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Ethics for Officials: Post-Government Investment Ban

New rules aim to increase transparency and prevent conflicts of interest. Former government officials who had contact with foreign entities are prohibited from investing in or holding managerial roles in funds where those entities have shares, if their decisions are based on prior conversations. This is to prevent the use of information gained in public service for private gain.
Key points
Former political appointees are prohibited from investing in or managing funds where foreign entities have shares, if their decisions stem from conversations held while working for the government.
The ban applies for 4 years from the last contact with a foreign entity regarding potential business dealings or investments.
The goal is to prevent the use of confidential information and influence gained in public service for personal benefit after leaving government.
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Expired
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Additional Information
Print number: 117_HR_9573
Sponsor: Rep. Beyer, Donald S., Jr. [D-VA-8]
Process start date: 2022-12-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

JARED Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9573.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-15.

What are the main provisions?

Key points include:

  • Former political appointees are prohibited from investing in or managing funds where foreign entities have shares, if their decisions stem from conversations held while working for the government.
  • The ban applies for 4 years from the last contact with a foreign entity regarding potential business dealings or investments.
  • The goal is to prevent the use of confidential information and influence gained in public service for personal benefit after leaving government.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Beyer, Donald S., Jr. [D-VA-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Judiciary.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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