II 

117TH CONGRESS 

2D SESSION S. 3612 

To amend the Ethics in Government Act of 1978 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 

FEBRUARY 9, 2022 

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 the Ethics in Government Act of 1978 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 101 of the Ethics in Gov5 ernment Act of 1978 (5 U.S.C. App.) is amended by add6 ing at the end the following: 

7 ‘‘(j) 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, in20 cluding such an agreement, contract, 

21 or grant relating to agricultural activ22 ity; and 

23 ‘‘(II) such other types of pay24 ment of money or items of value as 

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1 fice of Government Ethics, may estab2 lish, by regulation. 

3 ‘‘(iii) EXCLUSIONS.—The term ‘cov4 ered payment’ does not include— 

5 ‘‘(I) any salary or compensation 

6 for service performed as, or reim7 bursement of personal outlay by, an 

8 officer or employee of the Federal 

9 Government; or 

10 ‘‘(II) any tax refund (including a 

11 refundable tax credit). 

12 ‘‘(B) COVERED PERSON.—The term ‘cov13 ered person’ means a person described in any of 

14 paragraphs (1) through (10) of section 103(l). 

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

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

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

18 by a covered person, the spouse of the covered per19 son, or a dependent child of the covered person (in20 cluding any business owned and controlled by the 

21 covered person or spouse or dependent child of the 

22 covered person), but in no case later than 45 days 

23 after the date on which the covered payment is made 

24 or promised to be made, the covered person shall 


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1 submit to the applicable supervising ethics office a 

2 report describing the covered payment. 

3 ‘‘(3) FINE FOR FAILURE TO REPORT.—Not4 withstanding section 104(d), a covered person shall 

5 be assessed a fine, pursuant to regulations issued by 

6 the applicable supervising ethics office, of $500 in 

7 each case in which the covered person fails to file a 

8 report required under this subsection.’’. 

9 (b) REPORT CONTENTS.—Section 102 of the Ethics 

10 in Government Act of 1978 (5 U.S.C. App.) is amended 

11 by adding at the end the following: 

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

13 Each report filed pursuant to subsection (j) of section 101 

14 shall include— 

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

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

17 Federal Government; 

18 ‘‘(2)(A) the name of each recipient of each pay19 ment or item of value identified under paragraph 

20 (1); and 

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

22 under subparagraph (A) to the person filing the re23 port; 

24 ‘‘(3) a description of the date on which, as ap25 plicable— 


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

2 item of value was submitted to the Federal 

3 Government; and 

4 ‘‘(B) the payment or item of value was re5 ceived from the Federal Government; and 

6 ‘‘(4) a description of the amount of each appli7 cable payment or item of value.’’. 

8 (c) TECHNICAL AND CONFORMING AMENDMENTS.— 

9 (1) Section 101 of the Ethics in Government 

10 Act of 1978 (5 U.S.C. App.) is amended— 

11 (A) in subsection (f)— 

12 (i) in paragraph (9), by striking ‘‘as 

13 defined under section 109(12)’’; 

14 (ii) in paragraph (10), by striking ‘‘as 

15 defined under section 109(13)’’; 

16 (iii) in paragraph (11), by striking 

17 ‘‘as defined under section 109(10)’’; and 

18 (iv) in paragraph (12), by striking ‘‘as 

19 defined under section 109(8)’’; 

20 (B) in subsection (h)(1), by striking ‘‘, 

21 and’’ at the end and inserting ‘‘; and’’; and 

22 (C) in subsection (i)— 

23 (i) in each of paragraphs (1) and (2), 

24 by striking the comma at the end of the 

25 paragraph and inserting a semicolon; and 


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1 (ii) in paragraph (3), by striking ‘‘, 

2 and’’ at the end and inserting ‘‘; and’’. 

