10 U.S.C. § 988
Prohibition on ownership or trading of stocks in certain companies by certain officials of the Department of Defense
United States · Title 10 — ARMED FORCES · Status: effective
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- Citation
- 10 U.S.C. § 988, Prohibition on ownership or trading of stocks in certain companies by certain officials of the Department of Defense, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/433076
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Full text
This section shall not apply to the purchase or ownership of a publicly traded stock of a company otherwise described in subsection (a) as follows:
In this section:
The term “covered official of the Department of Defense” means any of the following:
If serving in a key acquisition position (as designated by the Secretary of Defense or the Secretary concerned for purposes of this section), the following:
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- National Defense Authorization Act for Fiscal Year 2020