Q: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
SECTION 1. SHORT TITLE.

This Act may be cited as the ''SEC Revolving Door Restriction Act
of 2015''.

SEC. 2. ONE-YEAR EMPLOYMENT RESTRICTION RELATED TO ENFORCEMENT MATTERS.

(a) In General.--The Securities Exchange Act of 1934 (15 U.S.C. 78a
et seq.) is amended by inserting after section 4E the following new
section:

''SEC. 4F. ONE-YEAR EMPLOYMENT RESTRICTION RELATED TO ENFORCEMENT
MATTERS AND REQUIRED ETHICS OPINIONS.

''(a) One-Year Employment Restriction.--Any person who is an
employee of the Commission and who, within 1 year after the termination
of such employment with the Commission, works for any company or
individual against whom the Commission brought an enforcement action,
where such action (or a waiver related to such action) was brought
within the previous 18 months and was participated on by such person,
shall be subject to the same penalties as provided for in section 216
of title 18, United States Code, for offenses described in that
section.
''(b) Required Ethics Opinion.--
''(1) In general.--Any person who is an employee of the
Commission and who, within 1 year after the termination of such
employment with the Commission, seeks to work for any company
or individual against whom the Commission brought an
enforcement action (or issued a waiver related to such action)
where such action (or waiver) was participated on by such
person, shall first receive an ethics opinion from the
Commission.
''(2) Ethics opinion.--
''(A) Content.--The ethics opinion described in
paragraph (1) shall include a determination of whether
such person should be permitted to work for such
company or individual.
''(B) Determination requirements.--The Commission
may not determine, under subparagraph (A), that such
person should be permitted to work for such company or
individual unless the Commission finds that--
''(i) there would be no appearance of
impropriety for such person to work for such
company or individual;
''(ii) no material advantage would be
gained by such company or individual because
such person participated on an enforcement
action (or a waiver related to such action);
and
''(iii) the integrity of any ongoing
enforcement action participated on by such
person is not diminished by such person going
to work for such company or individual.
''(C) Regulations.--The Chairman of the Commission
shall provide for regulations for the issuance of
ethics opinions under this subsection.
''(3) Penalties.--A person shall be subject to the same
penalties as provided for in section 216 of title 18, United
States Code, for offenses described in that section, if such
person--
''(A) receives an ethics opinion under paragraph
(1), where such ethics opinion states that such person
should not be permitted to work for a particular
company or individual; and
''(B) within 1 year after the termination of such
person's employment with the Commission, the person
works for such company or individual.
''(c) Exception for Non-Professional Staff.--The provisions of this
section shall not apply to a person who is a non-professional staff
employee of the Commission.
''(d) Definitions.--For purposes of this section:
''(1) Enforcement action.--The term 'enforcement action'
means such court actions, administrative proceedings,
Commission opinions, and other actions, as the Commission may
determine appropriate.
''(2) Participated on.--With respect to an enforcement
action (or a waiver related to such action) and a person, the
term 'participated on' means the person either--
''(A) participated personally in the enforcement
action (or waiver related to such action); or
''(B) knew or reasonably should have known that the
enforcement action (or waiver related to such action)
was under his or her official responsibility as an
employee of the Commission.
''(3) Work for.--The term 'work for' means--
''(A) employed by;
''(B) volunteers for;
''(C) lobbies on behalf of; or
''(D) consults for.''.
(b) Report.--One year after the date of the enactment of this Act,
the Chairman of the Securities and Exchange Commission shall submit a
report to the Congress analyzing the impact that the provisions of this
Act have had on recruitment and retention of employees by the
Securities and Exchange Commission.
(c) Effective Date.--The amendment made by subsection (a) shall
take effect 60 days after the date of the enactment of this Act.
A:
SEC Revolving Door Restriction Act of 2015 This bill amends the Securities Exchange Act of 1934 to subject to federal criminal penalties for bribery, graft, and conflicts of interest an ex-employee of the Securities and Exchange Commission (SEC) who, within one year after ending employment with the SEC, works for any company or individual against whom the SEC brought an enforcement action (or a related waiver) within the previous 18 months and the ex-employee participated in that action. Any employee who seeks to work for such a company or individual must first receive an ethics opinion from the SEC on whether permission to do so should be granted. Non-professional SEC staff are exempt from this employment prohibition.