A bill to change the effective date for the internet publication of certain information to prevent harm to the national security or endangering the military officers and civilian employees to whom the publication requirement applies, and for other purposes.

Summary: Postpones until December 8, 2012, the requirement under the Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act) that the Secretary of the Senate, the Sergeant at Arms of the Senate, and the Clerk of the House of Representatives ensure that financial disclosure forms filed by congressional officers and employees be made available to the public on the respective official Senate and House websites within 30 days after filing.

Postpones until the same date the requirement that the President ensure that financial disclosure forms filed by executive branch employees are publicly available on appropriate official websites of executive branch agencies within such period.

Excludes from these effective date postponements, however, the President, Vice President, Members of Congress, candidates for Congress, and any officer occupying a position listed under Level I and Level II of the Executive Schedule having been nominated by the President and confirmed by the Senate. (Thus maintains September 30, 2012, as the effective date of the requirement that such individuals make their financial disclosure forms available to the public.)

Requires the Director of the Office of Personnel Management (OPM) to contract with the National Academy of Public Administration to study issues raised by the website publication of financial disclosure forms. Requires the Academy to report and make recommendations to Congress and the President for ways to avoid or mitigate the risks identified in its study.

Postpones until January 1, 2013, the requirement that Members of Congress and congressional officers and employees file financial periodic transaction reports (PTRs) with the Clerk of the House that include information on the sources of income of their spouses or children, but only with respect to any transaction exceeding $1,000 in stocks, bonds, commodities futures, and other forms of securities.

Postpones until the same date also the PTRs requirements for certain individuals in the executive branch. Lists these individuals as: (1) the President; (2) the Vice President; (3) executive officers or employees, including certain special government employees and members of a uniformed service; (4) appointed administrative law judges; (5) executive branch employees in positions excepted from the competitive service because of their confidential or policymaking character (except those excluded from such exception by the Director of the Office of Government Ethics [OGE]); (6) the Postmaster General, the Deputy Postmaster General, each Governor of the Board of Governors of the U.S. Postal Service, and certain U.S. Postal Service officers or employees; (7) the OGE Director and each designated agency ethics official; and (8) civilian employees of the Executive Office of the President (other than a special government employee) appointed by the President.

SECTION 1. CHANGED EFFECTIVE DATE FOR FINANCIAL DISCLOSURE FORMS OF 
CERTAIN OFFICERS AND EMPLOYEES.
    (a) In General.--Except with respect to financial disclosure forms 
filed by officers and employees referred to in subsection (b), section 
8(a)(1) and section 11(a)(1) of the STOCK Act (5 U.S.C. App. 105 note) 
shall take effect on December 8, 2012.
    (b) Financial Disclosure Forms Not Subject to New Effective Date.--
Financial disclosure forms filed by the following individuals shall not 
be subject to the effective date under this section:
        (1) The President.
        (2) The Vice President.
        (3) Any Member of Congress.
        (4) Any candidate for Congress.
        (5) Any officer occupying a position listed in section 5312 or 
    section 5313 of title 5, United States Code, having been nominated 
    by the President and confirmed by the Senate to that position.
SEC. 2. STUDY AND REPORT.
    (a) In General.--Not later than 30 days after the date of enactment 
of this Act, the Director of the Office of Personnel Management shall 
contract with the National Academy of Public Administration (referred 
to in this section as the ``National Academy'') to--
        (1) conduct a study of issues raised by website publication of 
    financial disclosure forms as is required under the STOCK Act 
    (Public Law 112-105; 126 Stat. 291); and
        (2) issue a report containing findings and recommendations.
    (b) Scope of Study.--The study conducted under subsection (a)(1) 
shall--
        (1) examine the nature, scope, and degree of risk, including 
    risk of harm to national security, law enforcement, or other 
    Federal missions and risk of endangerment, including to personal 
    safety and security, financial security (such as through identity 
    theft), and privacy, of officers and employees and their family 
    members, that may be posed by website and other publication of 
    financial disclosure forms and associated personal information;
        (2) examine any harm that may have arisen from the current 
    online availability of financial disclosure forms and associated 
    personal information of employees of the legislative branch, 
    including any harm to national security, law enforcement, or other 
    Federal missions and any endangerment that may have occurred, 
    including to personal safety and security, financial security (such 
    as through identity theft), and privacy, of such legislative branch 
    officers and employees or their family members; and
        (3) include any other analysis that the National Academy 
    believes is necessary or desirable on the topic of the study.
    (c) Report.--Not later than 6 months after the date of enactment of 
this Act, the National Academy shall submit to Congress and the 
President a report that contains--
        (1) the findings of the study conducted under subsection 
    (a)(1);
        (2) recommendations for ways to avoid or mitigate the risks 
    identified in the study conducted under subsection (a)(1), 
    consistent with the goal of providing appropriate public disclosure 
    of potential conflicts of interest or instances of insider trading 
    by Federal officers or employees; and
        (3) any other recommendations that the National Academy 
    believes are necessary or desirable.
SEC. 3. PERIODIC TRANSACTION REPORTS FOR TRANSACTIONS OF SPOUSES AND 
CHILDREN.
    (a) In General.--
        (1) Date reporting requirement commences in house of 
    representatives and executive branch.--Section 2 of the Act 
    entitled ``An Act to prevent harm to the national security or 
    endangering the military officers and civilian employees to whom 
    internet publication of certain information applies, and for other 
    purposes'', approved August 16, 2012 (5 U.S.C. App. 103 note), is 
    amended by striking ``September 30, 2012'' and inserting ``January 
    1, 2013''.
        (2) Extension to executive branch.--Section 2 of the Act 
    entitled ``An Act to prevent harm to the national security or 
    endangering the military officers and civilian employees to whom 
    internet publication of certain information applies, and for other 
    purposes'', approved August 16, 2012 (5 U.S.C. App. 103 note), is 
    amended by striking ``for reporting individuals'' and all that 
    follows through ``House of Representatives''.
        (3) Technical and conforming amendment.--Section 2 of the Act 
    entitled ``An Act to prevent harm to the national security or 
    endangering the military officers and civilian employees to whom 
    internet publication of certain information applies, and for other 
    purposes'', approved August 16, 2012 (5 U.S.C. App. 103 note), is 
    amended by striking ``such section 101'' and inserting ``section 
    101 of such Act (5 U.S.C. App. 101)''.
    (b) Effective Date; Rule of Construction.--
        (1) Effective date.--The amendments made by subsection (a) 
    shall take effect on January 1, 2013.
        (2) Rule of construction.--Before January 1, 2013, the 
    amendments made by subsection (a) shall not affect the 
    applicability of section 2 of the Act entitled ``An Act to prevent 
    harm to the national security or endangering the military officers 
    and civilian employees to whom internet publication of certain 
    information applies, and for other purposes'', approved August 16, 
    2012 (5 U.S.C. App. 103 note), as in effect on the day before the 
    effective date under paragraph (1).
    (c) Savings Clause.--Nothing in the amendments made by subsection 
(a) shall be construed as affecting any requirement with respect to the 
House of Representatives or the executive branch in effect before 
January 1, 2013, with respect to the inclusion of transaction 
information for a report under section 103(l) of the Ethics in 
Government Act of 1978 (5 U.S.C. App. 103(l)).
    (d) No Change to Existing Senate Requirements.--Nothing in this 
section or the amendments made this section shall be construed as 
affecting the requirement that took effect with respect to the Senate 
on July 3, 2012, which mandates the inclusion of transaction 
information for spouses and dependent children for a report under 
section 103(l) of the Ethics in Government Act of 1978 (5 U.S.C. App. 
103(l)).

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.