Sec. 634.
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/bill/116/hr/7617/eh/section-634A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
None of the funds appropriated or otherwise made available by this Act may be used to enter into any contract, grant, or cooperative agreement with any entity in which a covered individual directly or indirectly owns, controls, or holds not less than 20 percent, by vote or value, of the outstanding amount of any class of equity interest in an entity. For the purposes of determining whether the requirements of this subsection are met, the securities owned, controlled, or held by two or more individuals who are related as described in subsection
(c)shall be aggregated. In this section, the term “equity interest” has the meaning given such term in section 4019 of the CARES Act ( Public Law 116–136 ). In this section, the term “covered individual” means the President or Vice President or a family member (as that term is defined in section 630.201(b) of title 5, Code of Federal Regulations) of the President or Vice President.
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