115-hr-859
Sponsor: Rep. Cummings, Elijah E. [D-MD-7]
Introduced: 2017-02-03 in the House
Policy area: Government Operations and Politics
Subjects: Administrative law and regulatory procedures
Banking and financial institutions regulation
Civil actions and liability
Commodity Futures Trading Commission
Consumer Financial Protection Bureau
Department of the Treasury
Employee benefits and pensions
Employee hiring
Federal Deposit Insurance Corporation (FDIC)
Federal Housing Finance Agency
Federal Reserve System
Federal officials
Financial services and investments
Fraud offenses and financial crimes
Government employee pay, benefits, personnel management
Government ethics and transparency, public corruption
National Credit Union Administration
Office of Management and Budget (OMB)
Personnel records
Public contracts and procurement
Public participation and lobbying
Securities and Exchange Commission (SEC)
Wages and earnings

Summary:
action_date: 2017-02-03
text: 

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.



Legislative actions:
action_date: 2017-03-02
text: Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
action_date: 2017-03-02
text: Referred to the Subcommittee on the Constitution and Civil Justice.
action_date: 2017-02-03
text: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2017-02-03
text: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2017-02-03
text: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2017-02-03
text: Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2017-02-03
text: Introduced in House
action_date: 2017-02-03
text: Introduced in House