HR 859 · 115th Congress · Government Operations and Politics

Financial Services Conflict of Interest Act

Introduced 2017-02-03· Sponsored by Rep. Cummings, Elijah E. [D-MD-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.(2017-03-02)

Plain Language Summary

[AI summary unavailable — showing source 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat