An amendment numbered 5 printed in House Report 111-419 to require the Director of National Intelligence to establish an intelligence community-wide conflict of interest regulation working in conjunction with the Office of Government Ethics; to establish a community-wide process for checking outside employment for conflicts of interest, and also to submit an annual report to the intelligence committees on all outside employment activities that were approved in the last year. The amendment would also prohibit Intelligence Community government employees from owning companies that sell skills related to their government service.

1. 1

   Change 1: Adds SEC. 305. CONFLICT OF INTEREST REGULATIONS AND PROHIBITION ON CERTAIN OUTSIDE EMPLOYMENT FOR INTELLIGENCE COMMUNITY EMPLOYEES at the end of subtitle A of title III

   Adds a section

   Inserted: SEC. 305. CONFLICT OF INTEREST REGULATIONS AND PROHIBITION ON CERTAIN OUTSIDE EMPLOYMENT FOR INTELLIGENCE COMMUNITY EMPLOYEES.

   Inserted: (a) Conflict of Interest Regulations.--Section 102A of the National Security Act of 1947 (50 U.S.C. 403-1) is amended by adding at the end the following new subsection:

   Inserted: "(s) Conflict of Interest Regulations.--(1) The Director of National Intelligence, in consultation with the Director of the Office of Government Ethics, shall issue regulations prohibiting an officer or employee of an element of the intelligence community from engaging in outside employment if such employment creates a conflict of interest or appearance thereof.

   Inserted: "(2) The Director of National Intelligence shall annually submit to the congressional intelligence committees a report describing all outside employment for officers and employees of elements of the intelligence community that was authorized by the head of an element of the intelligence community during the preceding calendar year. Such report shall be submitted each year on the date provided in section 507.".

   Inserted: (b) Outside Employment.--

   Inserted: (1) Prohibition.--Title I of the National Security Act of 1947 (50 U.S.C. 402 et seq.) is amended by adding at the end the following new section:

   Inserted: "prohibition on certain outside employment of officers and employees of the intelligence community

   Inserted: "Sec. 120. An officer or employee of an element of the intelligence community may not personally own or effectively control an entity that markets or sells for profit the use of knowledge or skills that such officer or employee acquires or makes use of while carrying out the official duties of such officer or employee as an officer or employee of an element of the intelligence community.".

   Inserted: (2) Conforming amendment.--The table of contents in the first section of such Act (50 U.S.C. 401 note) is further amended by inserting after the item relating to section 119B the following new item:

   Inserted: "Sec. 120. Prohibition on certain outside employment of officers and employees of the intelligence community.".

   Original wording

   At the end of subtitle A of title III, add the following new section:

2. 2

   Change 2: Rewrites page 71, line 11

   ReplacesPrinted page

   Removes page 71, line 11 of the printed bill. See that page

   Inserted: section 510.

   Original wording

   Page 71, strike line 11 and insert “section 510.”.

3. 3

   Change 3: Inserts new text on page 71, line 11

   InsertsPrinted page

   Inserted: (K) The annual report on outside employment required by section 102A(s)(2).

   Original wording

   Page 71, after line 11 insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed