Financial Services Conflict of Interest Act
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vs 3,548 other S bills in the 114th — cohort avg 43d
Financial Services Conflict of Interest Act This bill amends the federal criminal code to declare that any pension, retirement, group life, health or accident insurance, profit-sharing, stock bonus, or other employee welfare or benefit plan maintained by a federal employee's former private sector employer that makes payment of compensation contingent on accepting a position in the federal government shall not be considered exempt from certain conflict-of-interest restrictions. The Ethics in Government Act of 1978 is amended with respect to a financial services regulator who occupies a specified supervisory position within a primary financial regulatory agency, including among specified others the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission, and the Securities and Exchange Commission. A financial services regulator shall not make, participate in making, or in any way attempt to use his or her official position to influence a particular matter that provides a direct and substantial pecuniary benefit for a former employer or former client. The regulator must recuse himself or herself from any official action that would provide such a benefit. Moreover, the regulator may not knowingly participate in any matter which involves an individual or entity with which the regulator is negotiating prospective employment. If the regulator is negotiating future employment with another entity, that fact must be disclosed to the designated agency ethics official. The Director of the Office of Government Ethics must discharge certain recordkeeping duties to implement this Act, and refer any non-compliance to the U.S. Attorney for the District of Columbia. The bill subjects violators of this Act to specified federal civil and criminal penalties. The bill also increases from one to two years the period during which a former federal procurement officer responsible for a particular federal contract may not accept compensation from the contractor, including for lawyering or lobbyist services. This prohibition shall extend to accepting compensation from affiliates and subcontractors. Procurement officials must also disclose contacts with procurement bidders or offerors about possible non-federal employment for a relative. A federal employee may not be personally and substantially involved with the award or administration of a contract to a former employer for two years after leaving the employer. Federal criminal law is amended to prohibit compensation for a former regulator: for a one-year period for legal representation, lobbying, or assistance for any person (except the United States) in any judicial proceeding pending under his or her official responsibility as a regulator; or for a two-year period for similar activities on behalf of any person (except the United States) before any executive branch agency or Congress in connection with any pending matter. The Federal Deposit Insurance Act (FDIA) is amended to expand from one to two years the conflict-of-interest restrictions on federal examiners. These restrictions shall apply also to supervisors of up to five financial institutions. The FDIA subjects to specified penalties the supervisor of a large financial service regulatory agency as well as the supervisor of a senior examiner for knowingly accepting compensation during the prohibited two-year period after the individual's regulatory service ends.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (4)
2016 · fourth_quarter · Financial Institutions/Investments/Securities
S 2738-Political Intelligence Transparency Act, S 1779-Financial Services Conflict of Interest Act, Bright Lines Project legislative proposal, fintech
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $60,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE, Treasury, Dept of
2016 · third_quarter · Financial Institutions/Investments/Securities
S 1779-Financial Services Conflict of Interest Act, S 2738/HR 4809-Political Intelligence Transparency Act, Political disclosure rule,
Client expense: $60,000 · Firm income: Not reported
Government targets: Director of National Intelligence (ODNI), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Justice, Dept of (DOJ), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of Special Counsel, Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office
2016 · second_quarter · Financial Institutions/Investments/Securities
S 1779-Financial Services conflict of interest act, S 2738/HR 4809-Political Intelligence Transparency Act, HR 5053-IRS donor disclosure,
Client expense: $60,000 · Firm income: Not reported
Government targets: Consumer Product Safety Commission (CPSC), Education, Dept of, Environmental Protection Agency (EPA), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Occupational Safety & Health Administration (OSHA), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office
2016 · first_quarter · Government Issues
HR 3065/S 1779-Financial services conflict of interest act, HR 4177-stop foreign donations affecting our elections act, political intelligence legislation, S 1176-Presidential public Financing, S 1838-Super PAC coordination, revolving door ethics rules, EO #13490, Democracy awakening, Executive order on political disclosure, Supreme court vacancy, SEC rule requiring political disclosure, FOIA reform bills-S 337/HR 653, White House Open Government Partnership National Action Plan (OGP/NAP).
