15 USC 9054 - Conflicts of interest

U.S Code last checked for updates: Jun 08, 2024

§ 9054.

Conflicts of interest

(a)

Definitions

In this section:

(1)

Controlling interest

(2)

Covered entity

(3)

Covered individual

The term “covered individual” means—

(A)

the President, the Vice President, the head of an Executive department, or a Member of Congress; and

(B)

the spouse, child, son-in-law, or daughter-in-law, as determined under applicable common law, of an individual described in subparagraph (A).

(4)

Executive department

(5)

Member of Congress

(6)

Equity interest

The term “equity interest” means—

(A)

a share in an entity, without regard to whether the share is—

(i)

transferable; or

(ii)

classified as stock or anything similar;

(B)

a capital or profit interest in a limited liability company or partnership; or

(C)

a warrant or right, other than a right to convert, to purchase, sell, or subscribe to a share or interest described in subparagraph (A) or (B), respectively.

(b)

Prohibition

(c)

Requirement

(Pub. L. 116–136, div. A, title IV, § 4019, Mar. 27, 2020, 134 Stat. 485.)

cite as: 15 USC 9054