islative action relating to any commodity if that 
Member, Delegate, Resident Commissioner, offi-
cer, or employee has reason to believe that the 
information will be used to buy or sell such 
commodity for future delivery based on such in-
formation.’’. 
SEC. 
4. 
TIMELY 
REPORTING 
OF 
SECURITIES 
TRANS-
ACTIONS. 
(a) AMENDMENT.—Section 103 of the Ethics in Gov-
ernment Act of 1978 is amended by adding at the end 
the following subsection: 
‘‘(l) Within 90 days after the purchase, sale, or ex-
change of any stocks, bonds, commodities futures, or other 
forms of securities that are otherwise required to be re-
ported under this Act and the transaction of which in-
volves at least $1000 by any Member of Congress or offi-
cer or employee of the legislative branch required to so 
file, that Member, officer, or employee shall file a report 
of that transaction with the Clerk of the House of Rep-
resentatives in the case of a Representative in Congress, 
a Delegate to Congress, or the Resident Commissioner 
from Puerto Rico, or with the Secretary of the Senate in 
the case of a Senator.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall apply to transactions occurring on or 
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after the date that is 90 days after the date of the enact-
ment of this Act. 
SEC. 5. DISCLOSURE OF POLITICAL INTELLIGENCE ACTIVI-
TIES UNDER LOBBYING DISCLOSURE ACT. 
(a) DEFINITIONS.—Section 3 of the Lobbying Disclo-
sure Act of 1995 (2 U.S.C. 1602) is amended— 
(1) in paragraph (2)— 
(A) by inserting after ‘‘lobbying activities’’ 
each place that term appears the following: ‘‘or 
political intelligence activities’’; and 
(B) by inserting after ‘‘lobbyists’’ the fol-
lowing: ‘‘or political intelligence consultants’’; 
and 
(2) by adding at the end the following new 
paragraphs: 
‘‘(17) POLITICAL INTELLIGENCE ACTIVITIES.— 
The term ‘political intelligence activities’ means po-
litical intelligence contacts and efforts in support of 
such contacts, including preparation and planning 
activities, research, and other background work that 
is intended, at the time it is performed, for use in 
contacts, and coordination with such contacts and 
efforts of others. 
‘‘(18) POLITICAL INTELLIGENCE CONTACT.— 
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‘‘(A) DEFINITION.—The term ‘political in-
telligence contact’ means any oral or written 
communication (including an electronic commu-
nication) to or from a covered executive branch 
official or a covered legislative branch official, 
the information derived from which is intended 
for use in analyzing securities or commodities 
markets, or in informing investment decisions, 
and which is made on behalf of a client with re-
gard to— 
‘‘(i) the formulation, modification, or 
adoption of Federal legislation (including 
legislative proposals); 
‘‘(ii) the formulation, modification, or 
adoption of a Federal rule, regulation, Ex-
ecutive order, or any other program, policy, 
or position of the United States Govern-
ment; or 
‘‘(iii) the administration or execution 
of a Federal program or policy (including 
the negotiation, award, or administration 
of a Federal contract, grant, loan, permit, 
or license). 
‘‘(B) EXCEPTION.—The term ‘political in-
telligence contact’ does not include a commu-
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nication that is made by or to a representative 
of the media if the purpose of the communica-
tion is gathering and disseminating news and 
information to the public. 
‘‘(19) POLITICAL
INTELLIGENCE
FIRM.—The 
term ‘political intelligence firm’ means a person or 
entity that has 1 or more employees who are polit-
ical intelligence consultants to a client other than 
that person or entity. 
‘‘(20) POLITICAL
INTELLIGENCE
CONSULT-
ANT.—The term ‘political intelligence consultant’ 
means any individual who is employed or retained by 
a client for financial or other compensation for serv-
ices that include one or more political intelligence 
contacts.’’. 
(b) REGISTRATION REQUIREMENT.—Section 4 of the 
Lobbying Disclosure Act of 1995 (2 U.S.C. 1603) is 
amended— 
(1) in subsection (a)— 
(A) in paragraph (1)— 
(i) by inserting after ‘‘whichever is 
earlier,’’ the following: ‘‘or a political intel-
ligence consultant first makes a political 
intelligence contact,’’; and 
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(ii) by inserting after ‘‘such lobbyist’’ 
each place that term appears the following: 
‘‘or consultant’’; 
(B) in paragraph (2), by inserting after 
‘‘lobbyists’’ each place that term appears the 
following: ‘‘or consultants’’; and 
(C) in paragraph (3)(A)— 
(i) by inserting after ‘‘lobbying activi-
ties’’ each place that term appears the fol-
lowing: ‘‘and political intelligence activi-
ties’’; and 
(ii) in clause (i), by inserting after 
‘‘lobbying firm’’ the following: ‘‘or political 
intelligence firm’’; 
(2) in subsection (b)— 
(A) in paragraph (3), by inserting after 
‘‘lobbying activities’’ each place that term ap-
pears the following: ‘‘or political intelligence ac-
tivities’’; 
(B) in paragraph (4)— 
(i) in the matter preceding subpara-
graph (A), by inserting after ‘‘lobbying ac-
tivities’’ the following: ‘‘or political intel-
ligence activities’’; and 
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