3 (2) Section 102 of the Ethics in Government 

4 Act of 1978 (5 U.S.C. App.) is amended— 

5 (A) in subsection (a)— 

6 (i) in the matter preceding paragraph 

7 (1), by striking ‘‘section 101(d) and (e)’’ 

8 and inserting ‘‘subsection (d) or (e) of sec9 tion 101’’; 

10 (ii) in paragraph (1)(B)— 

11 (I) in the matter preceding clause 

12 (i), by striking ‘‘within:’’ and inserting 

13 ‘‘within—’’; 

14 (II) in each of clauses (i) through 

15 (vii), by striking the comma at the 

16 end of the clause and inserting a 

17 semicolon; and 

18 (III) in clause (viii), by striking 

19 ‘‘, or’’ at the end and inserting ‘‘; or’’; 

20 and 

21 (iii) in paragraph (3), in the first sen22 tence, by striking ‘‘spouse,,’’ and inserting 

23 ‘‘spouse,’’; 

24 (B) in subsection (d)(1)— 


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1 (i) in the matter preceding subpara2 graph (A), by striking ‘‘are as follows:’’ 

3 and inserting ‘‘are—’’; and 

4 (ii) by indenting subparagraphs (G) 

5 through (J) appropriately; and 

6 (C) in subsection (e)(1), by indenting sub7 paragraph (F) appropriately. 

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 AND 

14 JUDGES. 

15 (a) IN GENERAL.—Notwithstanding any other provi16 sion of law, each provision of law described in subsection 

17 (b) shall apply to— 

18 (1) each president, vice president, and director 

19 of a Federal Reserve bank; and 

20 (2) each judicial officer (as defined in section 

21 109 of the Ethics in Government Act of 1978 (5 

22 U.S.C. App.)). 

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

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


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1 (1) title I of the Ethics in Government Act of 

2 1978 (5 U.S.C. App.); 

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

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

5 4167); and 

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

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

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

9 this section and the provisions of law described in sub10 section (b), the supervising ethics office for a president, 

11 vice president, or director of a Federal Reserve bank shall 

12 be the Inspector General of the Board of Governors of the 

13 Federal Reserve System and the Bureau of Consumer Fi14 nancial Protection. 

15 SEC. 4. PENALTY FOR STOCK ACT NONCOMPLIANCE. 

16 (a) IN GENERAL.—The STOCK Act (Public Law 

17 112–105; 126 Stat. 291; 126 Stat. 1310; 127 Stat. 438; 

18 132 Stat. 4167) is amended by adding at the end the fol19 lowing: 

20 ‘‘SEC. 20. FINES FOR FAILURE TO REPORT. 

21 ‘‘(a) IN GENERAL.—Notwithstanding any other pro22 vision of law (including regulations), an individual shall 

23 be assessed a fine, pursuant to regulations issued by the 

24 applicable supervising ethics office (including the Adminis25 trative Office of the United States Courts, as applicable), 


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1 of $500 in each case in which the individual fails to file 

2 a transaction report required under this Act. 

3 ‘‘(b) DEPOSIT IN TREASURY.—The fines paid under 

4 this section shall be deposited in the miscellaneous receipts 

5 of the Treasury.’’. 

6 (b) RULES, REGULATIONS, GUIDANCE, AND DOCU7 MENTS.—Not later than 1 year after the date of enact8 ment of this Act, each supervising ethics office (as defined 

9 in section 2 of the STOCK Act (5 U.S.C. App. 101 note)) 

10 (including the Administrative Office of the United States 

11 Courts, as applicable) shall amend the rules, regulations, 

12 guidance, documents, papers, and other records of the su13 pervising ethics office in accordance with the amendment 

14 made by this section. 

15 SEC. 5. BANNING CONFLICTED TRADES. 

16 (a) IN GENERAL.—The Ethics in Government Act of 

17 1978 (5 U.S.C. App.) is amended by inserting after title 

18 I the following: 

19 ‘‘TITLE II—BANNING 

20 CONFLICTED TRADES 

21 ‘‘SEC. 201. DEFINITIONS. 

