Summary

Requires special Government employees who are owners, controlling shareholders, or chief executive officers of companies that contract with the federal government to file the same public financial disclosure reports that other senior federal officials file. Those reports must be transmitted to and certified by the Director of the Office of Government Ethics, and the affected employees may not perform any official duties related to their federal role until the Director certifies their initial report as compliant.

• Applies public financial disclosure rules to certain special Government employees who own or lead companies that contract with the federal government.
• Requires submission of disclosure reports to the Office of Government Ethics for review and certification.
• Prohibits covered special Government employees from performing official duties until their initial report is certified as compliant by OGE.
• Targets owners, controlling shareholders, and chief executive officers among special Government employees.
• Introduces additional administrative steps for agencies, the Office of Government Ethics, and affected contractors.
• Aims to reduce conflicts of interest by increasing transparency for special Government employees linked to contractor companies.
• Does not authorize spending, change tax law, or create emergency funding.