Sec. 19.735-201  Outside employment and other activity prohibited by the 
          Communications Act.

    Under section 4(b) of the Communications Act, at 47 U.S.C. 
154(b)(2)(A)(iv), no employee of the Commission may be in the employ of 
or hold any official relation to any person significantly regulated by 
the Commission under that Act. In addition, the Commissioners are 
prohibited by section 4(b) of the Communications Act, at 47 U.S.C. 
154(b)(4), from engaging in any other business, vocation, profession, or 
employment.

    Note: Under the Supplemental Standards of Ethical Conduct for 
Employees of the Federal Communications Commission, at 5 CFR 3901.102, 
professional employees of the Commission must obtain approval before 
engaging in the private practice of the same profession as that of the 
employee's official position, whether or not for compensation.