Federal · Title 40 — Public Buildings, Property, and Works

40 U.S.C. § 14309: Personal financial interests

Misdemeanor

What this law says, in plain English

Individuals serving on the Commission cannot have substantial financial interests in matters before it without prior written disclosure and approval. Violations result in fines, imprisonment up to two years, or both.

Read the full statutory text
the individual. the individual’s spouse, minor child, or partner. an organization (except a State or political subdivision of a State) in which the individual is serving as an officer, director, trustee, partner, or employee. is serving as an officer, director, trustee, partner, or employee; or is negotiating or has any arrangement concerning prospective employment. Paragraph (1) does not apply if the individual first advises the Commission of the nature and circumstances of the particular matter and makes full disclosure of the financial interest and receives in advance a written decision of the Commission that the interest is not so substantial as to be considered likely to affect the integrity of the services which the Commission may expect from the individual. An individual violating this subsection shall be fined under title 18, imprisoned for not more than two years, or both. A state member or alternate may not receive any salary, or any contribution to, or supplementation of, salary, for services on the Commission from a source other than the State of the member or alternate. An individual detailed to serve the Commission under section 14306(a)(4) of this title may not receive any salary, or any contribution to, or supplementation of, salary, for services on the Commission from a source other than the state, local, or intergovernmental department or agency from which the individual was detailed or from the Commission. An individual violating this subsection shall be fined under title 18, imprisoned for not more than one year, or both. The Federal Cochairman, the alternate to the Federal Cochairman, and any federal officer or employee detailed to duty with the Commission under section 14306(a)(3) of this title are not subject to this section but remain subject to sections 202–209 of title 18. The Commission may declare void and rescind any contract, loan, or grant of or by the Commission in relation to which it finds that there has been a violation of subsection (a)(1) or (b) of this section or any of the provisions of sections 202–209 of title 18.

Verify at the official source: Federal legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.