22 ‘‘In this title: 

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

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

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


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1 ‘‘(2) COVERED INVESTMENT.— 

2 ‘‘(A) IN GENERAL.—The term ‘covered in3 vestment’ means— 

4 ‘‘(i) any investment in— 

5 ‘‘(I) a security; 

6 ‘‘(II) a commodity; 

7 ‘‘(III) a future; or 

8 ‘‘(IV) cryptocurrency, such as a 

9 coin or token— 

10 ‘‘(aa) received in connection 

11 with an initial coin offering; or 

12 ‘‘(bb) issued or distributed 

13 using distributed ledger or 

14 blockchain technology; and 

15 ‘‘(ii) any economic interest com16 parable to an interest described in clause 

17 (i) that is acquired through synthetic 

18 means, such as the use of a derivative. 

19 ‘‘(B) EXCLUSIONS.—The term ‘covered in20 vestment’ does not include— 

21 ‘‘(i) a widely held investment fund de22 scribed in section 102(f)(8); or 

23 ‘‘(ii) a United States Treasury bill, 

24 note, or bond. 


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1 ‘‘(3) COVERED PERSON.—The term ‘covered 

2 person’ means— 

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

4 section 109); 

5 ‘‘(B) the President; 

6 ‘‘(C) the Vice President; 

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

8 States; 

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

10 Court; 

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

12 of the Federal Reserve System; and 

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

14 Federal Reserve bank. 

15 ‘‘(4) FUTURE.—The term ‘future’ means a fi16 nancial contract obligating a buyer to purchase, or 

17 a seller to sell, an asset, such as a physical com18 modity or a financial instrument, at a predetermined 

19 future date and price. 

20 ‘‘(5) SECURITY.—The term ‘security’ has the 

21 meaning given the term in section 3(a) of the Secu22 rities Exchange Act of 1934 (15 U.S.C. 78c(a)). 

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

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


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1 person, has the meaning given the term in section 

2 109 with respect to that covered person. 

3 ‘‘SEC. 202. PROHIBITIONS. 

4 ‘‘(a) TRANSACTIONS.—Except as provided in sections 

5 203 and 204, no covered person may— 

6 ‘‘(1) purchase or sell any covered investment; or 

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

8 short position in any security. 

9 ‘‘(b) POSITIONS.—A covered person may not serve as 

10 an officer or member of any board of any for-profit asso11 ciation, corporation, or other entity. 

12 ‘‘SEC. 203. EXCEPTIONS. 

13 ‘‘(a) INVESTMENTS HELD BEFORE TAKING OF14 FICE.— 

15 ‘‘(1) IN GENERAL.—A covered person may have 

16 control over or knowledge of the management of any 

17 covered investment held by the covered person as of 

18 the day before the date on which the covered person 

19 assumes the applicable office or employment as a 

20 covered person. 

21 ‘‘(2) PROHIBITION ON PURCHASING OR SELL22 ING.—A covered person may not buy or sell any in23 vestment described in paragraph (1), except in the 

24 case of— 


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1 ‘‘(A) placing the investment in a qualified 

2 blind trust described in section 204; or 

3 ‘‘(B) divesting the investment under sub4 section (b). 

5 ‘‘(b) DIVESTITURE.—A covered person may sell a 

6 covered investment during the 180-day period beginning 

7 on the later of— 

8 ‘‘(1) the date on which the covered person as9 sumes office or employment as a covered person; and 

10 ‘‘(2) the date of enactment of the STOCK Act 

11 2.0. 

12 ‘‘SEC. 204. TRUSTS. 

13 ‘‘(a) IN GENERAL.—On a case-by-case basis, the ap14 plicable supervising ethics office may authorize a covered 

15 person to place any security holding of the covered person 

16 in a qualified blind trust approved by the supervising eth17 ics office under section 102(f). 

18 ‘‘(b) BLIND TRUST.—A qualified blind trust per19 mitted under this section shall meet the applicable criteria 

20 described in section 102(f)(4)(B), unless an alternative ar21 rangement is approved by the applicable supervising ethics 

22 office. 


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1 ‘‘SEC. 205. ADMINISTRATION AND ENFORCEMENT. 

