BASIC Act

The BASIC Act prohibits certain non-regular government employees (called "special Government employees") from receiving or arranging for federal contracts, grants, or other awards exceeding $1 million annually if they or their family, household, or affiliated organizations would benefit. Exceptions apply to employees serving only on advisory committees, holding GS-10 or lower positions, or working in student-specific roles. The bill requires agencies to update regulations to enforce this ban, mandates public disclosure of financial reports for affected employees (with exceptions), and creates a searchable online database tracking these employees' service details. These changes aim to prevent conflicts of interest in federal contracting.