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12 U.S.C. § 4523 — Limitation on subsequent employment

submitted 34 years ago by Pub. L. 102-550 to r/title-12-BANKS-AND-BANKING · 67 words · no verdicts yet

in plain englishAI-generated · not legal advice

Certain Agency leaders and highly paid former employees may not accept enterprise compensation for two years after leaving the Agency.

The Director and any former Agency officer or employee who, while employed, was paid more than the lowest rate for a position above GS–15 may not accept compensation from an enterprise for 2 years after leaving Agency employment.
the actual law source: uscode.house.gov ↗public domain

Neither the Director nor any former officer or employee of the Agency who, while employed by the Agency, was compensated at a rate in excess of the lowest rate for a position classified higher than GS–15 of the General Schedule under section 5107 of title 5 may accept compensation from an enterprise during the 2-year period beginning on the date of separation from employment by the Agency.

Source credit: (Pub. L. 102–550, title XIII, § 1319D, Oct. 28, 1992, 106 Stat. 3951; Pub. L. 110–289, div. A, title I, § 1161(a)(5), July 30, 2008, 122 Stat. 2779.)

history & why it existsrecord from the source credit
  • 1992Enacted · Pub. L. 102-550 · 106 Stat. 3951
  • 2008Amended · Pub. L. 110-289 · 122 Stat. 2779

A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-550 on 1992-10-28.

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