Top Summary
This section clarifies that the Act does not limit or prevent the application of existing ethics laws and regulations, including those administered by the Office of Government Ethics and the ethics rules of the Senate and House of Representatives, which prohibit members of Congress and senior executive branch officials from issuing digital commodities during their public service. It also defines certain employees under title 18 as executive branch employees for the purposes of compliance with section 208.
Original Bill Text:
SEC. 111.Rule of construction.
Nothing in this Act, or the amendments made by this Act, shall be construed to limit or prevent the continued application of applicable ethics statutes and regulations administered by the Office of Government Ethics, or the ethics rules of the Senate and the House of Representatives, including section 208 of title 18, United States Code, and sections 2635.702 and 2635.802 of title 5, Code of Federal Regulations. For the avoidance of doubt, existing Office of Government Ethics laws and the ethics rules of the Senate and the House of Representatives prohibit any member of Congress or senior executive branch official from issuing a digital commodity during their time in public service. For the purposes of this section, an employee described in section 202 of title 18, United States Code, shall be deemed an executive branch employee for purposes of complying with section 208 of that title.