,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #fhdd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #be1         
#bjbb,mr4 ,kim ( ,new ,j]sey introduc$ !
 foll[+ bill2 :i* 0 ref]r$ to !         
,committee on ! ,judici>y1 & 9 addition 
to ! ,committees on ,f9ancial ,s]vices1 
,agriculture1 ,ov]sight & ,re=m1 ,h\se  
,adm9i/ration1 & ,ways & ,means1 = a    
p]iod to be subsequ5tly det]m9$ by !    
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to      
prohibit ,f$]al (ficials f own+ cov]$   
inve/m5ts1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,re/or+ 
,tru/ 9 ,public ,s]vants ,act4  #b4     
,own]%ip ( cov]$ inve/m5ts  7a7 ,own]%ip
 ( cov]$ inve/m5ts  7#a7 ,conduct dur+  
,f$]al s]vice ,except z describ$ 9      
p>agraph 7#b71 no cov]$ (ficial or      
family memb] ( a ,memb] ( ,congress may 
own or trade any cov]$ inve/m5t4  7#b7  
,compliance  7,a7 ,9 g5]al ,except z    
provid$ 9 subp>agraph 7,b71 to comply ) 

! requirem5ts "u p>agraph 7#a71 a cov]$ 
(ficial or family memb] ( a ,memb] (    
,congress %all dive/ ( any cov]$        
inve/m5t prior to ! expiration ( !      
applicable compliance p]iod4  7,b7      
,applicable compliance p]iod ,9 ?is     
subsection1 ! t]m applicable compliance 
p]iod means-- 7i7 ) respect to a cov]$  
inve/m5t held by a cov]$ (ficial or     
family memb] ( a ,memb] ( ,congress on !
 date ( ! enactm5t ( ?is ,act1 !        
#ij-;day p]iod :i* beg9s on ! date ( !  
enactm5t ( ?is ,act2  7ii7 ) respect to 
a cov]$ inve/m5t held by an individual  
on ! date on :i* ! individual becomes a 
cov]$ (ficial or becomes a family memb] 
( a ,memb] ( ,congress aft] ! date ( !  
enactm5t ( ?is ,act1 ! #ij-;day p]iod   
:i* beg9s on ! date on :i* ! individual 
becomes a cov]$ (ficial or becomes a    
family memb] ( a ,memb] ( ,congress2 &  
7iii7 ) respect to a cov]$ inve/m5t :i* 
is fir/ held by a cov]$ (ficial or a    
family memb] ( a ,memb] ( ,congress aft]
 ! la/ day ( ei!r ( ! p]iods describ$ 9 

clauses 7i7 or 7ii71 ! #ij-;day p]iod   
:i* beg9s on ! date on :i* su* inve/m5t 
0 fir/ held by su* (ficial or family    
memb]4  7b7 ,p5alties  7#a7 ,9 g5]al    
,except z provid$ 9 p>agraph 7#b71 a    
cov]$ (ficial 9 violation ( ?is section1
 z det]m9$ by ! sup]vis+ e?ics (fice1   
%all pay a p5alty 9 an am\nt equal to ! 
fee set =? "u section #ajd7;d77#a7 ( !  
,e?ics 9 ,gov]nm5t ,act ( #aigh 7#e     
,u4,s4,c4 ,app4 #ajd7;d77#a77 = ea* su* 
violation4  7#b7 ,exception  7,a7       
,p5alty ,an individual describ$ 9       
subp>agraph 7,c7 :o dur+ any mon? is 9  
violation ( ?is section ) respect to a  
cov]$ inve/m5t1 z det]m9$ by ! sup]vis+ 
e?ics (fice1 %all pay a p5alty 9 an     
am\nt equal to-- 7i7 9 ! case ( an      
individual :o is a cov]$ (ficial1 !     
sal>y ( su* (ficial = t mon?2 or  7ii7 9
 ! case ( an individual :o is a family  
memb] ( a ,memb] ( ,congress1 ! sal>y ( 
! ,memb] ( ,congress = t mon?4  7,b7    
,am\nt det]m9$ )\t reg>d to numb] (     
violations ,! am\nt ( ! p5alty impos$ "u

