“Subject to the Provisions of Subsection (B), an Employee May

question 14

Multiple Choice

“Subject to the provisions of subsection (b) , an employee may take an active part in political management or in political campaigns, except an employee may not—
(1) use his official authority or influence for the purpose of interfering with or affecting the result of an election;
(2) knowingly solicit, accept, or receive a political contribution from any person…
(3) run for the nomination or as a candidate for election to a partisan political office; or
(4) knowingly solicit or discourage the participation in any political activity of any person who—
(A) has an application for any compensation, grant, contract, ruling, license, permit, or certificate pending before the employing office of such employee; or
(B) is the subject of or a participant in an ongoing audit, investigation, or enforcement action being carried out by the employing office of such employee..”
--Hatch Act, amended 1993
-What are federal employees prohibited from doing under the Hatch Act as amended?

• A)adjudicating legal disputes
• B)exercising administrative discretion
• C)running for partisan office
• D)running voter registration drives -Consider This: The Hatch Act was designed to prevent civil service employees from engaging in activities that would demonstrate a choice of sides in elections; it does not prevent non-aligned involvement in elections generally.

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Definitions:

Effective Yield

The total yield of a bond, taking into account annual interest payments and the bond’s price fluctuation.

Fair Value Option

An accounting choice that allows companies to report financial assets and liabilities at their fair values, with changes in fair value recognized through profit or loss.

Unrealized Holding

Unrealized holding refers to profits or losses on investments or assets that have increased or decreased in value but have not yet been sold or realized.

Bond Liability

Bond liability is the amount owed by a bond issuer to bondholders, including both the principal amount borrowed and any accrued interest, until the bond matures.