§2. Recusal of executive branch officers and employees in matters affecting financial interests of previous employers
This section revises conflict-of-interest recusal requirements under 18 U.S.C. §208(a) as follows: (1) narrows applicability to officers or employees in Executive Schedule positions (5 U.S.C. §§5312-5316), special Government employees, and Executive Office of the President officers or employees (from officers or employees of the executive branch, independent agencies, Federal Reserve banks, and the District of Columbia, including special Government employees); and (2) expands disqualifying financial interests to include organizations for which the individual served during the prior four years as an officer, director, trustee, general partner, agent, attorney, consultant, contractor, employee, or direct competitor, and organizations (other than certain political organizations under IRC §527(e)) in which the individual is an active participant. (Thus, covered personnel must recuse from matters affecting these additional entities.)