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Code · BILL · 118th Congress · S. 2050 (Introduced in Senate) — To promote ethics and prevent corruption in Department of Defense contracting and other activities, and for other pur... · Sec. 107

Sec. 107. Prohibition on ownership or trading of stocks in certain companies by Department Of Defense officers and employees

195 words·~1 min read·/bill/118/s/2050/is/section-107

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Section 988(a) of title 10, United States Code, is amended by striking if that company is one of the 10 entities awarded the most amount of contract funds by the Department of Defense in a fiscal year during the five preceding fiscal years and inserting if, during the preceding calendar year, the company received more than $100,000,000 in revenue from the Department of Defense, including through 1 or more contracts with the Department . Section 988 of title 10, United States Code, is amended— by redesignating subsection
(c)as subsection (d); and in paragraph
(1)of subsection (d), as redesignated by paragraph
(1)of this section, by striking means any and all that follows through the period at the end of subparagraph
(B)and inserting means any official described in section 847(c) of the National Defense Authorization Act for Fiscal Year 2008 ( . 10 U.S.C. 1701 note). Section 988 of title 10, United States Code, as amended by subsection (b), is further amended by inserting after subsection
(b)the following new subsection: Whoever violates subsection
(a)shall be subject to the penalties set forth in section 216 of title 18, United States Code. .
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Sec. 107
Prohibition on ownership or trading of stocks in certain companies by Department Of Defense officers and employees
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