,,ii  #aaith ,,congress  #ast ,session  
,s4 #acfe  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #i1     
#bjbe,mrs4 ,shaheen introduced the      
following bill2 which was read twice and
 referred to the ,committee on ,homeland
 ,security and ,governmental ,affairs   
,a ,,bill  ,to prohibit the awarding of 
contracts and grants to companies       
beneficially owned by special           
,government employees1 and for other    
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,no ,federal        
,payments to ,companies ,controlled by  
,special ,government ,employees ,act of 
#bjbe4  #b4 ,prohibition on awarding of 
contracts and grants to companies       
beneficially owned by special           
,government employees  7a7 ,in general  
,an executive agency may not award a    
contract1 grant1 or cooperative         
agreement1 or make any payment related  
to a contract1 grant1 or cooperative    
agreement1 to a company of which any    
covered beneficial owner was a special  

,government employee on or after        
,january #a1 #bjbe1 unless the          
individual who is such a beneficial     
owner of such company immediately ceases
 to be a special ,government employee   
and is not a special ,government        
employee at any time during the #cfe    
days following the date of the enactment
 of this ,act4  7b7 ,definitions ,in    
this section3 7#a7 ,company ,the term   
company means any-- 7,a7 corporation1   
company1 limited liability company1     
limited partnership1 business trust1 or 
business association2 or  7,b7 entity   
that is similar to an entity described  
in subparagraph 7,a74  7#b7 ,covered    
beneficial owner ,the term covered      
beneficial owner means an individual    
who1 with respect to a company-- 7,a7 is
 a beneficial owner of the company1 as  
determined pursuant to section          
#bdj4ac;d-#c of title #ag1 ,code of     
,federal ,regulations1 as in effect on  
,december #bj1 #bjai2 and  7,b7 owns1   
directly or indirectly1 #e percent or   

more of the equity securities of the    
company4  7#c7 ,equity security ,the    
term equity security has the meaning    
given the term in section #c7;a7 of the 
,securities ,exchange ,act of #aicd 7#ae
 ,u4,s4,c4 #gh;c7a774  7#d7 ,executive  
agency ,the term executive agency has   
the meaning given the term in section   
#acc of title #da1 ,united ,states      
,code4  7#e7 ,special ,government       
employee ,the term special ,government  
employee has the meaning given the term 
in section #bjb7;a7 of title #ah1       
,united ,states ,code4