In general— Any individual who is finally convicted of a covered crime for which any portion of the conduct constituting the covered crime was committed while the individual was serving or employed as the chief executive officer of any public or private non-Federal entity, without regard to whether the conduct was committed in the course of the official duties of the individual as chief executive officer, shall be ineligible for appointment to a position in the executive branch of the Federal Government.
Penalty— Any individual serving in a position in the executive branch of the Federal Government on the date of enactment of this Act who would not be eligible for appointment to such a position under subsection (a) shall be removed from service or employment in the executive branch of the Federal Government.