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public's confidence in the integrity of the processes of government is restored.

I urge you, therefore, to give us the benefit of your most considered judgment. Although time for your deliberations has been severely limited, we are confident that your conclusions will be of high value.

In closing, I would like to express our sincere and deep appreciation and look forward to seeing you and your group on November 16.

CC: Commission Members

Charles T. Duncan
Edward H. Foley

Sherman Hazeltine
Lane Kirkland

Joseph F. Meglen

Norma Pace

Bernard G. Segal
Chesterfield Smith

Sincerely,

Peter 4 Peterson

Peter G. Peterson,
Chairman, Commission

on Executive, Legislative
and Judicial Salaries

TASK FORCE ON

OUTSIDE INCOME, INVESTMENTS,
AND POST-SERVICE EMPLOYMENT

November 29, 1976

Mr. Peter G. Peterson, Chairman

Commission on Executive, Legislative

and Judicial Salaries

1750 K Street, N. W. Washington, D. C. 20006

Dear Mr. Peterson:

I am privileged to submit the final report of the Task Force on Outside Income, Investments, and Post-Service Employment.

At your direction, we focused on issues which go to the heart of the American democratic process:

1. The need to restore public confidence in the quality and integrity of the women and men who conduct the affairs of our federal government; and

2. The need to establish and monitor effective standards of conduct for top officials in all branches of the federal government, so as to strengthen this public confidence.

The Task Force reviewed applicable laws, regulations and published reports; and also solicited the views of officials in all branches of the government. It relied heavily, too, on the extensive and personal experience and judgment of its members.

In view of time constraints and limited resources, it was not feasible, and perhaps not appropriate, for the Task Force to attempt to articulate precise standards of conduct to be applicable to all branches of government. Rather, we have set forth a Statement of Recommended Principles governing the conflict-of-interest issue, with particular emphasis on higher and more explicit standards of conduct, fuller public disclosure, and better auditing and administrative procedures and practices.

We are of the view that further action is needed at the highest practicable levels of government for the purpose of determining (a) what the precise standards should be, (b) the extent to which they should be uniform among the

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branches of government, and (c) how they should be administered in all essential details. This will require not only the proper auspices, but will also entail meticulous care and full participation by representatives of each of the three branches of government as well as by representatives of the public.

It has been my distinct pleasure to work with the distinguished members of this Task Force. All of us share your concern about restoring the public's faith in the quality and integrity of government, and we hope that this report will be of some help in your efforts to this end.

Respectfully yours,

Martin Capa

Mortimer M. Caplin
Chairman

Members of the Task Force on
Public Conduct

Mortimer M. Caplin, Chairman

Partner: Caplin & Drysdale

Former Commissioner of Internal Revenue

Tom Bradley

Mayor: Los Angeles, California

The Honorable Tom C. Clark

Associate Justice of the Supreme Court (Ret.)

The Honorable C. Douglas Dillon

Former Secretary of the Treasury

Ray Garrett, Jr.

Partner: Gardner, Carton & Douglas

Former Chairman, Securities and Exchange Commission

Martha W. Griffiths

Partner: Griffiths and Griffiths

Former Member U.S. House of Representatives

Leon Jaworski

Senior Partner: Fulbright & Jaworski

William McChesney Martin

Former Chairman of the Federal Reserve Board

George Romney

Chairman: National Center for Voluntary Action
Former Industrialist, Former Governor, Former
Secretary of Housing and Urban Development

William D. Ruckelshaus

Senior Vice President: Weyerhaeuser Company
Former Deputy Attorney General

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