SEC Revolving Door Restriction Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 19, 2015)
SEC Revolving Door Restriction Act of 2015
This bill amends the Securities Exchange Act of 1934 to subject to federal criminal penalties for bribery, graft, and conflicts of interest an ex-employee of the Securities and Exchange Commission (SEC) who, within one year after ending employment with the SEC, works for any company or individual against whom the SEC brought an enforcement action (or a related waiver) within the previous 18 months and the ex-employee participated in that action.
Any employee who seeks to work for such a company or individual must first receive an ethics opinion from the SEC on whether permission to do so should be granted.
Non-professional SEC staff are exempt from this employment prohibition.
What just happenedMar 19, 2015
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseMar 19, 2015
- Mar 19, 2015IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 19, 2015IntroReferralIntro-H
Introduced in House
- Mar 19, 2015IntroReferral1000
Introduced in House