Client expense: $60,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Consumer Product Safety Commission (CPSC), Education, Dept of, Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2016 · first_quarter · Financial Institutions/Investments/Securities
Financial Services conflict of interest Act- HR 3065/S 1779, Political Intelligence Transparency Act-HR 4809/S 2738,
Client expense: $60,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Consumer Product Safety Commission (CPSC), Education, Dept of, Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2015 · fourth_quarter · Financial Institutions/Investments/Securities
S 1779/HR 3065-Financial services conflict of interest act,
Client expense: $50,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Federal Deposit Insurance Corporation (FDIC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office
2015 · fourth_quarter · Government Issues
House ethics rules, House Adm. Committee Res. 114, S 1779/HR 3065-Financial services conflict of interest act,congressional travel rules, Members representational allowance, Congressional riders in appropriations, Fair and Clean Transparency Act, on-line disclosure of FCC records, Omnibus appropriations bill, Political intelligence legislation, HR 2029/S 2129-appropriations bill, SEC political disclosure rule, campaign finance reform, DOJ grant transparency, S 337/HR 653-FOIA reform,
Client expense: $50,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Federal Deposit Insurance Corporation (FDIC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office
2015 · fourth_quarter · Government Issues
Supported the Government By the People Act (H.R. 20), providing for a voluntary system of financing congressional elections using a mix of small private donations and federal funds and establishing a refundable tax credit to encourage grassroots campaign donations. Supported the Empowering Citizens Act (H.R. 424), providing a repair of the presidential public financing system, creating a similar public financing system for congressional races, strengthening rules prohibiting coordinated spending by outside groups and ending individual candidate-specific independent-expenditure only committees (individual candidate 'Super PACs'). Supported the Fair Elections Now Act (S. 1538) to establish a voluntary system of public financing for Senate elections. Supported the Democracy for All proposed constitutional amendment (S.J. Res 5, H.J. Res. 22) that would permit Congress and the states to set reasonable limits on the raising and spending of money to influence elections. Supported the DISCLOSE Act (H.R. 430, S. 229) to require disclosure of funds used by corporations, labor organizations, Super PACs and other entities influencing elections with independent expenditures and electioneering communications. Supported the Democracy Restoration Act (H.R. 1459, S. 772) to restore voting rights in federal elections for people who are out of prison and living in their communities. Supported efforts to establish independent redistricting commissions. Supported the Redistricting Reform Act of 2015 (H.R. 2173) to require states to establish independent, multi-party citizen redistricting commissions for purposes of drawing district lines. Supported the EMPOWER Act (H.R. 2143, S. 1176) to establish a small donor, public matching funds system for presidential candidates to use in presidential primary and general election races. Supported the Stop Super PAC-Candidate Coordination Act (H.R 425, S. 1838) to strengthen coordination rules between federal candidates and independent-expenditure only committees and prevent circumvention of anti-corruption contribution limits. Urged the President of the United States to sign an executive order requiring government contractors to disclose their political spending. Supported the Financial Services Conflict of Interest Act (H.R. 3065, S. 1779) 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. Opposed efforts to use the budget process to insert campaign finance riders that would lift limits on spending by political parties coordinated with candidates. Opposed riders in the budget process to prohibit the Securities & Exchange Commission from issuing rules requiring public companies to disclose political spending to shareholders. Opposed riders in the budget process to prohibit the Internal Revenue Service from issuing new rules defining candidate-related political activity for social welfare organizations and other nonprofit organizations engaged in more than an insubstantial amount of candidate-related political activity. Opposed policy riders in the appropriations process in general. Supported the REGISTER Act (S. 1970) to establish a system for automatic voter registration in federal elections. Supported the Presidential Library Donation Reform Act (H.R. 1069, S. 558) to require fundraising organizations to submit quarterly reports on entities that have contributed above a certain threshold towards a presidential library, and require that the National Archives and Records Administration make the reports available to the public. Urged the Internal Revenue Service and Department of Treasury to adopt regulations that would prohibit 501(c)(4) social welfare organizations from spending more than an insubstantial amount of money on candidate-related political activity and to make the regulations consistent with the Internal Revenue Code, which require social welfare organizations to be engaged exclusively in social welfare activities. Supported the Voting Rights Advancement Act (H.R. 2867, S. 1659), to restore the protections of the Voting Rights Act against racial discrimination in voting and to establish a new preclearance formula. Urged Members of the House of Representatives and their staff to suspend privately-financed, foreign congressional travel and to create new rules to ensure better transparency and guard against conflicts-of-interest. Urged the Committee on House Administration to adopt new rules making clear that expenditures from Members' Representation Allowances (MRA) are subject to review and approval by the Committee, and to allow MRA budgets to be periodically audited. Urged President Obama to take action to require all public assistance agencies - including Health Benefit Exchanges - to provide opportunities for potential voters to register to vote, in accordance with the National Voter Registration Act. Supported the Real Time Transparency Act (H.R. 3854, S. 2212) to require 48-hour disclosure of campaign contributions of $1,000 or more to candidates, committees, and political parties.
2015 · fourth_quarter · Financial Institutions/Investments/Securities
S 1779/HR 3065-Financial services conflict of interest act,
Client expense: $50,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Federal Deposit Insurance Corporation (FDIC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office
2015 · fourth_quarter · Government Issues
House ethics rules, House Adm. Committee Res. 114, S 1779/HR 3065-Financial services conflict of interest act,congressional travel rules, Members representational allowance, Congressional riders in appropriations, Fair and Clean Transparency Act, on-line disclosure of FCC records, Omnibus appropriations bill, Political intelligence legislation, HR 2029/S 2129-appropriations bill, SEC political disclosure rule, campaign finance reform, DOJ grant transparency, S 337/HR 653-FOIA reform,
Client expense: $50,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Environmental Protection Agency (EPA), Federal Deposit Insurance Corporation (FDIC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office
2015 · third_quarter · Financial Institutions/Investments/Securities
URGED SENATE TO SUPPORT LEGISLATION TO SLOW THE REVOLVING DOOR AT FINANCIAL REGULATORY AGENCIES (S. 1779).