2 ‘‘(a) ADMINISTRATION.—Each supervising ethics of3 fice may issue guidance relating to any matter covered by 

4 this title, including— 

5 ‘‘(1) whether a covered person may hold an em6 ployee stock option or other, similar instrument that 

7 has not vested before the date on which the covered 

8 person assumes office or employment as a covered 

9 person; and 

10 ‘‘(2) the process and timeline for determining 

11 the date on which a covered person shall no longer 

12 serve as an officer or member of any board of any 

13 for-profit association, corporation, or other entity. 

14 ‘‘(b) ENFORCEMENT.—A covered person who know15 ingly fails to comply with this title shall be subject to a 

16 civil penalty of not less than 10 percent of the value of 

17 the covered investment that was purchased or sold, or the 

18 security in which a net short position was created, in viola19 tion of this title, as applicable.’’. 

20 (b) CONFORMING AMENDMENTS.— 

21 (1) Section 103(j)(1) of the Ethics in Govern22 ment Act of 1978 (5 U.S.C. App.) is amended by 

23 striking ‘‘Standards of Official Conduct’’ and insert24 ing ‘‘Ethics’’. 

25 (2) Section 105(b)(3)(A) of the Ethics in Gov26 ernment Act of 1978 (5 U.S.C. App.) is amended by 


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1 striking ‘‘described in section 109(8) or 109(10) of 

2 this Act’’ and inserting ‘‘who is a judicial employee 

3 or judicial officer’’. 

4 (3) Section 109 of the Ethics in Government 

5 Act of 1978 (5 U.S.C. App.) is amended— 

6 (A) in the matter preceding paragraph (1), 

7 by striking ‘‘For the purposes of this title, the 

8 term—’’ and inserting ‘‘In this title:’’; 

9 (B) in each of paragraphs (1) through 

10 (19)— 

11 (i) by inserting ‘‘The term’’ after the 

12 paragraph designation; and 

13 (ii) by inserting a paragraph heading, 

14 the text of which is comprised of the term 

15 defined in that paragraph; 

16 (C) in each of paragraphs (2) through 

17 (17), by striking the semicolon at the end of the 

18 paragraph and inserting a period; 

19 (D) in paragraph (1), by striking ‘‘means’’ 

20 and all that follows through ‘‘Official Conduct’’ 

21 and inserting the following: ‘‘means, as applica22 ble— 

23 ‘‘(A) the Select Committee on Ethics of 

24 the Senate; and 

25 ‘‘(B) the Committee on Ethics’’; 


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1 (E) by redesignating paragraphs (8) and 

2 (9) as paragraphs (9) and (8), respectively, and 

3 moving the paragraphs so as to appear in nu4 merical order; and 

5 (F) in paragraph (18)— 

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

7 ‘‘Standards of Official Conduct’’ and in8 serting ‘‘Ethics’’; and 

9 (ii) in subparagraph (D), by striking 

10 ‘‘; and’’ at the end and inserting a period. 

11 (4) Section 111(2) of the Ethics in Government 

12 Act of 1978 (5 U.S.C. App.) is amended by striking 

13 ‘‘Standards of Official Conduct’’ and inserting ‘‘Eth14 ics’’. 

15 (5) Section 402 of the Ethics in Government 

16 Act of 1978 (5 U.S.C. App.) is amended— 

17 (A) in subsection (b), by striking ‘‘title II 

18 of’’ each place it appears; and 

19 (B) in subsection (f)(2)(B)— 

20 (i) by striking ‘‘Subject to clause (iv) 

21 of this subparagraph, before’’ each place it 

22 appears and inserting ‘‘Before’’; and 

23 (ii) by striking clause (iv). 

24 (6) Section 503(1)(A) of the Ethics in Govern25 ment Act of 1978 (5 U.S.C. App.) is amended by 


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1 striking ‘‘Standards of Official Conduct’’ and insert2 ing ‘‘Ethics’’. 

3 (7) Section 3(4)(D) of the Lobbying Disclosure 

4 Act of 1995 (2 U.S.C. 1602(4)(D)) is amended by 

5 striking ‘‘legislative branch employee serving in a po6 sition described under section 109(13) of the Ethics 

7 in Government Act of 1978 (5 U.S.C. App.)’’ and 

8 inserting ‘‘officer or employee of the Congress (as 

9 defined in section 109 of the Ethics in Government 

10 Act of 1978 (5 U.S.C. App.))’’. 

11 (8) Section 2 of the STOCK Act (5 U.S.C. 

