; (B) a partner; (C) an officer; (D) a director; or (E) a shareholder who holds more than 10 percent of any class of equity securities. (3) Immediate family member The term immediate family member means a spouse, parent, sibling, child, or dependent relative. (e) Application (1) Contract or agreement with Federal Government The prohibition under subsection (a)(1) applies to contracts or agreements with the Federal Government entered into, revised, or renewed after the date of the enactment of this Act. (2) Federal funds The prohibition under subsection (a)(2) applies to Federal funds obligated after the date of the enactment of this Act. III Increased Oversight and Strengthening Agencies Responsible for Rooting Out Corruption 301. Congressional notification of change in status of Inspector General (a) Change in status of Inspector General of offices Section 3(b) of the Inspector General Act of 1978 (5 U.S.C. App.) is amended— (1) by inserting , is placed on paid or unpaid non-duty status, after is removed from office ; (2) by inserting , change in status, after any such removal ; and (3) by inserting , change in status, after before the removal . (b) Change in status of Inspector General of designated Federal entities Section 8G(e)(2) of the Inspector General Act of 1978 (5 U.S.C. App.) is amended— (1) by inserting , is placed on paid or unpaid non-duty status, after office ; (2) by inserting , change in status, after any such removal