112TH CONGRESS 

2D SESSION S. 3625 

AN ACT 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 
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†S 3625 ES

1 SECTION 1. CHANGED EFFECTIVE DATE FOR FINANCIAL 

2 DISCLOSURE FORMS OF CERTAIN OFFICERS 

3 AND EMPLOYEES. 

4 (a) IN GENERAL.—Except with respect to financial 

5 disclosure forms filed by officers and employees referred 

6 to in subsection (b), section 8(a)(1) and section 11(a)(1) 

7 of the STOCK Act (5 U.S.C. App. 105 note) shall take 

8 effect on December 8, 2012. 

9 (b) FINANCIAL DISCLOSURE FORMS NOT SUBJECT

10 TO NEW EFFECTIVE DATE.—Financial disclosure forms 

11 filed by the following individuals shall not be subject to 

12 the effective date under this section: 

13 (1) The President. 

14 (2) The Vice President. 

15 (3) Any Member of Congress. 

16 (4) Any candidate for Congress. 

17 (5) Any officer occupying a position listed in 

18 section 5312 or section 5313 of title 5, United 

19 States Code, having been nominated by the Presi20 dent and confirmed by the Senate to that position. 

21 SEC. 2. STUDY AND REPORT. 

22 (a) IN GENERAL.—Not later than 30 days after the 

23 date of enactment of this Act, the Director of the Office 

24 of Personnel Management shall contract with the National 

25 Academy of Public Administration (referred to in this sec26 tion as the ‘‘National Academy’’) to— 
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†S 3625 ES

1 (1) conduct a study of issues raised by website 

2 publication of financial disclosure forms as is re3 quired under the STOCK Act (Public Law 112–105; 

4 126 Stat. 291); and 

5 (2) issue a report containing findings and rec6 ommendations. 

7 (b) SCOPE OF STUDY.—The study conducted under 

8 subsection (a)(1) shall— 

9 (1) examine the nature, scope, and degree of 

10 risk, including risk of harm to national security, law 

11 enforcement, or other Federal missions and risk of 

12 endangerment, including to personal safety and se13 curity, financial security (such as through identity 

14 theft), and privacy, of officers and employees and 

15 their family members, that may be posed by website 

16 and other publication of financial disclosure forms 

17 and associated personal information; 

18 (2) examine any harm that may have arisen 

19 from the current online availability of financial dis20 closure forms and associated personal information of 

21 employees of the legislative branch, including any 

22 harm to national security, law enforcement, or other 

23 Federal missions and any endangerment that may 

24 have occurred, including to personal safety and secu25 rity, financial security (such as through identity 
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†S 3625 ES

1 theft), and privacy, of such legislative branch offi2 cers and employees or their family members; and 

3 (3) include any other analysis that the National 

4 Academy believes is necessary or desirable on the 

5 topic of the study. 

6 (c) REPORT.—Not later than 6 months after the date 

7 of enactment of this Act, the National Academy shall sub8 mit to Congress and the President a report that con9 tains— 

10 (1) the findings of the study conducted under 

11 subsection (a)(1); 

12 (2) recommendations for ways to avoid or miti13 gate the risks identified in the study conducted 

14 under subsection (a)(1), consistent with the goal of 

15 providing appropriate public disclosure of potential 

16 conflicts of interest or instances of insider trading 

17 by Federal officers or employees; and 

18 (3) any other recommendations that the Na19 tional Academy believes are necessary or desirable. 

20 SEC. 3. PERIODIC TRANSACTION REPORTS FOR TRANS21 ACTIONS OF SPOUSES AND CHILDREN. 

22 (a) IN GENERAL.— 

23 (1) DATE REPORTING REQUIREMENT COM24 MENCES IN HOUSE OF REPRESENTATIVES AND EX25 ECUTIVE BRANCH.—Section 2 of the Act entitled 
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1 ‘‘An Act to prevent harm to the national security or 

2 endangering the military officers and civilian em3 ployees to whom internet publication of certain in4 formation applies, and for other purposes’’, approved 

5 August 16, 2012 (5 U.S.C. App. 103 note), is 

6 amended by striking ‘‘September 30, 2012’’ and in7 serting ‘‘January 1, 2013’’. 

8 (2) EXTENSION TO EXECUTIVE BRANCH.—Sec9 tion 2 of the Act entitled ‘‘An Act to prevent harm 

10 to the national security or endangering the military 

11 officers and civilian employees to whom internet 

12 publication of certain information applies, and for 

13 other purposes’’, approved August 16, 2012 (5 

14 U.S.C. App. 103 note), is amended by striking ‘‘for 

15 reporting individuals’’ and all that follows through 

16 ‘‘House of Representatives’’. 

17 (3) TECHNICAL AND CONFORMING AMEND18 MENT.—Section 2 of the Act entitled ‘‘An Act to 

19 prevent harm to the national security or endangering 

20 the military officers and civilian employees to whom 

21 internet publication of certain information applies, 

22 and for other purposes’’, approved August 16, 2012 

23 (5 U.S.C. App. 103 note), is amended by striking 

24 ‘‘such section 101’’ and inserting ‘‘section 101 of 

25 such Act (5 U.S.C. App. 101)’’. 
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†S 3625 ES

1 (b) EFFECTIVE DATE; RULE OF CONSTRUCTION.— 

2 (1) EFFECTIVE DATE.—The amendments made 

3 by subsection (a) shall take effect on January 1, 

4 2013. 

5 (2) RULE OF CONSTRUCTION.—Before January 

6 1, 2013, the amendments made by subsection (a) 

7 shall not affect the applicability of section 2 of the 

8 Act entitled ‘‘An Act to prevent harm to the national 

9 security or endangering the military officers and ci10 vilian employees to whom internet publication of cer11 tain information applies, and for other purposes’’, 

12 approved August 16, 2012 (5 U.S.C. App. 103 

13 note), as in effect on the day before the effective 

14 date under paragraph (1). 

15 (c) SAVINGS CLAUSE.—Nothing in the amendments 

16 made by subsection (a) shall be construed as affecting any 

17 requirement with respect to the House of Representatives 

18 or the executive branch in effect before January 1, 2013, 

19 with respect to the inclusion of transaction information for 

20 a report under section 103(l) of the Ethics in Government 

21 Act of 1978 (5 U.S.C. App. 103(l)). 

22 (d) NO CHANGE TO EXISTING SENATE REQUIRE23 MENTS.—Nothing in this section or the amendments made 

24 this section shall be construed as affecting the require25 ment that took effect with respect to the Senate on July 
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1 3, 2012, which mandates the inclusion of transaction in2 formation for spouses and dependent children for a report 

3 under section 103(l) of the Ethics in Government Act of 

4 1978 (5 U.S.C. App. 103(l)). 

Passed the Senate September 22 (legislative day, 

September 21), 2012. 

Attest: 

Secretary. 
112TH CONGRESS 

2D SESSION S. 3625 

AN ACT 

To change the effective date for the internet publiposes. lication requirement applies, and for other pur- officers and civilian employees to whom the pub- the national security or endangering the military cation of certain information to prevent harm to