[Code of Federal Regulations]
[Title 15, Volume 1]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR0.735-20]

[Page 12]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
PART 0--EMPLOYEE RESPONSIBILITIES AND CONDUCT--Table of Contents
 
       Subpart E--Statements of Employment and Financial Interests
 
Sec. 0.735-20  General provisions.


    (a) In order to carry out the purpose of this part, certain 
employees of the Department, specified in or pursuant to this part, will 
be required to submit statements of outside employment and financial 
interests for review designed to disclose conflicts of interest, 
apparent conflicts of interest on the part of employees, and other 
matters within the purview of this part.
    (b) When a conflict or apparent conflict of interest on the part of 
an employee or other question of compliance with the provisions of this 
part arises and is not resolved at a lower level within the Department, 
e.g., by appropriate remedial action, the information concerning the 
matter shall be reported to the Secretary through the counselor for the 
Department designated in Sec. 0.735-38.
    (c) In the event of a conflict or apparent conflict of interest on 
the part of an employee or other question of compliance with the 
provisions of this part, the employee concerned shall be provided an 
opportunity to explain the matter. After consideration of the conflict 
or apparent conflict of interest or other question of compliance, and 
the employee's explanation thereof, appropriate action shall be taken.