II 

118TH CONGRESS 

1ST SESSION S. 3555 

To amend chapter 131 of title 5, United States Code, and the STOCK 

Act to require certain senior officials to report payments received from 

the Federal Government, to improve the filing and disclosure of financial 

disclosures by Members of Congress, congressional staff, very senior 

employees, and others, and to ban stock trading for certain senior Government officials, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

DECEMBER 18, 2023 

Mrs. GILLIBRAND introduced the following bill; which was read twice and 

referred to the Committee on Homeland Security and Governmental Affairs 

A BILL 

To amend chapter 131 of title 5, United States Code, and 

the STOCK Act to require certain senior officials to 

report payments received from the Federal Government, 

to improve the filing and disclosure of financial disclosures by Members of Congress, congressional staff, very 

senior employees, and others, and to ban stock trading 

for certain senior Government officials, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘STOCK Act 2.0’’. 


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1 SEC. 2. REPORTING OF APPLICATIONS FOR, OR RECEIPT 

2 OF, PAYMENTS FROM FEDERAL GOVERN3 MENT. 

4 (a) IN GENERAL.—Section 13103 of title 5, United 

5 States Code, is amended by adding at the end the fol6 lowing: 

7 ‘‘(i) REPORTING OF APPLICATIONS FOR, OR RECEIPT

8 OF, PAYMENTS FROM FEDERAL GOVERNMENT.— 

9 ‘‘(1) DEFINITIONS.—In this subsection: 

10 ‘‘(A) COVERED PAYMENT.— 

11 ‘‘(i) IN GENERAL.—The term ‘covered 

12 payment’ means a payment of money or 

13 any other item of value made, or promised 

14 to be made, by the Federal Government. 

15 ‘‘(ii) INCLUSIONS.—The term ‘covered 

16 payment’ includes— 

17 ‘‘(I) a loan agreement, contract, 

18 or grant made, or promised to be 

19 made, by the Federal Government; 

20 and 

21 ‘‘(II) such other types of pay22 ment of money or items of value as 

23 the Secretary of the Treasury, in con24 sultation with the Director of the Of25 fice of Government Ethics, may estab26 lish, by regulation. 


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1 ‘‘(iii) EXCLUSIONS.—The term ‘cov2 ered payment’ does not include— 

3 ‘‘(I) any salary or compensation 

4 for service performed as, or reim5 bursement of personal outlay by, an 

6 officer or employee of the Federal 

7 Government; or 

8 ‘‘(II) any tax refund (including a 

9 refundable tax credit). 

10 ‘‘(B) COVERED PERSON.—The term ‘cov11 ered person’ means— 

12 ‘‘(i) an individual described in any of 

13 paragraphs (1) through (13) of section 

14 13105(l); or 

15 ‘‘(ii) a spouse or dependent child of 

16 an individual described in clause (i). 

17 ‘‘(C) DEPENDENT CHILD.—The term ‘de18 pendent child’ means, with respect to any indi19 vidual described in subparagraph (B)(i), any in20 dividual who is— 

21 ‘‘(i) under the age of 19; and 

22 ‘‘(ii) a dependent of the individual de23 scribed in subparagraph (B)(i) within the 

24 meaning of section 152 of the Internal 

25 Revenue Code of 1986. 


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1 ‘‘(2) REPORTING REQUIREMENT.—Not later 

2 than 30 days after the date of receipt of a notice of 

3 any application for, or receipt of, a covered payment 

4 by a covered person (including any business owned 

5 and controlled by the covered person), but in no case 

6 later than 45 days after the date on which the cov7 ered payment is made or promised to be made, the 

8 covered person shall submit to the applicable super9 vising ethics office a report describing the covered 

10 payment. 

11 ‘‘(3) FINE FOR FAILURE TO REPORT.—Not12 withstanding section 13106(d), a covered person 

13 shall be assessed a fine, pursuant to regulations 

14 issued by the applicable supervising ethics office, of 

15 $5,000 in each case in which the covered person fails 

16 to file a report required under this subsection.’’. 

