; or (B) the government of any political subdivision of a government listed in subparagraph (A). 3. Ethics and conflicts of interest (a) Purpose The purpose of this section is to set forth standards to address and prevent conflicts of interest or abuses of authority that may arise in connection with the administration and execution of the authorities under a Coronavirus pandemic-related program, project, or activity, including under the CARES Act. (b) Standards required The Director shall issue regulations necessary to address and prevent conflicts of interest or abuses of authority that may arise in connection with the administration or execution of the authorities under a Coronavirus pandemic-related program, project, or activity, including— (1) conflicts arising in the selection or hiring of covered contractors or advisors, including contractors, banks, and other private sector entities involved in the administration of programs or services authorized under paragraph (36) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) or under section 4003 of the CARES Act; (2) the management, administration, or distribution of funds, grants, loans, loan guarantees, or other investments under a Coronavirus pandemic-related program, project, or activity; (3) post-employment restrictions on Federal officers and employees; (4) any exercise of authority by Federal officers and employees that adversely affects the rights of any person, or that results in personal gain or advantage to the officer or employee