The purpose of this legislation is to prevent conflicts of interest by prohibiting the federal government from awarding contracts and grants to companies that are owned by special government employees. The main objective is to ensure that individuals who have a special role in government do not benefit financially from their position by receiving government contracts or grants. Key provisions of the law state that starting from January 1, 2025, no executive agency can award contracts, grants, or cooperative agreements to companies where any owner is a special government employee.