Federal Ethics Act

[AI summary unavailable — showing source text] Federal Ethics Act - Title I: Ethical Conduct - Establishes a Federal Code of conduct for certain officers and employees of the Federal Government. Prohibits such individuals from: (1) soliciting or accepting items in excess of $50 from persons with whom such individuals have official dealings; (2) using their official positions to secure private gain for themselves or any other person, unless such use is provided for by law; or (3) presenting to the public an appearance of impropriety through conduct or association. Restricts such individuals from accepting any item of value for non-governmental employment. Prohibits such individuals from participating in matters in which their immediate families or certain former employees have a material interest. Sets limitations on employment which may be accepted subsequent to Government service. Sets forth criminal penalties for violation of the Code of Conduct. Establishes a seven-member Federal Commission on Ethics. Sets forth procedure for selection of members. Prohibits elected or appointed Federal officers or employees from serving on the Commission. Empowers the Commission to conduct investigations and hearings and report violations of…