S. 1620

119th CONGRESS 1st Session

To amend of title 5, United States Code, with respect to prohibited financial transactions, and for other purposes.

IN THE SENATE OF THE UNITED STATES · May 6, 2025 · Sponsor: Mr. Murphy · Committee: Committee on Homeland Security and Governmental Affairs

SUBCHAPTER IV—Financial exploitation by public office holders

Table of contents

• S. 1620
  • SUBCHAPTER IV—Financial exploitation by public office holders
  • 13151. Definitions.
  • 13152. Prohibition on certain transactions.
  • 13153. Civil penalties.

13151. Definitions.

In this subchapter:

• The term means— adjacent individual
• The term means— covered asset
• The term means— covered individual
• The term has the meaning given the term in section 13101. dependent child
• The term means the issuance, sponsorship, or promotion of a covered asset for pecuniary gain. prohibited financial transaction

13152. Prohibition on certain transactions.

• (a) Prohibition
  • Except as provided in subsection (b), a covered individual or an adjacent individual may not engage in or benefit from a prohibited financial transaction—
    • during the term of service of the covered individual or adjacent individual;
    • during the 180-day period ending on the date on which the service of the covered individual or adjacent individual commences; or
    • during the 180-day period beginning on the date on which the service of the covered individual or adjacent individual is terminated.
• (b) Adjacent individuals
  • With respect to adjacent individuals, nothing in this section shall be construed to limit the application of section 208 of title 18.
• (c) Liability and immunity
  • For purposes of any immunities to civil liability, any conduct comprising or relating to a prohibited financial transaction under this section shall be deemed an unofficial act and beyond the scope of the official duties of the relevant covered individual or adjacent individual.

13153. Civil penalties.

• (a) Civil action
  • The Attorney General may bring a civil action in any appropriate district court of the United States against any covered individual or adjacent individual who violates section 13152(a).
• (b) Civil penalty
  • Any covered individual or adjacent individual who knowingly violates section 13152(a) shall be subject to a civil monetary penalty of not more than $250,000.
• (c) Disgorgement
  • A covered individual or an adjacent individual who is found to have violated section 13152(a) in a civil action under subsection (a) of this section shall disgorge to the Treasury of the United States any profit from the unlawful activity that is the subject of that civil action.