17 (b) REPORT CONTENTS.—Section 13104 of title 5, 

18 United States Code, is amended by adding at the end the 

19 following: 

20 ‘‘(j) PAYMENTS FROM FEDERAL GOVERNMENT.— 

21 Each report filed pursuant to subsection (i) of section 

22 13103 shall include— 

23 ‘‘(1) an identification of each type of payment 

24 or item of value applied for, or received, from the 

25 Federal Government; 


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1 ‘‘(2)(A) the name of each recipient of each pay2 ment or item of value identified under paragraph 

3 (1); and 

4 ‘‘(B) the relationship of each recipient named 

5 under subparagraph (A) to the person filing the re6 port; 

7 ‘‘(3) a description of the date on which, as ap8 plicable— 

9 ‘‘(A) an application for a payment or other 

10 item of value was submitted to the Federal 

11 Government; and 

12 ‘‘(B) the payment or item of value was re13 ceived from the Federal Government; and 

14 ‘‘(4) a description of the amount of each appli15 cable payment or item of value.’’. 

16 (c) TECHNICAL AND CONFORMING AMENDMENTS.— 

17 (1) PERSONS REQUIRED TO FILE.—Section 

18 13103(f) of title 5, United States Code, is amend19 ed— 

20 (A) in paragraph (9), by striking ‘‘as de21 fined in section 13101 of this title’’; 

22 (B) in paragraph (10), by striking ‘‘as de23 fined in section 13101 of this title’’; 

24 (C) in paragraph (11), by striking ‘‘as de25 fined in section 13101 of this title’’; and 


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1 (D) in paragraph (12), by striking ‘‘as de2 fined in section 13101 of this title’’. 

3 (2) CONTENTS OF REPORTS.—Section 13104(a) 

4 of title 5, United States Code, is amended in the 

5 matter preceding paragraph (1), by striking ‘‘section 

6 13103(d) and (e)’’ and inserting ‘‘subsection (d) or 

7 (e) of section 13103’’. 

8 (d) EFFECTIVE DATE.—The amendments made by 

9 this section shall apply to relevant applications submitted 

10 to, and payments made or promised to be made by, the 

11 Federal Government on or after the date that is 90 days 

12 after the date of enactment of this Act. 

13 SEC. 3. INCLUSION OF FEDERAL RESERVE OFFICIALS. 

14 (a) IN GENERAL.—Notwithstanding any other provi15 sion of law, each provision of law described in subsection 

16 (b) shall apply to a president, vice president, or director 

17 of a Federal Reserve bank. 

18 (b) DESCRIPTION OF PROVISIONS OF LAW.—The 

19 provisions of law referred to in subsection (a) are— 

20 (1) subchapter I of chapter 131 of title 5, 

21 United States Code; 

22 (2) the STOCK Act (Public Law 112–105; 126 

23 Stat. 291; 126 Stat. 1310; 127 Stat. 438; 132 Stat. 

24 4167); and 


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1 (3) subsections (h) and (i) of section 21A of the 

2 Securities Exchange Act of 1934 (15 U.S.C. 78u–1). 

3 (c) SUPERVISING ETHICS OFFICE.—For purposes of 

4 this section and the provisions of law described in sub5 section (b), the supervising ethics office for a president 

6 of a Federal Reserve bank, vice president of a Federal Re7 serve bank, or director of a Federal Reserve bank shall 

8 be the Inspector General of the Board of Governors of the 

9 Federal Reserve System and the Bureau of Consumer Fi10 nancial Protection. 

11 SEC. 4. PENALTY FOR NONCOMPLIANCE. 

12 (a) IN GENERAL.—Section 13106(a)(2)(B)(ii) of title 

13 5, United States Code, is amended by striking ‘‘fined 

14 under title 18’’ and inserting ‘‘fined $1,000 in each case 

15 in which the individual fails to file a transaction report 

16 required under this Act’’. 

17 (b) RULES, REGULATIONS, GUIDANCE, AND DOCU18 MENTS.—Not later than 1 year after the date of enact19 ment of this Act, each supervising ethics office (as defined 

20 in section 2 of the STOCK Act (5 U.S.C. 13101 

21 note))(including the Administrative Office of the United 

22 States Courts, as applicable) shall amend the rules, regu23 lations, guidance, documents, papers, and other records 

24 of the supervising ethics office in accordance with the 

25 amendment made by this section. 


