PROHIBITION ON CONFLICTING PECUNIARY INTERESTS.

SEC. 203. PROHIBITION ON CONFLICTING PECUNIARY INTERESTS. Section 106(e) of title 49, United States Code, is amended to read as follows: “(e) Prohibition on Conflicting Pecuniary Interests.— “(1) In general.—The leadership of the Administration may not have a pecuniary interest in, or hold a financial interest in, an aeronautical enterprise or engage in another business, vocation, or employment. “(2) Teaching.—Notwithstanding paragraph (1), the Deputy Administrator may not receive compensation for teaching without prior approval of the Administrator. “(3) Financial interest defined.—In this subsection, the term ‘financial interest’— “(A) means— “(i) any current or contingent ownership, equity, or security interest; “(ii) any indebtedness or compensated employment relationship; or “(iii) any right to purchase or acquire any such ownership, equity, or security interest, including a stock option; and “(B) does not include securities held in an index fund.” .