Retired Officers Conflict of Interest Act of 2023

This bill creates a 30-month restriction on retired military officers with access to classified information from seeking employment with foreign governments, with limited exceptions for certain allied nations like the UK, Canada, Australia, and New Zealand. It requires retired officers to report their employment to the Department of Defense and establishes a public database of employment approvals for transparency. Violations could lead to civil penalties up to $100,000 or the amount of compensation received, and could restrict future government employment or access to classified information. The law also mandates the Secretaries of Defense and State to issue guidance within 120 days of enactment.