Sec. 1034. Prohibition on ownership or trading of stocks in certain companies by Department of Defense officers and employees
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An official of the Department of Defense described in paragraph
(2)may not own or trade a publicly traded stock of a company if, during the preceding calendar year, the company received more than $1,000,000,000 in revenue from the Department of Defense, including through one or more contracts with the Department. An official of the Department of Defense described in this paragraph is any current Department of Defense official described by section 847(c) of the National Defense Authorization Act for Fiscal Year 2008 ( 10 U.S.C. 1701 note). In the event that an official of the Department of Defense described in subsection
(a)knowingly fails to comply with the requirements of this subsection, the Secretary of Defense may take administrative action against the official, including suspension or termination, in accordance with the procedures otherwise applicable to administrative actions against such officials. An officer or employee of the Department of Defense may not own or trade a publicly traded stock of a company that is a contractor or subcontractor of the Department if the Office of Standards and Compliance of the Office of the General Counsel of the Department of Defense determines that the value of the stock may be directly or indirectly influenced by any official action of the officer or employee for the Department. For purposes of this section, publically-traded stock does not include a widely-held investment fund described in section 102(f)(8) of the Ethics in Government Act of 1978 (5 U.S.C. App.).
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Sec. 1034
Prohibition on ownership or trading of stocks in certain companies by Department of Defense officers and employees
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