The JARED Act (Justice and Accountability for Representatives Engaged in Diplomacy Act) establishes new ethics and security requirements for people who represent the federal government before foreign governments without formal employment relationships. The bill requires these individuals to obtain security clearances based on background investigations and file annual financial disclosure forms with the Office of Government Ethics, similar to requirements for federal employees. The legislation prohibits covered individuals from negotiating agreements with foreign governments that would directly benefit them financially and imposes strict penalties for violations, including removal from their role, loss of security clearance access, criminal prosecution by the Attorney General, up to one year in prison, and fines. The Office of Government Ethics must submit quarterly reports to Congress on all financial disclosures and violations. The bill's broad definition of "covered persons" extends restrictions to family members, spouses, business partners, and organizations associated with diplomats to prevent indirect financial conflicts of interest.