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1 SEC. 5. BANNING CONFLICTED INTERESTS. 

2 (a) IN GENERAL.— 

3 (1) BANNING CONFLICTED INTERESTS.—Chap4 ter 131 of title 5, United States Code, is amended 

5 by adding at the end the following: 

6 ‘‘Subchapter IV—Banning Conflicted 

7 Interests 

8 ‘‘§ 13161. Definitions 

9 ‘‘In this subchapter: 

10 ‘‘(1) COMMODITY.—The term ‘commodity’ has 

11 the meaning given the term in section 1a of the 

12 Commodity Exchange Act (7 U.S.C. 1a). 

13 ‘‘(2) COVERED FINANCIAL INTEREST.— 

14 ‘‘(A) IN GENERAL.—The term ‘covered fi15 nancial interest’ means— 

16 ‘‘(i) any investment in— 

17 ‘‘(I) a security (as defined in sec18 tion 3(a) of Securities Exchange Act 

19 of 1934 (15 U.S.C. 78c(a))); 

20 ‘‘(II) a future; 

21 ‘‘(III) a commodity (as defined in 

22 section 1a of the Commodity Ex23 change Act (7 U.S.C. 1a)); or 

24 ‘‘(IV) cryptocurrency, such as a 

25 coin or token— 


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1 ‘‘(aa) received in connection 

2 with an initial coin offering; or 

3 ‘‘(bb) issued or distributed 

4 using distributed ledger or 

5 blockchain technology; and 

6 ‘‘(ii) any economic interest com7 parable to an interest described in clause 

8 (i) that is acquired through synthetic 

9 means, such as the use of a derivative, in10 cluding an option, warrant, or other simi11 lar means. 

12 ‘‘(B) EXCLUSIONS.—The term ‘covered fi13 nancial interest’ does not include— 

14 ‘‘(i) an investment fund registered as 

15 an investment company under section 3 of 

16 the Investment Company Act of 1940 (15 

17 U.S.C. 80a–3) that is diversified as defined 

18 in section 2640.102 of title 5, Code of 

19 Federal Regulations; 

20 ‘‘(ii) compensation from the primary 

21 occupation of the spouse of an individual 

22 described in subparagraphs (A) through 

23 (G) of paragraph (3), or any security that 

24 is issued or paid by an operating business 

25 that is the primary employer of such a 


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1 spouse that is issued or paid to such a 

2 spouse; or 

3 ‘‘(iii) a United States Treasury bill, 

4 note, or bond. 

5 ‘‘(3) COVERED INDIVIDUAL.—The term ‘cov6 ered individual’ means— 

7 ‘‘(A) a Member of Congress (as defined in 

8 section 13101); 

9 ‘‘(B) the President; 

10 ‘‘(C) the Vice President; 

11 ‘‘(D) the Chief Justice of the United 

12 States; 

13 ‘‘(E) an Associate Justice of the Supreme 

14 Court of the United States; 

15 ‘‘(F) a member of the Board of Governors 

16 of the Federal Reserve System; 

17 ‘‘(G) a president or vice president of a 

18 Federal Reserve bank; or 

19 ‘‘(H) the spouse or dependent child of an 

20 individual described in subparagraphs (A) 

21 through (G). 

22 ‘‘(4) DEPENDENT CHILD.—The term ‘depend23 ent child’ means any individual who is— 

24 ‘‘(A) under the age of 19; and 


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1 ‘‘(B) a dependent of an individual de2 scribed in subparagraphs (A) through (G) of 

3 paragraph (3) within the meaning of section 

4 152 of the Internal Revenue Code of 1986. 

5 ‘‘(5) FUTURE.—The term ‘future’ means— 

6 ‘‘(A) a security future (as defined in sec7 tion 3(a) of Securities Exchange Act of 1934 

8 (15 U.S.C. 78c(a))); and 

9 ‘‘(B) any other contract for the sale of a 

10 commodity for future delivery. 

11 ‘‘(6) SUPERVISING ETHICS OFFICE.—The term 

12 ‘supervising ethics office’, with respect to a covered 

13 individual, has the meaning given the term in section 

14 13101 with respect to that covered individual. 

