H.R. 2824: Employee Limits ON Profiteering Act

This bill, known as the Employee Limits ON Profiteering Act, aims to put restrictions on federal awards given to certain individuals and entities associated with special Government employees. Below are the main points regarding what the bill proposes:

Prohibition on Federal Awards

The bill generally prohibits the Federal Government from entering into agreements or making awards to special Government employees. This includes various types of financial assistance such as contracts, grants, and cooperative agreements. The intent is to reduce potential conflicts of interest and ensure that federal funds are not being awarded to those who could profit unduly from their roles within the government.

Exceptions

There is an exception to this prohibition. Special Government employees can still serve on advisory committees and receive federal awards in connection with that role. This means individuals who are part of advisory committees are not affected by the restrictions placed on other special Government employees.

Revision of Regulations

The bill requires that within 60 days of its enactment, the Federal Acquisition Regulation (FAR) be updated to align with the provisions of this legislation. This revision is meant to implement the new rules regarding federal awards and ensure compliance across federal agencies.

Definitions

The bill includes specific definitions to clarify its terms:

• Advisory Committee: Defined as per section 1001 of title 5, United States Code.
• Covered Third Party: Refers to individuals connected to a special Government employee, such as spouses, children, or partners, as well as organizations where the employee holds a significant position, like an officer or director.
• Federal Award: Encompasses contracts, grants, cooperative agreements, or any similar type of contractual instrument used by the Federal Government.
• Special Government Employee: Defined according to section 202 of title 18, United States Code, which typically refers to certain individuals who perform work for the government but are not full-time civil servants.

Implications

The intent behind this legislation appears to be focused on preventing situations where special Government employees might exploit their positions for personal financial gain through federal awards. The legislation aims to increase transparency and integrity within governmental operations.

Relevant Companies

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