Employee Limits ON Profiteering Act

Summary

Stops the federal government from awarding contracts, grants, cooperative agreements, or similar federal awards to special government employees (SGEs) or closely related parties, except when the SGE serves only as a member of an advisory committee. Agencies must update the Federal Acquisition Regulation (FAR) to implement the rule within 60 days of enactment. The bill also establishes an official short title and contains no new funding or other program authorizations.

• Bars the federal government from making contracts, grants, or similar awards to special government employees (SGEs) and certain close associates.
• Covered third parties include spouses, children, general partners, and organizations where the SGE holds leadership or employment roles.
• Exception allowed when the SGE serves only as a member of an advisory committee.
• Requires the Federal Acquisition Regulation to be revised within 60 days of enactment to implement the rule.
• Contains no new funding or appropriations and does not create new federal programs.
• Relies on existing federal definitions for SGEs and advisory committees rather than creating new statutory definitions.
• Applies broadly to contracts, grants, cooperative agreements, and other transaction-like instruments.
• Could disqualify otherwise eligible vendors or grantees who are SGEs or are closely tied to SGEs.
• Focuses on preventing potential profiteering or conflicts of interest in federal awards.