15 ‘‘§ 13162. Prohibitions 

16 ‘‘(a) TRANSACTIONS.—Except as provided in section 

17 13163, no covered individual may— 

18 ‘‘(1) hold, purchase, sell, or conduct any type of 

19 transaction with respect to a covered financial inter20 est; or 

21 ‘‘(2) enter into a transaction that creates a net 

22 short position in any security. 

23 ‘‘(b) POSITIONS.—A covered individual may not serve 

24 as an officer or member of any board of any for-profit 

25 association, corporation, or other entity. 


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1 ‘‘(c) COOLING-OFF PERIOD.—Any individual subject 

2 to the restrictions contained in subsection (a) who, within 

3 120 days after such individual ceases to be a covered indi4 vidual, engages in any of the actions under such sub5 section, shall be in violation of this subchapter. 

6 ‘‘§ 13163. Divestiture 

7 ‘‘(a) COVERED FINANCIAL INTERESTS ACQUIRED

8 PRIOR TO FEDERAL SERVICE OR ENACTMENT OF STOCK 

9 ACT 2.0.—With respect to any covered financial interest 

10 held by a covered individual, the covered individual shall 

11 sell the covered financial interest during the applicable 

12 120-day period beginning on the later of— 

13 ‘‘(1) the date on which an individual becomes a 

14 covered individual; and 

15 ‘‘(2) the date of enactment of STOCK Act 2.0. 

16 ‘‘(b) COVERED FINANCIAL INTERESTS ACQUIRED

17 THROUGH INHERITANCE AFTER THE APPLICABLE PE18 RIOD.— 

19 ‘‘(1) IN GENERAL.—A covered individual who 

20 inherits a covered financial interest after the conclu21 sion of the applicable 120-day period described in 

22 subsection (a) shall sell the covered financial interest 

23 during the 120-day period beginning on the date on 

24 which the covered financial interest is inherited. 


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1 ‘‘(2) EXTENSIONS.—A covered individual may 

2 request, and the supervising ethics office may grant, 

3 1 or more reasonable extensions of the period de4 scribed under paragraph (1), subject to the condi5 tions that— 

6 ‘‘(A) the total period of time covered by all 

7 extensions granted for the covered financial in8 terest shall not exceed 150 days; and 

9 ‘‘(B) the period covered by a single exten10 sion shall be not longer than 45 days. 

11 ‘‘§ 13164. Certificate of compliance 

12 ‘‘Each covered individual shall submit to the super13 vising ethics office a written certification that such covered 

14 individual has achieved compliance with the requirements 

15 of this subchapter. 

16 ‘‘§ 13165. Publication 

17 ‘‘Each supervising ethics office shall make publicly 

18 available on a website of such office the following: 

19 ‘‘(1) Within 30 days of receipt, each request for 

20 an extension under section 13163(b)(2). 

21 ‘‘(2) The outcome of the decision to grant or 

22 deny each such request within 30 days of such deci23 sion. 


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1 ‘‘§ 13166. Enforcement 

2 ‘‘A covered individual who knowingly fails to comply 

3 with this subchapter shall be assessed a fine by the super4 vising ethics office of not less than 10 percent of the value 

5 of the covered financial interest that was purchased, sold, 

6 or held, or the security in which a net short position was 

7 created, in violation of this title, as applicable. 

8 ‘‘§ 13167. Applicability 

9 ‘‘This subchapter shall apply to any covered financial 

10 interest held in any trust with respect to which the covered 

11 individual is a beneficial owner, regardless of whether the 

12 trust is a qualified blind trust.’’. 

13 (2) CLERICAL AMENDMENT.—The table of sec14 tions for chapter 131 of title 5, United States Code, 

15 is amended by adding at the end the following: 

SUBCHAPTER IV—BANNING CONFLICTED INTERESTS

Sec. 13161. Definitions. 

Sec. 13162. Prohibitions. 

Sec. 13163. Divestiture. 

Sec. 13164. Certificate of compliance. 

Sec. 13165. Publication. 

Sec. 13166. Enforcement. 

Sec. 13167. Applicability. 

