Employee Limits ON Profiteering Act

This legislation establishes a significant prohibition on the Federal Government's ability to issue awards. It explicitly forbids the government from entering into or making any Federal award —including contracts, grants, and cooperative agreements—to a special Government employee or a covered third party . A covered third party includes the employee's spouse, child, general partner, or any organization where the employee holds a significant role, aiming to prevent potential conflicts of interest. However, the prohibition does not apply to a special Government employee who serves solely as a member of an advisory committee . To ensure compliance, the bill mandates that the Federal Acquisition Regulation (FAR) must be revised within 60 days of the act's enactment to incorporate these new restrictions.