Foreign Gifts and Decorations Act Law and Legal Definition
The Foreign Gifts and Decorations Act (Act) is a federal statute that established policies and procedures pertaining to the acceptance, use, and disposition of gifts or decorations from foreign governments. According to 10 CFR 1050.102, the regulations laid down by the Act are applicable to the following people :
1.Employees of Department of Energy (DOE),
2.Special Government employees,
3.Civilian and military personnel of other government agencies, and
4.Employees of the Federal Energy Regulatory Commission (FERC);
5.Spouses and dependents of the employees of such agencies.
The Act prohibits federal employees from accepting gifts and decorations from a foreign government. However, an employee can accept and retain gifts from foreign governments where the gift is received as a souvenir or mark of courtesy, and is of minimal value. The following are the gifts an employee can accept and retain even if they are above minimal value :
1.A gift in the nature of an educational scholarship;
2.A gift in the form of medical treatment.
Legal Definition list
- Foreign Futures Commission Merchant
- Foreign Futures Authority
- Foreign Futures and Options Customer Omnibus Account
- Foreign Futures and Options Broker
- Foreign Future
- Foreign Gifts and Decorations Act
- Foreign Government
- Foreign Government [Patents]
- Foreign Government Information
- Foreign Government Official
- Foreign Graduate Medical School [Education]
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