16 (b) CERTIFICATE OF DIVESTITURE.—Section 

17 1043(b)(2)(B) of the Internal Revenue Code of 1986 is 

18 amended to read as follows: 

19 ‘‘(B) that has been issued by— 

20 ‘‘(i) the President or the Director of 

21 the Office of Government Ethics, in the 


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1 case of executive branch officers or employ2 ees or the spouse or dependent child of a 

3 member of the Board of Governors of the 

4 Federal Reserve System, 

5 ‘‘(ii) the Director of the Office of Gov6 ernment Ethics, in the case of the Presi7 dent, Vice President, or the spouse or de8 pendent child of the President or Vice 

9 President, 

10 ‘‘(iii) the Judicial Conference of the 

11 United States (or its designee), in the case 

12 of judicial officers or the spouse or depend13 ent child of the Chief Justice or the Asso14 ciate Justice, 

15 ‘‘(iv) the applicable congressional eth16 ics committee, in the case of Members of 

17 Congress or the spouse or dependent child 

18 of a Member of Congress, or 

19 ‘‘(v) the Inspector General of the 

20 Board of Governors of the Federal Reserve 

21 System and the Bureau of Consumer Fi22 nancial Protection, in the case of a presi23 dent of a Federal Reserve bank, vice presi24 dent of a Federal Reserve bank, or the 

25 spouse or dependent child of the president 


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1 or vice president of a Federal Reserve 

2 Bank, and’’. 

3 (c) CONFORMING AMENDMENTS.— 

4 (1) AUTHORITY AND FUNCTIONS.—Section 

5 13122(f)(2)(B) of title 5, United States Code, is 

6 amended— 

7 (A) by striking ‘‘Subject to clause (iv) of 

8 this subparagraph, before’’ each place it ap9 pears and inserting ‘‘Before’’; and 

10 (B) by striking clause (iv). 

11 (2) LOBBYING DISCLOSURE ACT OF 1995.—Sec12 tion 3(4)(D) of the Lobbying Disclosure Act of 1995 

13 (2 U.S.C. 1602(4)(D)) is amended by striking ‘‘leg14 islative branch employee serving in a position de15 scribed under section 13101(13) of title 5, United 

16 States Code’’ and inserting ‘‘officer or employee of 

17 Congress (as defined in section 13101 of title 5, 

18 United States Code)’’. 

19 (3) STOCK ACT.—Section 2 of the STOCK Act 

20 (5 U.S.C. 13101 note) is amended— 

21 (A) in paragraph (2)(B), by striking 

22 ‘‘(11)’’; 

23 (B) in paragraph (4), by striking ‘‘(10)’’; 

24 (C) in paragraph (5), by striking ‘‘(9)’’; 

25 and 


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1 (D) in paragraph (6), by striking ‘‘(18)’’. 

2 (4) SECURITIES EXCHANGE ACT OF 1934.—Sec3 tion 21A of the Securities Exchange Act of 1934 (15 

4 U.S.C. 78u–1) is amended— 

5 (A) in subsection (g)(2)(B)(ii), by striking 

6 ‘‘(11)’’; and 

7 (B) in subsection (h)(2)— 

8 (i) in subparagraph (B), by striking 

9 ‘‘(9)’’; and 

10 (ii) in subparagraph (C), by striking 

11 ‘‘(10)’’. 

12 SEC. 6. ELECTRONIC FILING AND ONLINE PUBLIC AVAIL13 ABILITY OF FINANCIAL DISCLOSURE FORMS. 

14 (a) MEMBERS OF CONGRESS AND CONGRESSIONAL

15 STAFF.—Section 8(b)(1) of the STOCK Act (5 U.S.C. 

16 13107 note) is amended— 

17 (1) in the matter preceding subparagraph (A), 

18 by inserting ‘‘, pursuant to chapter 131 of title 5, 

19 United States Code, through databases maintained 

20 on the official websites of the Senate and House of 

21 Representatives’’ after ‘‘enable’’; 

22 (2) in subparagraph (A), by striking ‘‘reports 

23 received by them pursuant to section 13105(h)(1)(A) 

24 of title 5, United States Code, and’’ and inserting 


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1 ‘‘each report received under section 13105(h)(1)(A) 

