Summary: S.265 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.265. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/01/2017)

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.