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119-s-5107119th Congress

No Corporate Crooks Act

Sponsored By: Senator Schiff, Adam B. [D-CA]

Introduced

Summary

Bars CEOs convicted of certain corruption-related crimes from serving in the executive branch. This bill would make any person who, while serving as a chief executive officer of a public or private non-Federal entity, committed a covered crime and was later finally convicted ineligible for appointment or employment in the executive branch.

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  • People who served as CEOs and were finally convicted of a covered crime would be ineligible for any executive branch appointment or employment.
  • Any individual serving in the executive branch on the date of enactment who meets that ineligibility would be removed from service.
  • The bill defines eight categories of covered crimes, including bribery, fraud, insider trading, tax evasion, computer crime, embezzlement, wage theft, and copyright infringement, and it also covers comparable state offenses.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Ban on convicted CEOs in government

This bill would bar from executive-branch appointment any person finally convicted of a listed "covered crime" if any part of that conduct happened while they served as a CEO of a non-Federal entity. Covered crimes would include bribery, copyright infringement, cybercrime, embezzlement, fraud, insider trading, wage theft, tax evasion, and comparable State offenses. The ban would apply even if the misconduct was not part of the person's official CEO duties. Anyone serving in the executive branch on the date of enactment who meets this rule would be removed from their position, and the rule would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Schiff, Adam B. [D-CA]

CA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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