1. Short title; table of contents (a) Short title This Act may be cited as the Retired Officers Conflict of Interest Act of 2023 . (b) Table of contents The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Approval process for employment and compensation. Sec. 3. Prohibition on members of the Armed Forces negotiating employment with foreign governments while on active duty. Sec. 4. 30-month prohibition on retired members of the Armed Forces eligible for access to classified information seeking approval for employment by foreign governments. Sec. 5. Notification of obligations. Sec. 6. Post-retirement employment reporting. Sec. 7. Penalties. Sec. 8. Guidance. Sec. 9. Public reporting. Sec. 10. Database of employment approvals. Sec. 11. Definitions. Sec. 12. Comptroller General of the United States review. Sec. 13. Effective date; applicability. 2. Approval process for employment and compensation Section 908 of title 37, United States Code, is amended— (1) in subsection (a)— (A) by redesignating paragraphs (1), (2), and (3) as subparagraphs (A), (B), and (C), respectively, and by moving such subparagraphs, as so redesignated, 2 ems to the right; (B) by striking Subject to and inserting the following: (1) In general Subject to ; (C) in subparagraph (C), as redesignated, by striking Commissioned Reserve Corps and inserting Ready Reserve Corps ; and (D) by adding at the end the following new paragraph: (2) Application to private entities The acceptance by a person described in paragraph (1) of employment (and compensation related to that employment) or payments or awards indirectly from a foreign government through a private entity shall be subject to the provisions of this section to the same extent and in the same manner as such provisions apply to employment (and compensation related to that employment) and payments and awards described in paragraph (1). ; (2) in subsection (b)— (A) by inserting (1) before A person