I think we should discuss this further, because the law is built on language that includes “perceived conflict of interest”. I think that's always going to be a challenge, because perceived conflict of interest can be very subjective, and somebody is going to have to exercise judgment about what a “perceived” conflict is and what the appropriate remedies are.
Certainly, you can change the act to add other provisions, more sanctions and so on, but I think the problematic part of enforcing the act is that somebody has to exercise judgment and discretion about perceived conflicts of interest.