 subp>agraph 7,a7 %all apply to an      
individual )\t reg>d to ! numb] ( cov]$ 
inve/m5ts ) respect to :i* ! individual 
is 9 violation dur+ ! mon? 9 :i* !      
p5alty is impos$4  7,c7 ,individuals    
describ$ ,! individuals describ$ 9 ?is  
p>agraph are ! foll[+3 7i7 ,a ,memb] (  
,congress or a family memb] ( a ,memb] (
 ,congress4  7ii7 ,! ,presid5t4  7iii7  
,! ,vice-,presid5t4  7iv7 ,a political  
appo9tee :o 0 appo9t$ to su* position by
 ! ,presid5t1 by & ) ! advice & cons5t (
 ! ,s5ate4  7v7 ,a judicial (fic]4  7c7 
,publication ,= ea* individual 9        
violation ( ?is section z det]m9$ by !  
sup]vis+ e?ics (fice1 su* (fice %all    
make available a li/1 on a publicly     
accessible website ( su* (fice1 detail+ 
! names1 occupation1 & (fice ( employm5t
 = ea* su* individual1 or 9 ! case ( a  
family memb] ( a ,memb] ( ,congress1 !  
"n ( su* family memb] & ( su* ,memb] (  
,congress4  7d7 ,application (          
c]tificate ( dive/iture program ,=      
purposes ( section #ajdc ( ! ,int]nal   

,rev5ue ,code ( #aihf-- 7#a7 any p]son  
requir$ to dispose ( any prop]ty by     
reason ( ?is section %all be treat$ z an
 eligible p]son2  7#b7 ?is section %all 
be treat$ z a ,f$]al conflict ( int]e/  
/atute2 &  7#c7 9 ! case ( an individual
 describ$ 9 subsection 7e77#b77;,a71 !  
requirem5t ( section #ajdc7;b77#b77;,b7 
( su* ,code %all be treat$ z satisfi$ ) 
respect to any writt5 det]m9ation if su*
 det]m9ation is issu$ by ! sup]vis+     
e?ics (fice4  7e7 ,def9itions ,9 ?is    
section3 7#a7 ,cov]$ inve/m5t  7,a7 ,9  
g5]al ,! t]m cov]$ inve/m5t means-- 7i7 
an inve/m5t 9 a security1 a commodity1  
or a future2 &  7ii7 any economic int]e/
 comp>able to an int]e/ describ$ 9      
clause 7i7 t is acquir$ ?r\gh syn!tic   
means1 su* z ! use ( a d]ivative1       
includ+ an option1 w>rant1 or o!r1      
simil> means4  7,b7 ,inclusions ,! t]m  
cov]$ inve/m5t includes an inve/m5t or  
economic int]e/ describ$ 9 subp>agraph  
7,a7 t is held directly1 or 9 :i* an    
individual has an indirect1 b5eficial1  

or economic int]e/1 ?r\gh-- 7i7 an      
inve/m5t fund2  7ii7 a tru/2  7iii7 an  
employee b5efit plan2 or  7iv7 a def]r$ 
comp5sation plan1 includ+ a c>ri$ int]e/
 or o!r agreem5t ti$ to ! p]=mance ( an 
inve/m5t1 o!r ?an a fix$ ca% paym5t4    
7,c7 ,exclusions ,! t]m cov]$ inve/m5t  
does n include-- 7i7 a div]sifi$ mutual 
fund 7includ+ any hold+s ( su* a fund72 
7ii7 a div]sifi$ ex*ange-trad$ fund     
7includ+ any hold+s ( su* a fund72      
7iii7 a ,unit$ ,/ates ,treasury bill1   
note1 or bond2  7iv7 comp5sation f !    
prim>y occupation ( a sp\se or dep5d5t (
 a ,memb] ( ,congress2 or  7v7 any      
inve/m5t fund held 9 a ,f$]al1 ,/ate1 or
 local gov]nm5t employee retirem5t plan4
  7,d7 ,cl>ification ,an inve/m5t t     
a*ieves compliance ) applicable         
environm5tal1 social1 & gov]nance       
crit]ia %all n be consid]$ to be a cov]$
 inve/m5t solely by reason ( t          
compliance4  7#b7 ,cov]$ (ficial ,! t]m 
cov]$ (ficial means ! foll[+3 7,a7 ,9 ! 
legislative bran*1 a ,memb] ( ,congress 