2 of title 5, United States Code; and’’; and 

3 (3) by striking subparagraph (B) and the un4 designated matter following that subparagraph and 

5 inserting the following: 

6 ‘‘(B) public access— 

7 ‘‘(i) to each— 

8 ‘‘(I) financial disclosure report 

9 filed by a Member of Congress or a 

10 candidate for Congress; 

11 ‘‘(II) transaction disclosure re12 port filed by a Member of Congress or 

13 a candidate for Congress pursuant to 

14 section 13105(l) of title 5, United 

15 States Code; and 

16 ‘‘(III) notice of extension, amend17 ment, or blind trust, with respect to a 

18 report described in subclause (I) or 

19 (II), pursuant to chapter 131 of title 

20 5, United States Code; and 

21 ‘‘(ii) in a manner that— 

22 ‘‘(I) allows the public to search, 

23 sort, and download data contained in 

24 the reports described in subclause (I) 

25 or (II) of clause (i) by criteria reVerDate Sep 11 2014 02:40 Jan 04, 2024 Jkt 049200 PO 00000 Frm 00018 Fmt 6652 Sfmt 6201 E:\BILLS\S3555.IS S3555

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1 quired to be reported, including by 

2 filer name, asset, transaction type, 

3 ticker symbol, notification date, 

4 amount of transaction, and date of 

5 transaction; 

6 ‘‘(II) allows access through an 

7 application programming interface; 

8 and 

9 ‘‘(III) is fully compliant with— 

10 ‘‘(aa) section 508 of the Re11 habilitation Act of 1973 (29 

12 U.S.C. 794d); and 

13 ‘‘(bb) the most recent Web 

14 Content Accessibility Guidelines 

15 (or successor guidelines).’’. 

16 (b) VERY SENIOR EXECUTIVE BRANCH EMPLOY17 EES.—Section 11(b)(1) of the STOCK Act (Public Law 

18 112–105; 126 Stat. 299) is amended— 

19 (1) in the matter preceding subparagraph (A), 

20 by inserting ‘‘, pursuant to chapter 131 of title 5, 

21 United States Code, through databases maintained 

22 on the official website of the Office of Government 

23 Ethics’’ after ‘‘enable’’; and 


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1 (2) by striking subparagraph (B) and the un2 designated matter following that subparagraph and 

3 inserting the following: 

4 ‘‘(B) public access— 

5 ‘‘(i) to each— 

6 ‘‘(I) financial disclosure report 

7 filed by the President, Vice President, 

8 or an officer occupying a position list9 ed in section 5312 or 5313 of title 5, 

10 United States Code, having been nom11 inated by the President and confirmed 

12 by the Senate to that position; 

13 ‘‘(II) transaction disclosure re14 port filed by an individual described in 

15 subclause (I) pursuant to section 

16 13105(l) of title 5, United States 

17 Code; and 

18 ‘‘(III) notice of extension, amend19 ment, or blind trust, with respect to a 

20 report described in subclause (I) or 

21 (II), pursuant to chapter 131 of title 

22 5, United States Code; and 

23 ‘‘(ii) in a manner that— 

24 ‘‘(I) allows the public to search, 

25 sort, and download data contained in 


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1 the reports described in subclause (I) 

2 or (II) of clause (i) by criteria re3 quired to be reported, including by 

4 filer name, asset, transaction type, 

5 ticker symbol, notification date, 

6 amount of transaction, and date of 

7 transaction; 

8 ‘‘(II) allows access through an 

9 application programming interface; 

10 and 

11 ‘‘(III) is fully compliant with— 

12 ‘‘(aa) section 508 of the Re13 habilitation Act of 1973 (29 

14 U.S.C. 794d); and 

15 ‘‘(bb) the most recent Web 

16 Content Accessibility Guidelines 

17 (or successor guidelines).’’. 

