§ 1986. Conflicts of interests

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1961

   Agricultural Act of 1961

   Pub. L. 87–128 title III § 336 · 75 Stat. 294

   Enacted · 7 U.S.C. § 1986

   Pub. L. 87–128, title III, § 336, Aug. 8, 1961, 75 Stat. 316

   Source evidence

   Code source credit
   Pub. L. 87–128, title III, § 336, Aug. 8, 1961, 75 Stat. 316

   Enacted provision · exact public law section
   Sec. 336. No officer, attorney, or other employee of the Secretary shall, directly or indirectly, be the beneficiary of or receive any fee, commission, gift, or other consideration for or in connection with any transaction or business under this title other than such salary, fee, or other compensation as he may receive as such officer, attorney, or employee. No member of a county committee shall knowingly make or join in making any certification with respect to a loan to purchase any land in which he or any person related to him within the second degree of consanguinity or affinity has or may acquire any interest or with respect to any applicant related to him within the second degree of consanguinity or affinity. Any persons violating any provision of this section shall, upon conviction thereof, be punished by a fine of not more than $2,000 or imprisonment for not more than two years, or both.

2. 1984

   Emergency Agricultural Credit Act of 1984

   Pub. L. 98–258 title VI § 606 · 98 Stat. 130

   1. Amended · 7 U.S.C. § 1986

      Pub. L. 98–258 designated first, second, and third sentences of existing provisions as subsecs. (a), (c), and (d), respectively

   2. Added · 7 U.S.C. § 1986

      Pub. L. 98–258 added subsec. (b)

   Source evidence

   Code amendment note
   Pub. L. 98–258 designated first, second, and third sentences of existing provisions as subsecs. (a), (c), and (d), respectively, and added subsec. (b).

   Enacted provision · exact public law section
   Sec. 606. conflicts of interest Section 336 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1986) is amended by— (1) designating the first, second, and third sentences as subsections (a), (c), and (d), respectively; and (2) inserting after subsection (a) (as designated under clause (a) of this section) the following new subsection: “(b) Except as otherwise provided in this subsection, no officer or employee of the Department of Agriculture who acts on or reviews an application made by any person under this title for a loan to purchase land may acquire, directly or indirectly, any interest in such land for a period of three years after the date on which such action is taken or such review is made. This prohibition shall not apply to a former member of a county committee provided for in 7 USC 1982. section 332 of this title upon a determination by the Secretary, prior to the acquisition of such interest, that such former member acted in good faith when acting on or reviewing such application.”.

3. 2002

   Pub. L. 107–171 title V § 5501(b) · 116 Stat. 134

   Struck · 7 U.S.C. § 1986(b)

   Pub. L. 107–171 struck out “provided for in section 1982 of this title” after “former member of a county committee”

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 107–171 struck out “provided for in section 1982 of this title” after “former member of a county committee”.

   Enacted provision · exact public law section
   (b) Section 336(b) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1986(b)) is amended in the second sentence by striking “provided for in section 332 of this title”.

4 of 4 references resolved to an enrolled provision