& ea* ( ! foll[+ 7o!r ?an an employee :o
 is consid]$ an int]n or a fell[ =      
purposes ( any law or regulation        
e/abli%+ a limit on ! numb] ( employees 
( an (fice ( ! ,h\se ( ,repres5tatives  
or ,s5ate73 7i7 ,an employee ( a ,memb] 
( ! ,h\se ( ,repres5tatives 7z describ$ 
9 section #bjg7;e77#i77;,e7 ( title #ah1
 ,unit$ ,/ates ,code74  7ii7 ,an        
employee ( a ,s5ator 7z describ$ 9      
section #bjg7;e77#i77;,f7 ( title #ah1  
,unit$ ,/ates ,code74  7iii7 ,an        
employee ( a committee ( ,congress 7z   
def9$ 9 section #bjg7;e77#i77;,a7 (     
title #ah1 ,unit$ ,/ates ,code74  7iv7  
,an employee on ! lead]%ip /aff ( !     
,h\se ( ,repres5tatives 7z def9$ 9      
section #bjg7;e77#i77;,h7 ( title #ah1  
,unit$ ,/ates ,code74  7v7 ,an employee 
on ! lead]%ip /aff ( ! ,s5ate 7z def9$ 9
 section #bjg7;e77#i77;,i7 ( title #ah1 
,unit$ ,/ates ,code74  7,b7 ,9 !        
executive bran*-- 7i7 ! ,presid5t2  7ii7
 ! ,vice-,presid5t2  7iii7 a political  
appo9tee2 or  7iv7 any (fic] or employee

 ( ! executive bran* :o is-- 7,i7 n a   
political appo9tee2 &  7,,ii7 occupies a
 position describ$ "u p>agraphs 7#c7    
?r\gh 7#h7 ( section #aja7;f7 ( ! ,e?ics
 9 ,gov]nm5t ,act ( #aigh4 7#e ,u4,s4,c4
 ,app4 #aja74  7,c7 ,a judicial (fic]4  
7#c7 ,executive bran* ,! t]m executive  
bran* has ! mean+ giv5 su* t]m def9$ 9  
section #aji ( ! ,e?ics 9 ,gov]nm5t ,act
 ( #aigh 7#e ,u4,s4,c4 ,app4 #aji74     
7#d7 ,family memb] ,! t]m family memb]  
means a sp\se or a dep5d5t *ild z def9$ 
9 section #aji ( ! ,e?ics 9 ,gov]nm5t   
,act ( #aigh 7#e ,u4,s4,c4 ,app4 #aji74 
7#e7 ,judicial (fic] ,! t]m judicial    
(fic]-- 7,a7 has ! mean+ giv5 su* t]m 9 
section #aji ( ! ,e?ics 9 ,gov]nm5t ,act
 ( #aigh 7#e ,u4,s4,c4 ,app4 #aji72 &   
7,b7 includes bankruptcy judges &       
magi/rate judges4  7#f7 ,memb] (        
,congress ,! t]m ,memb] ( ,congress has 
! mean+ giv5 su* t]m def9$ 9 section    
#aji ( ! ,e?ics 9 ,gov]nm5t ,act ( #aigh
 7#e ,u4,s4,c4 ,app4 #aji74  7#g7       
,political appo9tee ,! t]m political    

appo9tee means any individual occupy+ a 
position 9 ! executive bran* (          
,gov]nm5t-- 7,a7 :o 0 appo9t$ to su*    
position by ! ,presid5t1 by & ) ! advice
 & cons5t ( ! ,s5ate2  7,b7 describ$ "u 
sections #ecab ?r\gh #ecaf ( title #e1  
,unit$ ,/ates ,code 7relat+ to !        
,executive ,s*$ule72  7,c7 z a nonc>e]  
appo9tm5t 9 ! ,s5ior ,executive ,s]vice1
 z def9$ "u p>agraph 7#g7 ( section     
#cacb7;a7 ( su* title2 or  7,d7 t is ( a
 confid5tial or policy-det]m9+ "* "u    
s*$ule ,c ( subp>t ,c ( "p #bac ( title 
#e1 ,code ( ,f$]al ,regulations1 or any 
o!r position t is except$ f !           
competitive s]vice because ( its        
confid5tial policy-det]m9+1 policy-mak+ 
or policy-advocat+ "*4  7#h7 ,sup]vis+  
e?ics (fice ,! t]m sup]vis+ e?ics (fice 
means any ( ! foll[+3 7,a7 ,9 ! case (  
an individual describ$ 9 p>agraph       
7#b77;,a7-- 7i7 ! ,select ,committee on 
,e?ics ( ! ,s5ate2 or  7ii7 ! ,committee
 on ,e?ics ( ! ,h\se ( ,repres5tatives4 
7,b7 ,9 ! case ( an individual describ$ 

9 p>agraph 7#b77;,b71 ! ,(fice (        
,gov]nm5t ,e?ics4  7,c7 ,9 ! case ( a   
judicial (fic]1 ! ,judicial ,conf]5ce4  
#c4 ,ban on all outside e>n$ income &   
all s]vice on bo>ds by ,memb]s (        
,congress  7a7 ,outside e>n$ income     
7#a7 ,9 g5]al ,section #eja7;a77#a7 ( ! 
,e?ics 9 ,gov]nm5t ,act ( #aigh 7#e     
,u4,s4,c4 ,app4 #eja7;a77#a77 is am5d$  
by /rik+ outside e>n$ income            
attributable to su* cal5d> ye> :i*      
exce$s #ae p]c5t & ins]t+ any outside   
e>n$ income attributable to su* cal5d>  
ye>1 except t su* an (fic] or employee  
may h outside e>n$ income attributable  
to su* cal5d> ye> :i* does n exce$ #ae  
p]c5t4  7#b7 ,individuals becom+ ,memb]s
 dur+ cal5d> ye> ,section #eja7;a77#b7 (
 su* ,act 7#e ,u4,s4,c4 ,app4           
#eja7;a77#b77 is am5d$-- 7,a7 by /rik+  
outside e>n$ income attributable to !   
portion ( t cal5d> ye> :i* occurs aft]  
su* individual becomes a ,memb] or su*  
an (fic] or employee :i* exce$s #ae     
p]c5t & ins]t+ any outside e>n$ income  

attributable to ! portion ( t cal5d> ye>
 :i* occurs aft] su* individual becomes 
a ,memb] or su* an (fic] or employee1   
except t su* an (fic] or employee may h 
outside e>n$ income attributable to su* 
portion ( t cal5d> ye> :i* does n exce$ 
#ae p]c5t2 &  7,b7 by /rik+ su*         
individual is a ,memb] or su* (fic] or  
employee & ins]t+ su* individual is su* 
an (fic] or employee4  7#c7 ,pres]v+    
au?ority ( (fic]s & employees (         
,congress to e>n comp5sation f practic+ 
m$ic9e ,section #ejb7;a7 ( su* ,act 7#e 
,u4,s4,c4 ,app4 #ejb7;a77 is am5d$ by   
/rik+ fiduci>y relation%ip ea* place x  
appe>s 9 p>agraphs 7#a7 & 7#c7 & ins]t+ 
fiduci>y relation%ip1 except t su* an   
(fic] or employee ( ! ,h\se (           
,repres5tatives or ,s5ate may receive   
su* comp5sation if ! fiduci>y           
relation%ip involves ! practice (       
m$ic9e4  7#d7 ,application ( ban to     
income e>n$ f tea*+ ,section            
#ejb7;a77#e7 ( su* ,act 7#e ,u4,s4,c4   
,app4 #ejb7;a77#e77 is am5d$ by /rik+   

)\t ! prior notification & ins]t+ except
 t su* an (fic] or employee may receive 
comp5sation = tea*+ ) ! prior           
notification4  7#e7 ,def9ition ,section 
#eje ( su* ,act 7#e ,u4,s4,c4 ,app4     
#eje7 is am5d$ by add+ at ! end !       
foll[+3  7#f7 ,! t]m outside e>n$       
income1 ) respect to a ,memb] (         
,congress1 has ! mean+ giv5 su* t]m 9   
clause #d7;d7 ( rule ,,xxv ( ! ,rules ( 
! ,h\se ( ,repres5tatives = ! ,"o       
,hundr$ ,sev5te5? ,congress1 except t   
p>agraph 7d77#a77;,d7 ( su* clause %all 
n apply4 ,su* t]m %all apply ) respect  
to a ,s5ator 9 ! same mann] z su* t]m   
applies to a ,memb] ( ! ,h\se (         
,repres5tatives "u su* clause4  4  7b7  
,s]vice on bo>ds ,section #ejb7;a77#d7 (
 su* ,act 7#e ,u4,s4,c4 ,app4           
#ejb7;a77#d77 is am5d$ to read z foll[s3
  7#d7 s]ve z an (fic] or memb] ( ! bo>d
 ( any association1 corporation1 or o!r 
entity1 except t-- 7,a7 a ,memb] & su*  
an (fic] or employee may s]ve )\t       
comp5sation z an (fic] or memb] ( ! bo>d

