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2 U.S.C. § 612 — Executive exchange program
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Director of the Congressional Budget Office may establish and conduct an executive exchange program under which employees of the Office may be assigned to private sector organizations, and employees of private sector organizations may be assigned to the Office, for 1-year periods to further the institutional interests of the Office or Congress, including for the purpose of providing training to officers and employees of the Office.
**(b) Limitations and conditions** The Director of the Congressional Budget Office shall—
(1) limit the number of officers and employees who are assigned to private sector organizations at any one time to not more than 5;
(2) limit the number of employees from private sector organizations who are assigned to the Office at any one time to not more than 5;
(3) require that an employee of a private sector organization assigned to the Office may not have access to any trade secrets or to any other nonpublic information which is of commercial value to the private sector organization from which such employee is assigned; and
(4) approve employees to be detailed from the private sector without regard to political affiliation and solely on the basis of their fitness to perform their assigned duties.
**(c) Treatment of private employees** An employee of a private sector organization assigned to the Office under the executive exchange program shall be considered to be an employee of the Office for purposes of—
(1) chapter 73 of title 5;
(2) sections 201, 203, 205, 207, 208, 209, 603, 606, 607, 643, 654, 1905, and 1913 of title 18;
(3) sections 1343, 1344, and 1349(b) of title 31;
(4) chapter 171 of title 28 (commonly referred to as the “Federal Tort Claims Act”) and any other Federal tort liability statute;
(5) chapter
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Source location: Title 2, Chapter 17, § 612; chapter-017-congressional-budget-office.md
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**(a) In general** The Director of the Congressional Budget Office may establish and conduct an executive exchange program under which employees of the Office may be assigned to private sector organizations, and employees of private sector organizations may be assigned to the Office, for 1-year periods to further the institutional interests of the Office or Congress, including for the purpose of providing training to officers and employees of the Office.
**(b) Limitations and conditions** The Director of the Congressional Budget Office shall—
(1) limit the number of officers and employees who are assigned to private sector organizations at any one time to not more than 5;
(2) limit the number of employees from private sector organizations who are assigned to the Office at any one time to not more than 5;
(3) require that an employee of a private sector organization assigned to the Office may not have access to any trade secrets or to any other nonpublic information which is of commercial value to the private sector organization from which such employee is assigned; and
(4) approve employees to be detailed from the private sector without regard to political affiliation and solely on the basis of their fitness to perform their assigned duties.
**(c) Treatment of private employees** An employee of a private sector organization assigned to the Office under the executive exchange program shall be considered to be an employee of the Office for purposes of—
(1) chapter 73 of title 5;
(2) sections 201, 203, 205, 207, 208, 209, 603, 606, 607, 643, 654, 1905, and 1913 of title 18;
(3) sections 1343, 1344, and 1349(b) of title 31;
(4) chapter 171 of title 28 (commonly referred to as the “Federal Tort Claims Act”) and any other Federal tort liability statute;
(5) chapter 131 of title 5; and
(6) [section 1043 of title 26](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section1043&num=0&edition=prelim).
**(d) Effective date** This section shall apply to fiscal year 2008 and each fiscal year thereafter.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** The Director of the Congressional Budget Office may, by regulation, make applicable such provisions of [section 3396 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section3396&num=0&edition=prelim) as the Director determines necessary to establish a program providing opportunities for employees of the Office to engage in details or other temporary assignments in other agencies, study, or uncompensated work experience which will contribute to the employees’ development and effectiveness.
**(b) Effective date** This section shall apply to fiscal year 2003 and each fiscal year thereafter.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Nonrecognition of gain** If an eligible person sells any property pursuant to a certificate of divestiture, at the election of the taxpayer, gain from such sale shall be recognized only to the extent that the amount realized on such sale exceeds the cost (to the extent not previously taken into account under this subsection) of any permitted property purchased by the taxpayer during the 60-day period beginning on the date of such sale.
**(b) Definitions** For purposes of this section—
(1) **Eligible person** — The term “eligible person” means—
(A) an officer or employee of the executive branch, or a judicial officer, of the Federal Government, but does not mean a special Government employee as defined in [section 202 of title 18](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title18-section202&num=0&edition=prelim), United States Code, and
(B) any spouse or minor or dependent child whose ownership of any property is attributable under any statute, regulation, rule, judicial canon, or executive order referred to in paragraph (2) to a person referred to in subparagraph (A).
(2) **Certificate of divestiture** — The term “certificate of divestiture” means any written determination—
(A) that states that divestiture of specific property is reasonably necessary to comply with any Federal conflict of interest statute, regulation, rule, judicial canon, or executive order (including [section 208 of title 18](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title18-section208&num=0&edition=prelim), United States Code), or requested by a congressional committee as a condition of confirmation,
(B) that has been issued by the President or the Director of the Office of Government Ethics, in the case of executive branch officers or employ
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Federal law — U.S. Code and appendices · legal_authorities
Page 171
TITLE 2—THE CONGRESS
§ 612
Legislative Branch Appropriations Act, 2002, and not as
part of title II of the Congressional Budget and Im-
poundment Control Act of 1974 which comprises this
chapter.
§ 610. Repayment of student loan on behalf of em-
ployee
(a) Authorization
The Director of the Congressional Budget Of-
fice may, in order to recruit or retain qualified
personnel, establish and maintain on and after
November 12, 2001, a program under which the
Office may agree to repay (by direct payments
on behalf of the employee) all or a portion of
any student loan previously taken out by such
employee.
(b) Regulations
The Director may, by regulation, make appli-
cable such provisions of section 5379 of title 5 as
the Director determines necessary to provide for
such program.
(c) Maximum amount
The regulations shall provide the amount paid
by the Office may not exceed—
(1) $6,000 for any employee in any calendar
year; or
(2) a total of $40,000 in the case of any em-
ployee.
(d) Limitation
The Office may not reimburse an employee for
any repayments made by such employee prior to
the Office entering into an agreement under this
section with such employee.
(e) Accounting
Any amount repaid by, or recovered from, an
individual under this section and its imple-
menting regulations shall be credited to the ap-
propriation account available for salaries and
expenses of the Office at the time of repayment
or recovery.
(f) Applicability
This section shall apply to fiscal year 2002 and
each fiscal year thereafter.
(Pub. L. 107–68, title I, § 127, Nov. 12, 2001, 115
Stat. 577.)
Editorial Notes
CODIFICATION
Section was enacted as part of the Congressional Op-
erations Appropriations Act, 2002, which is title I of the
Legislative Branch Appr
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