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The Retired Officers Conflict of Interest Act of 2024 amends federal law to strengthen restrictions on retired military members and reserve component members accepting employment and compensation from foreign governments. The bill requires approval from the Secretary of Defense and Secretary of State before accepting such employment, prohibits active-duty members from negotiating foreign employment, imposes a 30-month post-retirement prohibition on those with classified information access (with exceptions for allied nations), and establishes reporting requirements, civil penalties up to $100,000, and a public database of employment approvals.
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