18 (c) JUDICIAL OFFICERS.—Section 9 of the STOCK 

19 Act (Public Law 112–105; 126 Stat. 297) is amended by 

20 adding at the end the following: 

21 ‘‘(c) JUDICIAL OFFICERS.— 

22 ‘‘(1) IN GENERAL.—Subject to paragraph (6), 

23 not later than 1 year after the date of enactment of 

24 this subsection, the Administrative Office of the 

25 United States Courts shall develop a system to enVerDate Sep 11 2014 02:40 Jan 04, 2024 Jkt 049200 PO 00000 Frm 00021 Fmt 6652 Sfmt 6201 E:\BILLS\S3555.IS S3555

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1 able, pursuant to chapter 131 of title 5, United 

2 States Code, through a database maintained on the 

3 official website of the Administrative Office of the 

4 United States Courts— 

5 ‘‘(A) electronic filing of reports received 

6 from judicial officers pursuant to that chapter; 

7 and 

8 ‘‘(B) public access— 

9 ‘‘(i) to each— 

10 ‘‘(I) financial disclosure report 

11 filed by a judicial officer; 

12 ‘‘(II) transaction disclosure re13 port filed by a judicial officer pursu14 ant to section 13105(l) of title 5, 

15 United States Code; and 

16 ‘‘(III) notice of extension, amend17 ment, or blind trust, with respect to a 

18 report described in subclause (I) or 

19 (II), pursuant to chapter 131 of title 

20 5, United States Code; and 

21 ‘‘(ii) in a manner that— 

22 ‘‘(I) allows the public to search, 

23 sort, and download data contained in 

24 a report described in clause (i) by cri25 teria required to be reported, includVerDate Sep 11 2014 02:40 Jan 04, 2024 Jkt 049200 PO 00000 Frm 00022 Fmt 6652 Sfmt 6201 E:\BILLS\S3555.IS S3555

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1 ing by filer name, asset, transaction 

2 type, ticker symbol, notification date, 

3 amount of transaction, and date of 

4 transaction; 

5 ‘‘(II) allows access through an 

6 application programming interface; 

7 and 

8 ‘‘(III) is fully compliant with— 

9 ‘‘(aa) section 508 of the Re10 habilitation Act of 1973 (29 

11 U.S.C. 794d); and 

12 ‘‘(bb) the most recent Web 

13 Content Accessibility Guidelines 

14 (or successor guidelines). 

15 ‘‘(2) LOGIN.—For purposes of filings under 

16 paragraph (1)(B), section 13107(b)(2) of title 5, 

17 United States Code, shall not apply. 

18 ‘‘(3) PUBLIC AVAILABILITY.—The electronic 

19 availability of filings under paragraph (1)(B) on the 

20 official website of the Administrative Office of the 

21 United States Courts shall be deemed to meet the 

22 public availability requirement under section 

23 13107(b)(1) of title 5, United States Code. 

24 ‘‘(4) FILERS COVERED.—Each judicial officer 

25 who is required under chapter 131 of title 5, United 


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1 States Code, to file a financial disclosure report with 

2 a supervising ethics office shall be able to file that 

3 report electronically using the applicable system de4 veloped under this subsection. 

5 ‘‘(5) EXTENSIONS.—Each notice of an exten6 sion for a financial disclosure covered by this sub7 section shall be made available electronically under 

8 paragraph (1)(B), together with any related disclo9 sure. 

10 ‘‘(6) ADDITIONAL TIME.—The requirements of 

11 this subsection may be implemented after the date 

12 described in paragraph (1) if the Administrative Of13 fice of the United States Courts identifies in writing 

14 to the relevant congressional committees the addi15 tional time needed for that implementation.’’. 

16 (d) OFFICERS OF FEDERAL RESERVE BANKS.—Sec17 tion 9 of the STOCK Act (Public Law 112–105; 126 Stat. 

18 297) (as amended by subsection (c)) is amended by adding 

19 at the end the following: 

20 ‘‘(d) OFFICERS OF FEDERAL RESERVE BANKS.— 

21 ‘‘(1) DEFINITIONS.—In this subsection: 

22 ‘‘(A) COVERED PERSON.—The term ‘cov23 ered person’ means— 

24 ‘‘(i) a president of a Federal Reserve 

25 bank; 


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1 ‘‘(ii) a vice president of a Federal Re2 serve bank; 

3 ‘‘(iii) a director of a Federal Reserve 

4 bank; or 

5 ‘‘(iv) the spouse or dependent child of 

6 an individual described in clause (i), (ii), or 

7 (iii). 

