Overview of Stock Divestiture Requirements Under 10 U.S.C. § 988

Reporting cited here

1. reported

   Five senators wrote that, if the reported purchase attempt was accurate, it could violate Hegseth's ethics agreement; they cited 10 U.S.C. § 988 restrictions on covered Defense officials' holdings in top contractors and Office of Government Ethics guidance that a single-industry sector fund can create criminal-conflict exposure under 18 U.S.C. § 208.

   10 U.S.C. § 988 covered-official divestiture requirements

   Hegseth's broker was reported to have sought a defense-sector ETF purchase before the Iran war · Pentagon denied the report March 30; senators requested records April 1