The Retired Officers Conflict of Interest Act of 2023 strengthens restrictions on military officers and service members accepting jobs and payments from foreign governments. The bill applies to retired military members and reservists, requiring them to obtain approval from the Defense and State Departments before accepting foreign government employment, and bars active-duty service members from even negotiating such positions. Retired officers with access to classified information face a 30-month waiting period before seeking foreign employment, though an exception applies for employment with the United Kingdom, Canada, Australia, or New Zealand. Violators face civil penalties of up to $100,000 or the amount of compensation received, plus potential bans from federal employment and classified information access for up to five years. The bill also requires the Defense Department to create a public database of all approved foreign employment within one year and mandates that the Comptroller General review the effectiveness of these restrictions within two years.
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