12 App. 101 note) is amended— 

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

14 ‘‘(11)’’ each place it appears; 

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

16 each place it appears; 

17 (C) in paragraph (5), by striking ‘‘(8)’’ 

18 each place it appears; and 

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

20 each place it appears. 

21 (9) Section 21A of the Securities Exchange Act 

22 of 1934 (15 U.S.C. 78u–1) is amended— 

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

24 ‘‘section 109(11) of the Ethics in Government 

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1 serting ‘‘section 109 of the Ethics in Govern2 ment Act of 1978 (5 U.S.C. App.)’’; and 

3 (B) in subsection (h)(2)— 

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

5 ‘‘section 109(8) of the Ethics in Govern6 ment Act of 1978 (5 U.S.C. App. 109(8))’’ 

7 and inserting ‘‘section 109 of the Ethics in 

8 Government Act of 1978 (5 U.S.C. App.)’’; 

9 and 

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

11 ‘‘under section 109(10) of the Ethics in 

12 Government Act of 1978 (5 U.S.C. App. 

13 109(10))’’ and inserting ‘‘in section 109 of 

14 the Ethics in Government Act of 1978 (5 

15 U.S.C. App.)’’. 

16 SEC. 6. ELECTRONIC FILING AND ONLINE PUBLIC AVAIL17 ABILITY OF FINANCIAL DISCLOSURE FORMS. 

18 (a) MEMBERS OF CONGRESS AND CONGRESSIONAL

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

20 App. 105 note) is amended— 

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

22 by inserting ‘‘, pursuant to title I of the Ethics in 

23 Government Act of 1978 (5 U.S.C. App.), through 

24 databases maintained on the official websites of the 


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1 House of Representatives and the Senate’’ after ‘‘en2 able’’; 

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

4 received by them pursuant to section 103(h)(1)(A) 

5 of title I of the Ethics in Government Act of 1978’’ 

6 and inserting ‘‘each report received under section 

7 103(h)(1)(A) of that Act’’; and 

8 (3) by striking subparagraph (B) and the un9 designated matter following that subparagraph and 

10 inserting the following: 

11 ‘‘(B) public access— 

12 ‘‘(i) to each— 

13 ‘‘(I) financial disclosure report 

14 filed by a Member of Congress or a 

15 candidate for Congress; 

16 ‘‘(II) transaction disclosure re17 port filed by a Member of Congress or 

18 a candidate for Congress pursuant to 

19 section 103(l) of that Act; and 

20 ‘‘(III) notice of extension, amend21 ment, or blind trust, with respect to a 

22 report described in subclause (I) or 

23 (II), pursuant to title I of that Act; 

24 and 

25 ‘‘(ii) in a manner that— 


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1 ‘‘(I) allows the public to search, 

2 sort, and download data contained in 

3 the reports described in subclause (I) 

4 or (II) of clause (i) by criteria re5 quired to be reported, including by 

6 filer name, asset, transaction type, 

7 ticker symbol, notification date, 

8 amount of transaction, and date of 

9 transaction; 

10 ‘‘(II) allows access through an 

11 application programming interface; 

12 and 

13 ‘‘(III) is fully compliant with— 

14 ‘‘(aa) section 508 of the Re15 habilitation Act of 1973 (29 

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

17 ‘‘(bb) the most recent Web 

18 Content Accessibility Guidelines 

19 (or successor guidelines).’’. 

20 (b) VERY SENIOR EXECUTIVE BRANCH EMPLOY21 EES.—Section 11(b)(1) of the STOCK Act (5 U.S.C. App. 

