Sec. 203. PROHIBITION ON CONFLICTING PECUNIARY INTERESTS
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## SEC. 203 PROHIBITION ON CONFLICTING PECUNIARY INTERESTS Section 106(e) of title 49, United States Code, is amended to read as follows: > > ### “(e) Prohibition on Conflicting Pecuniary Interests > > > #### “(1) In general > > The leadership of the Administration may not have a pecuniary interest in, or hold a financial interest in, an aeronautical enterprise or engage in another business, vocation, or employment. > > > #### “(2) Teaching > > Notwithstanding paragraph (1), the Deputy Administrator may not receive compensation for teaching without prior approval of the Administrator. > > > #### “(3) Financial interest defined > > In this subsection, the term ‘financial interest’— > > > ##### “(A) > > means— > > > ###### “(i) > > any current or contingent ownership, equity, or security interest; > > > ###### “(ii) > > any indebtedness or compensated employment relationship; or > > > ###### “(iii) > > any right to purchase or acquire any such ownership, equity, or security interest, including a stock option; and > > > ##### “(B) > > does not include securities held in an index fund.” > .