Federal Conflict of Interest Act

[AI summary unavailable — showing source text] Federal Conflict of Interest Act - Declares the purpose of the Act to be: (1) to circumscribe the Government activities of persons whose prior employment was with a regulated group; (2) to permit judicial enforcement by private persons of the provisions of this Act; and (3) to establish an independent mechanism for the purpose of monitoring the enforcement of existing conflict of interest statutes. Provides that no officer or employee in the executive branch of the Federal Government, whose rate of pay is equal to or greater than the rate established for level GS-16 in the General Schedule or who occupies a professional or technical position with duties of a nature that the employee could cause an economic advantage for or handicap against a special interest in the discharge of his official duties and responsibilities or who occupies a management, administrative, or investigative position, in either regulatory or management echelons, where his actions are likely to have a significant impact on special interest enterprises, shall: (1) participate in any Federal regulatory action or policy decision which involves any special interest in which such officer or employee had a substantia…