No Corporate Crooks Act

The "No Corporate Crooks Act" aims to prevent individuals convicted of specific corruption-related offenses from serving in the executive branch of the Federal Government. This restriction applies to anyone who, while serving as a chief executive officer of any public or private non-Federal entity, was finally convicted of a "covered crime."

A "covered crime" encompasses a wide range of offenses, including federal crimes like bribery, fraud, cybercrime, embezzlement, insider trading, wage theft, and tax evasion, as well as comparable State-level offenses. The prohibition applies regardless of whether the conduct was committed in the course of their official CEO duties.

Furthermore, the bill mandates that any individual currently serving in an executive branch position who would be ineligible under these new criteria must be removed from their federal service or employment. This ensures that the restriction applies both to future appointments and existing personnel.