 ( any nonpr(it association1 nonpr(it   
corporation1 or o!r nonpr(it entity1 &  
7,b7 su* an (fic] or employee may s]ve  
)\t comp5sation z an (fic] or memb] (   
any o!r association1 corporation or o!r 
entity2 or  4  #d4 ,lifetime lobby+ ban 
7a7 ,9 g5]al ,section #bjg7;e7 ( title  
#ah1 ,unit$ ,/ates ,code1 is am5d$ z    
foll[s3 7#a7 ,p>agraph 7#a7 is am5d$ to 
read z foll[s3  7#a7 ,memb]s ( congress 
7,a7 ,9 g5]al ,any p]son :o is a ,s5ator
 or a ,memb] ( ! ,h\se ( ,repres5tatives
 & :o1 aft] t p]son leaves (fice1 kn[+ly
 makes any lobby+ contacts to1 or       
engages 9 lobby+ activities )1 a cov]$  
executive bran* (ficial1 or to any      
,memb]1 (fic]1 or employee ( ei!r ,h\se 
( ,congress1 %all be puni%$ z provid$ 9 
section #baf ( ?is title4  7,b7         
,def9itions ,9 ?is p>agraph3 7i7 ,! t]ms
 lobby+ activities1 & cov]$ executive   
bran* (ficial h ! mean+s giv5 ^? t]ms 9 
section #c ( ! ,lobby+ ,disclosure ,act 
( #aiie 7#b ,u4,s4,c4 #afjb74  7ii7 ,!  
t]m lobby+ contact has ! mean+ giv5 su* 

t]m 9 section #c7h7 ( ! ,lobby+         
,disclosure ,act ( #aiie 7#b ,u4,s4,c4  
#afjb7h77 except t subp>agraph 7,b77iv7 
( su* p>agraph %all n apply4  4  7#b7   
,p>agraph 7#b7 is am5d$-- 7,a7 by /rik+ 
7#b7 ,any p]son & ins]t+ ! foll[+3  7#b7
 ,(fic]s & c]ta9 /aff  7,a7 ,(fic]s &   
/aff ( ! s5ate ,any p]son  2 &  7,b7 by 
add+ at ! end ! foll[+3  7,b7 ,(fic]s ( 
! h\se ( repres5tatives  7i7 ,any p]son 
:o is an elect$ (fic] ( ! ,h\se (       
,repres5tatives & :o1 )9 #a ye> aft] t  
p]son leaves (fice1 kn[+ly makes1 ) !   
int5t to influ5ce1 any communication to 
or appe>ance be=e any ( ! p]sons        
describ$ 9 clause 7ii71 on behalf ( any 
o!r p]son 7except ! ,unit$ ,/ates7 9    
connection ) any matt] on :i* su* elect$
 (fic] seeks action by a ,memb]1 (fic]1 
or employee ( ei!r ,h\se ( ,congress1 9 
8 or h] (ficial capacity1 %all be puni%$
 z provid$ 9 section #baf ( ?is title4  
7ii7 ,! p]sons ref]r$ to 9 clause 7i7 ) 
respect to appe>ances or communications 
by a =m] elect$ (fic] are any ,memb]1   

(fic]1 or employee ( ! ,h\se (          
,repres5tatives4  4  7b7 ,re/rictions   
relat+ to =eign entities ,section       
#bjg7;f7 ( title #ah1 ,unit$ ,/ates     
,code1 is am5d$-- 7#a7 9 p>agraph 7#a71 
by /rik+ ,any p]son & ins]t+ ,except z  
provid$ 9 p>agraph 7#b71 any p]son2     
7#b7 by r$esignat+ p>agraphs 7#b7 & 7#c7
 z p>agraphs 7#c7 & 7#d71 respectively2 
7#c7 by add+ aft] p>agraph 7#a7 ! foll[+
 new p>agraph3  7#b7 ,memb] ( ,congress 
,) respect to ! re/rictions "u p>agraph 
7#a71 any p]son :o is a ,memb] (        
,congress may n engage 9 any ( !        
activities "u su* p>agraph at any "t    
aft] leav+ (fice4  2 &  7#d7 9 p>agraph 
7#d71 z r$esignat$ by p>agraph 7#b7--   
7,a7 by /rik+ means & ins]t+ means--2   
7,b7 by /rik+ ! gov]nm5t & ins]t+ 7,a7 !
 gov]nm5t2  7,c7 by /rik+ ! p]iod &     
ins]t+ 2 or2 &  7,d7 by add+ at ! end ! 
foll[+3  7,b7 9 ! case ( a ,memb] (     
,congress1 any =eign pr9cipal z def9$ 9 
section #a7;b7 ( ! ,=eign ,ag5ts        
,regi/ration ,act ( #aich1 z am5d$ 7#bb 

,u4,s4,c4 #faa7;b774  4  7c7 ,effective 
date ,! am5dm5ts made by subsection 7a7 
%all apply to individuals :o leave (fice
 or employm5t to :i* su* am5dm5ts apply 
on or aft] ! date ( comm5cem5t ( ! fir/ 
session ( ! ,"o ,hundr$ ,eighte5?       
,congress s9e die or ,janu>y #c1 #bjbc1 
:i*ev] date is e>li]4