8 ‘‘(B) DEPENDENT CHILD.—The term ‘de9 pendent child’ means any individual who is— 

10 ‘‘(i) under the age of 19; and 

11 ‘‘(ii) a dependent of an individual de12 scribed in clause (i), (ii), or (iii) of sub13 paragraph (A) within the meaning of sec14 tion 152 of the Internal Revenue Code of 

15 1986. 

16 ‘‘(C) SUPERVISING ETHICS OFFICE.—The 

17 term ‘supervising ethics office’ means the In18 spector General of the Board of Governors of 

19 the Federal Reserve System and the Bureau of 

20 Consumer Financial Protection. 

21 ‘‘(2) ELECTRONIC FILING AND ONLINE PUBLIC

22 AVAILABILITY OF FINANCIAL DISCLOSURE FORMS.— 

23 ‘‘(A) IN GENERAL.—Subject to subpara24 graph (F), not later than 1 year after the date 

25 of enactment of this subsection, the supervising 


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•S 3555 IS

1 ethics office shall develop a system to enable, 

2 pursuant to chapter 131 of title 5, United 

3 States Code, through a database maintained on 

4 the official website of the supervising ethics of5 fice— 

6 ‘‘(i) electronic filing of reports re7 ceived from covered persons pursuant to 

8 that chapter; and 

9 ‘‘(ii) public access— 

10 ‘‘(I) to each— 

11 ‘‘(aa) financial disclosure re12 port filed by a covered person; 

13 ‘‘(bb) transaction disclosure 

14 report filed by a covered person 

15 pursuant to section 13105(l) of 

16 title 5, United States Code; and 

17 ‘‘(cc) notice of extension, 

18 amendment, or blind trust, with 

19 respect to a report described in 

20 item (aa) or (bb), pursuant to 

21 that chapter; and 

22 ‘‘(II) in a manner that— 

23 ‘‘(aa) allows the public to 

24 search, sort, and download data 

25 contained in a report described in 


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1 subclause (I) by criteria required 

2 to be reported, including by filer 

3 name, asset, transaction type, 

4 ticker symbol, notification date, 

5 amount of transaction, and date 

6 of transaction; 

7 ‘‘(bb) allows access through 

8 an application programming 

9 interface; and 

10 ‘‘(cc) is fully compliant 

11 with— 

12 ‘‘(AA) section 508 of 

13 the Rehabilitation Act of 

14 1973 (29 U.S.C. 794d); and 

15 ‘‘(BB) the most recent 

16 Web Content Accessibility 

17 Guidelines (or successor 

18 guidelines). 

19 ‘‘(B) LOGIN.—For purposes of filings 

20 under subparagraph (A)(ii), section 

21 13107(b)(2) of title 5, United States Code, 

22 shall not apply. 

23 ‘‘(C) PUBLIC AVAILABILITY.—The elec24 tronic availability of filings under subparagraph 

25 (A)(ii) on the official website of a supervising 


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1 ethics office shall be deemed to meet the public 

2 availability requirement under section 

3 13107(b)(1) of title 5, United States Code. 

4 ‘‘(D) FILERS COVERED.—Each covered 

5 person who is required under chapter 131 of 

6 title 5, United States Code, to file a financial 

7 disclosure report with a supervising ethics office 

8 shall be able to file that report electronically 

9 using the applicable system developed under 

10 this paragraph. 

11 ‘‘(E) EXTENSIONS.—Each notice of an ex12 tension for a financial disclosure covered by this 

13 paragraph shall be made available electronically 

14 under subparagraph (A)(ii), together with any 

15 related disclosure. 

16 ‘‘(F) ADDITIONAL TIME.—The require17 ments of this paragraph may be implemented 

18 after the date described in subparagraph (A) if 

19 a supervising ethics office identifies in writing 

20 to the relevant congressional committees the ad21 ditional time needed for that implementation.’’. 

22 (e) APPLICABILITY.—The amendments made by this 

23 section shall apply on and after the date that is 18 months 

24 after the date of enactment of this Act. 

Æ 


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