II 

112TH CONGRESS 

2D SESSION S. 3625 

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. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 22 (legislative day, SEPTEMBER 21), 2012 

Mr. LIEBERMAN (for himself and Ms. COLLINS) introduced the following bill; 

which was read twice, considered, read the third time, and passed 

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. 

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

3 SECTION 1. CHANGED EFFECTIVE DATE FOR FINANCIAL 

4 DISCLOSURE FORMS OF CERTAIN OFFICERS 

5 AND EMPLOYEES. 

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

7 disclosure forms filed by officers and employees referred 

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

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

3 effect on December 8, 2012. 

4 (b) FINANCIAL DISCLOSURE FORMS NOT SUBJECT

5 TO NEW EFFECTIVE DATE.—Financial disclosure forms 

6 filed by the following individuals shall not be subject to 

7 the effective date under this section: 

8 (1) The President. 

9 (2) The Vice President. 

10 (3) Any Member of Congress. 

11 (4) Any candidate for Congress. 

12 (5) Any officer occupying a position listed in 

13 section 5312 or section 5313 of title 5, United 

14 States Code, having been nominated by the Presi15 dent and confirmed by the Senate to that position. 

16 SEC. 2. STUDY AND REPORT. 

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

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

19 of Personnel Management shall contract with the National 

20 Academy of Public Administration (referred to in this sec21 tion as the ‘‘National Academy’’) to— 

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

23 publication of financial disclosure forms as is re24 quired under the STOCK Act (Public Law 112–105; 

25 126 Stat. 291); and 

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1 (2) issue a report containing findings and rec2 ommendations. 

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

4 subsection (a)(1) shall— 

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

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

7 enforcement, or other Federal missions and risk of 

8 endangerment, including to personal safety and se9 curity, financial security (such as through identity 

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

11 their family members, that may be posed by website 

12 and other publication of financial disclosure forms 

13 and associated personal information; 

14 (2) examine any harm that may have arisen 

15 from the current online availability of financial dis16 closure forms and associated personal information of 

17 employees of the legislative branch, including any 

18 harm to national security, law enforcement, or other 

19 Federal missions and any endangerment that may 

20 have occurred, including to personal safety and secu21 rity, financial security (such as through identity 

22 theft), and privacy, of such legislative branch offi23 cers and employees or their family members; and 

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1 (3) include any other analysis that the National 

2 Academy believes is necessary or desirable on the 

3 topic of the study. 

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

5 of enactment of this Act, the National Academy shall sub6 mit to Congress and the President a report that con7 tains— 

8 (1) the findings of the study conducted under 

9 subsection (a)(1); 

10 (2) recommendations for ways to avoid or miti11 gate the risks identified in the study conducted 

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

13 providing appropriate public disclosure of potential 

14 conflicts of interest or instances of insider trading 

15 by Federal officers or employees; and 

16 (3) any other recommendations that the Na17 tional Academy believes are necessary or desirable. 

18 SEC. 3. PERIODIC TRANSACTION REPORTS FOR TRANS19 ACTIONS OF SPOUSES AND CHILDREN. 

20 (a) IN GENERAL.— 

21 (1) DATE REPORTING REQUIREMENT COM22 MENCES IN HOUSE OF REPRESENTATIVES AND EX23 ECUTIVE BRANCH.—Section 2 of the Act entitled 

24 ‘‘An Act to prevent harm to the national security or 

25 endangering the military officers and civilian emmstockstill on DSK4VPTVN1PROD with BILLS

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1 ployees to whom internet publication of certain in2 formation applies, and for other purposes’’, approved 

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

4 amended by striking ‘‘September 30, 2012’’ and in5 serting ‘‘January 1, 2013’’. 

6 (2) EXTENSION TO EXECUTIVE BRANCH.—Sec7 tion 2 of the Act entitled ‘‘An Act to prevent harm 

8 to the national security or endangering the military 

9 officers and civilian employees to whom internet 

10 publication of certain information applies, and for 

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

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

13 reporting individuals’’ and all that follows through 

14 ‘‘House of Representatives’’. 

15 (3) TECHNICAL AND CONFORMING AMEND16 MENT.—Section 2 of the Act entitled ‘‘An Act to 

17 prevent harm to the national security or endangering 

18 the military officers and civilian employees to whom 

19 internet publication of certain information applies, 

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

21 (5 U.S.C. App. 103 note), is amended by striking 

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

23 such Act (5 U.S.C. App. 101)’’. 

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

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1 (1) EFFECTIVE DATE.—The amendments made 

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

3 2013. 

4 (2) RULE OF CONSTRUCTION.—Before January 

5 1, 2013, the amendments made by subsection (a) 

6 shall not affect the applicability of section 2 of the 

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

8 security or endangering the military officers and ci9 vilian employees to whom internet publication of cer10 tain information applies, and for other purposes’’, 

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

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

13 date under paragraph (1). 

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

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

16 requirement with respect to the House of Representatives 

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

18 with respect to the inclusion of transaction information for 

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

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

21 (d) NO CHANGE TO EXISTING SENATE REQUIRE22 MENTS.—Nothing in this section or the amendments made 

23 this section shall be construed as affecting the require24 ment that took effect with respect to the Senate on July 

25 3, 2012, which mandates the inclusion of transaction inmstockstill on DSK4VPTVN1PROD with BILLS

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1 formation for spouses and dependent children for a report 

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

3 1978 (5 U.S.C. App. 103(l)). 

Æ 

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