20 U.S. Code § 3490 - Potential financial interests or impaired objectivity of covered individuals or entities
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(a) Maintenance of integrity and ethical values within Department of Education
Within 60 days after December 26, 2007, the Secretary of Education shall implement procedures—
(1) to assess whether a covered individual or entity has a potential financial interest in, or impaired objectivity towards, a product or service purchased with, or guaranteed or insured by, funds administered by the Department of Education or a contracted entity of the Department; and
(b) Review by Inspector General
(1) Within 60 days after the implementation of the procedures described in subsection (a), the Inspector General of the Department of Education shall report to the Committees on Appropriations of the House of Representatives and the Senate on the adequacy of such procedures.
(2) Within 1 year, the Inspector General shall conduct at least 1 review to ensure that such procedures are properly implemented and are effective to uncover and disclose the existence of potential financial interests or impaired objectivity described in subsection (a).
For purposes of this section, the term “covered individual or entity” means—
(2) a contractor or subcontractor of the Department, or an individual hired by the contracted entity;
Source(Pub. L. 110–161, div. G, title III, § 306,Dec. 26, 2007, 121 Stat. 2198.)
Section was enacted as part of the Department of Education Appropriations Act, 2008, and also as part of the Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2008, and the Consolidated Appropriations Act, 2008, and not as part of the Department of Education Organization Act which comprises this chapter.
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