1. Short title This Act may be cited as the Executive Branch Conflict of Interest Act . 2. Restrictions on private sector payment for Government service Section 209 of title 18, United States Code, is amended— (1) in subsection (a)— (A) by striking any salary and inserting any bonus or salary ; and (B) by striking his services and inserting services rendered or to be rendered ; and (2) in subsection (b)— (A) by inserting (1) after (b) ; and (B) by adding at the end the following: (2) For purposes of paragraph (1), a pension, retirement, group life, health or accident insurance, profit-sharing, stock bonus, or other employee welfare or benefit plan that makes payment of compensation contingent on accepting a position in the Federal Government shall not be considered bona fide. (3) For purposes of paragraph (2), compensation includes a retention award or bonus, severance pay, and any other payment linked to future service in the Federal Government in any way. . 3. Requirements relating to slowing the revolving door among certain executive branch employees (a) In general The Ethics in Government Act of 1978 (5 U.S.C. App.) is amended by adding at the end the following: VI Special requirements for certain executive branch employees 601. Definitions (a) In general In this title, the terms designated agency ethics official and executive branch have the meanings given those terms under section 109. (b) Other definitions In this title: (1) Covered agency The term covered agency — (A) means— (i) an Executive agency; (ii) the Postal Service; and (iii) the Postal Rate Commission; (B) includes the Executive Office of the President