22 105 note) is amended— 

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

24 by inserting ‘‘, pursuant to title I of the Ethics in 

25 Government Act of 1978 (5 U.S.C. App.), through 


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1 databases maintained on the official website of the 

2 Office of Government Ethics’’ after ‘‘enable’’; and 

3 (2) 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— 

10 ‘‘(aa) the President; 

11 ‘‘(bb) the Vice President; or 

12 ‘‘(cc) an officer occupying a 

13 position listed in section 5312 or 

14 5313 of title 5, United States 

15 Code, having been nominated by 

16 the President and confirmed by 

17 the Senate to that position; 

18 ‘‘(II) transaction disclosure re19 port filed by an individual described in 

20 subclause (I) pursuant to section 

21 103(l) of the Ethics in Government 

22 Act of 1978 (5 U.S.C. App); and 

23 ‘‘(III) notice of extension, amend24 ment, or blind trust, with respect to a 

25 report described in subclause (I) or 


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1 (II), pursuant to title I of that Act; 

2 and 

3 ‘‘(ii) in a manner that— 

4 ‘‘(I) allows the public to search, 

5 sort, and download data contained in 

6 the reports described in subclause (I) 

7 or (II) of clause (i) by criteria re8 quired to be reported, including by 

9 filer name, asset, transaction type, 

10 ticker symbol, notification date, 

11 amount of transaction, and date of 

12 transaction; 

13 ‘‘(II) allows access through an 

14 application programming interface; 

15 and 

16 ‘‘(III) is fully compliant with— 

17 ‘‘(aa) section 508 of the Re18 habilitation Act of 1973 (29 

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

20 ‘‘(bb) the most recent Web 

21 Content Accessibility Guidelines 

22 (or successor guidelines).’’. 

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

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

25 adding at the end the following: 


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1 ‘‘(c) JUDICIAL OFFICERS.— 

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

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

4 this subsection, the Administrative Office of the 

5 United States Courts shall develop a system to en6 able, pursuant to title I of the Ethics in Government 

7 Act of 1978 (5 U.S.C. App.), through a database 

8 maintained on the official website of the Administra9 tive Office of the United States Courts— 

10 ‘‘(A) electronic filing of reports received 

11 from judicial officers pursuant to that title; and 

12 ‘‘(B) public access— 

13 ‘‘(i) to each— 

14 ‘‘(I) financial disclosure report 

15 filed by a judicial officer; 

16 ‘‘(II) transaction disclosure re17 port filed by a judicial officer pursu18 ant to section 103(l) of the Ethics in 

19 Government Act of 1978 (5 U.S.C. 

20 App); and 

21 ‘‘(III) notice of extension, amend22 ment, or blind trust, with respect to a 

23 report described in subclause (I) or 

24 (II), pursuant to that title; and 

25 ‘‘(ii) in a manner that— 


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1 ‘‘(I) allows the public to search, 

2 sort, and download data contained in 

3 a report described in clause (i) by cri4 teria required to be reported, includ5 ing by filer name, asset, transaction 

6 type, ticker symbol, notification date, 

7 amount of transaction, and date of 

8 transaction; 

9 ‘‘(II) allows access through an 

10 application programming interface; 

11 and 

12 ‘‘(III) is fully compliant with— 

13 ‘‘(aa) section 508 of the Re14 habilitation Act of 1973 (29 

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

16 ‘‘(bb) the most recent Web 

17 Content Accessibility Guidelines 

18 (or successor guidelines). 

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

20 paragraph (1)(B), section 105(b)(2) of the Ethics in 

21 Government Act of 1978 (5 U.S.C. App.) shall not 

22 apply. 

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

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

25 official website of the Administrative Office of the 


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1 United States Courts shall be deemed to meet the 

2 public availability requirement under section 

3 105(b)(1) of the Ethics in Government Act of 1978 

4 (5 U.S.C. App.). 

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

6 who is required under the Ethics in Government Act 

7 of 1978 (5 U.S.C. App.) to file a financial disclosure 

8 report with a supervising ethics office shall be able 

9 to file that report electronically using the applicable 

10 system developed under this subsection. 

11 ‘‘(5) EXTENSIONS.—Each notice of an exten12 sion for a financial disclosure covered by this sub13 section shall be made available electronically under 

14 paragraph (1)(B), together with any related disclo15 sure. 