Client expense: Not reported · Firm income: Not reported
Government targets: Defense, Dept of (DOD), HOUSE OF REPRESENTATIVES, SENATE
2015 · third_quarter · Financial Institutions/Investments/Securities
S. 1709/HR 3054, "21st Century Glass Steagall Act" "The Consumer Reporting in Bankruptcy Act of 2015" HR 3189, The Federal Reserve Reform Act of 2015 FY2016 Financial Services and General Government Appropriations bill H.R. 766, the Financial Institution Consumer Protection Act of 2015 H.R. 1210, the Portfolio Lending and Mortgage Access Act HR 1317 H.R. 1737, the Reforming CFPB Indirect Auto Financing Guidance Act, H.R. 1941, the Financial Institutions Examination Fairness and Reform Act, H.R. 3189, the Federal Reserve Reform Act, H.R. 3192, the Homebuyers Assistance Act, HR 1090 Retail Investor Protection Act, HR 1266 Financial Product Safety Commission Act of 2015. HR 957, Bureau of Consumer Financial Protection-Inspector General Reform Act of 2015 HR 414, Burdensome Data Collection Relief Act H.R. 3065/ S.1779 "Financial Services Conflict of Interest Act" S. 1484 "Financial Regulatory Improvement Act" S. 1981, "The Equal Employment for All Act"
Client expense: $384,618 · Firm income: Not reported
2015 · third_quarter · Government Issues
Supported the Government By the People Act (H.R. 20), providing for a voluntary system of financing congressional elections using a mix of small private donations and federal funds and establishing a refundable tax credit to encourage grassroots campaign donations. Supported the Empowering Citizens Act (H.R. 424), providing a repair of the presidential public financing system, creating a similar public financing system for congressional races, strengthening rules prohibiting coordinated spending by outside groups and ending individual candidate-specific independent-expenditure only committees (individual candidate 'Super PACs'). Supported the Fair Elections Now Act (S. 1538) to establish a voluntary system of public financing for Senate elections. Supported the Democracy for All proposed constitutional amendment (S.J. Res 5, H.J. Res. 22) that would permit Congress and the states to set reasonable limits on the raising and spending of money to influence elections. Supported the DISCLOSE Act (H.R. 430, S. 229) to require disclosure of funds used by corporations, labor organizations, Super PACs and other entities influencing elections with independent expenditures and electioneering communications. Supported the Democracy Restoration Act (H.R. 1459, S. 772) to restore voting rights in federal elections for people who are out of prison and living in their communities. Supported efforts to establish independent redistricting commissions. Supported the Redistricting Reform Act of 2015 (H.R. 2173) to require states to establish independent, multi-party citizen redistricting commissions for purposes of drawing district lines. Supported the EMPOWER Act (H.R. 2143, S. 1176) to establish a small donor, public matching funds system for presidential candidates to use in presidential primary and general election races. Supported the Stop Super PAC-Candidate Coordination Act (H.R 425, S. 1838) to strengthen coordination rules between federal candidates and independent-expenditure only committees and prevent circumvention of anti-corruption contribution limits. Urged the President of the United States to sign an executive order requiring government contractors to disclose their political spending. Supported the Financial Services Conflict of Interest Act (H.R. 3065, S. 1779) 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. Opposed efforts to use the budget process to insert campaign finance riders that would lift limits on spending by political parties coordinated with candidates and opposed policy riders in the appropriations process in general. Supported the REGISTER Act (S. 1970) to establish a system for automatic voter registration in federal elections. Urged Congress to adopt policies in Fast Track bills that would preserve transparency in trade negotiations concerning the Trans Pacific Partnership. Urged the White House to ensure that federally-facilitated health exchanges provide voter registration opportunities consistent with the National Voter Registration Act. Supported the Presidential Library Donation Reform Act (H.R. 1069, S. 558) to require fundraising organizations to submit quarterly reports on entities that have contributed above a certain threshold towards a presidential library, and require that the National Archives and Records Administration make the reports available to the public. Urged the I.R.S. to adopt regulations that would prohibit 501(c)(4) social welfare organizations from spending more than an insubstantial amount of money on candidate-related political activity and to make the regulations consistent with the Internal Revenue Code, which require social welfare organizations to be engaged exclusively in social welfare activities. Supported the Voting Rights Advancement Act (H.R. 2867, S. 1659), to restore the protections of the Voting Rights Act against racial discrimination in voting and to establish a new preclearance formula.
2015 · third_quarter · Government Issues
Financial services conflict of interest act-S 1779, HR 3065, SEC political disclosure rule, Executive order on contractor disclosure, FOIA reform-S 337, Open government National action Plan.
Client expense: $50,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Environmental Protection Agency (EPA), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Justice, Dept of (DOJ), Natl Institutes of Health (NIH), SENATE, Securities & Exchange Commission (SEC), White House Office
| Democratic |
| MA |
| Kirsten E. Gillibrand | Democratic | NY |
Client expense: $30,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of, White House Office
Government targets: Bureau of the Census, Consumer Financial Protection Bureau (CFPB), Education, Dept of, Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Transportation, Dept of (DOT), Treasury, Dept of
Client expense: $30,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, White House Office