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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Financial Services Conflict of Interest Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to prevent conflicts of interest that stem from executive Government employees receiving bonuses or other compensation arrangements from nongovernment sources, from the revolving door that raises concerns about the independence of financial services regulators, and from the revolving door that casts aspersions over the awarding of Government contracts and other financial benefits.


Actions Overview (1)

Date
02/01/2017Introduced in Senate

All Actions (1)

Date
02/01/2017Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Action By: Senate

Cosponsors (6)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Warren, Elizabeth [D-MA]* 02/01/2017
Sen. Blumenthal, Richard [D-CT]* 02/01/2017
Sen. Schatz, Brian [D-HI]* 02/01/2017
Sen. Van Hollen, Chris [D-MD]* 02/01/2017
Sen. Merkley, Jeff [D-OR]* 02/01/2017
Sen. Whitehouse, Sheldon [D-RI] 02/10/2017

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Homeland Security and Governmental Affairs02/01/2017 Referred to

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Latest Summary (1)

There is one summary for S.265. View summaries

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.