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

17 this subsection may be implemented after the date 

18 described in paragraph (1) if the Administrative Of19 fice of the United States Courts identifies in writing 

20 to the relevant congressional committees the addi21 tional time needed for that implementation.’’. 

22 (d) OFFICERS OF FEDERAL RESERVE BANKS.—Sec23 tion 9 of the STOCK Act (Public Law 112–105; 126 Stat. 

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

25 at the end the following: 


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

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

3 ‘‘(A) COVERED PERSON.—The term ‘cov4 ered person’ means— 

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

6 bank; 

7 ‘‘(ii) a vice president of a Federal Re8 serve bank; and 

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

10 bank. 

11 ‘‘(B) SUPERVISING ETHICS OFFICE.—The 

12 term ‘supervising ethics office’ means the In13 spector General of the Board of Governors of 

14 the Federal Reserve System and the Bureau of 

15 Consumer Financial Protection. 

16 ‘‘(2) ELECTRONIC FILING AND ONLINE PUBLIC

17 AVAILABILITY OF FINANCIAL DISCLOSURE FORMS.— 

18 ‘‘(A) IN GENERAL.—Subject to subpara19 graph (F), not later than 1 year after the date 

20 of enactment of this subsection, the supervising 

21 ethics office shall develop a system to enable, 

22 pursuant to title I of the Ethics in Government 

23 Act of 1978 (5 U.S.C. App.), through a data24 base maintained on the official website of the 

25 supervising ethics office— 


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1 ‘‘(i) electronic filing of reports re2 ceived from covered persons pursuant to 

3 that title; and 

4 ‘‘(ii) public access— 

5 ‘‘(I) to each— 

6 ‘‘(aa) financial disclosure re7 port filed by a covered person; 

8 ‘‘(bb) transaction disclosure 

9 report filed by a covered person 

10 pursuant to section 103(l) of the 

11 Ethics in Government Act of 

12 1978 (5 U.S.C. App); and 

13 ‘‘(cc) notice of extension, 

14 amendment, or blind trust, with 

15 respect to a report described in 

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

17 that title; and 

18 ‘‘(II) in a manner that— 

19 ‘‘(aa) allows the public to 

20 search, sort, and download data 

21 contained in a report described in 

22 subclause (I) by criteria required 

23 to be reported, including by filer 

24 name, asset, transaction type, 

25 ticker symbol, notification date, 


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1 amount of transaction, and date 

2 of transaction; 

3 ‘‘(bb) allows access through 

4 an application programming 

5 interface; and 

6 ‘‘(cc) is fully compliant 

7 with— 

8 ‘‘(AA) section 508 of 

9 the Rehabilitation Act of 

10 1973 (29 U.S.C. 794d); and 

11 ‘‘(BB) the most recent 

12 Web Content Accessibility 

13 Guidelines (or successor 

14 guidelines). 

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

16 under subparagraph (A)(ii), section 105(b)(2) 

17 of the Ethics in Government Act of 1978 (5 

18 U.S.C. App.) shall not apply. 

19 ‘‘(C) PUBLIC AVAILABILITY.—The elec20 tronic availability of filings under subparagraph 

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

22 ethics office shall be deemed to meet the public 

23 availability requirement under section 105(b)(1) 

24 of the Ethics in Government Act of 1978 (5 

25 U.S.C. App.). 


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1 ‘‘(D) FILERS COVERED.—Each covered 

2 person who is required under the Ethics in Gov3 ernment Act of 1978 (5 U.S.C. App.) to file a 

4 financial disclosure report with a supervising 

5 ethics office shall be able to file that report 

6 electronically using the applicable system devel7 oped under this paragraph. 

8 ‘‘(E) EXTENSIONS.—Each notice of an ex9 tension for a financial disclosure covered by this 

10 paragraph shall be made available electronically 

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

12 related disclosure. 

13 ‘‘(F) ADDITIONAL TIME.—The require14 ments of this paragraph may be implemented 

15 after the date described in subparagraph (A) if 

16 a supervising ethics office identifies in writing 

17 to the relevant congressional committees the ad18 ditional time needed for that implementation.’’. 

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

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

21 after the date of enactment of this Act. 

Æ 


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