To amend section 207 of title 18, United States Code, to prohibit former political appointees from investing in or serving in a managerial role in an investment fund in which a foreign principal owns shares within a certain time period if such investment or managerial role is based on conversations between such appointee and such foreign principal while such appointee was employed by the Federal Government, and for other purposes.
Jumpstarting Accountability Relating to Ethical Disclosures Act or the JARED Act
This bill prohibits former political appointees from investing in a company in which a foreign principal has also invested within four years of initially communicating about the investment when the appointee was still a federal employee.
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