PAID Act

The PAID Act prohibits former federal officials from making substantial investments or taking managerial roles in businesses if they know a foreign government or political party has a significant investment in that business. This restriction applies for four years after any communication with the foreign entity and covers investments exceeding $25,000 or 1% of the business's value. Exceptions allow investments held through employer retirement plans or trusts, and officials must divest or leave such roles within 120 days if they discover the foreign connection. The law targets potential conflicts of interest by limiting financial ties between former government officials and foreign-influenced businesses.