§3490 Potential financial interests or impaired objectivity of covered individuals or entities

Summary

The Secretary of Education must, within 60 days after December 26, 2007, create steps to check whether covered people or groups have possible money ties or biased judgment about a product or service bought with, or guaranteed or insured by, Department of Education funds, and to make any such ties or bias known. The Inspector General must, within 60 days after those steps are in place, tell the House and Senate Appropriations Committees if the steps are adequate. Within 1 year the Inspector General must do at least one review to see if the steps are working and must tell those Committees any changes needed. Covered individuals or entities include: Department officers or professional employees; contractors or subcontractors and people they hire; members of Department peer review panels; and consultants or advisors to the Department.