Defense Ethics Act: Stopping the Revolving Door and Increasing Contractor Transparency.
This Act significantly tightens ethics rules and transparency within the Department of Defense (DoD) by extending the cooling-off period for senior officials moving to defense contractors to four years. It mandates public disclosure by large contractors regarding former DoD hires and lobbying activities. Citizens benefit from reduced corruption risks, greater accountability in defense spending, and increased public access to contract performance data.
Key points
Extends the ban on former senior DoD officials and contracting personnel working for defense contractors or lobbying the DoD from two to four years.
Prohibits DoD employees from owning or trading stocks in companies receiving over $100 million in DoD revenue annually.
Requires large defense contractors to publicly disclose audited financials, salaries over $250,000, and all federal political spending, including lobbying.
Imposes a permanent restriction on senior national security officials advising foreign entities for compensation if they benefit from government knowledge.
Status:
Expired
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