vestment, except as provided in section 203(a)(2); 
and 
‘‘(3) on and after the effective date described in 
section 203(k), a covered person that is a spouse or 
dependent child of a Member of Congress shall not 
purchase any covered investment or sell any covered 
investment, except as provided in section 203(a)(2). 
‘‘(b) OPTIONAL DIVESTMENT WINDOW.—Notwith-
standing subsection (a)— 
‘‘(1) a Member of Congress who is sworn as a 
Member of Congress on or before the date of enact-
ment of the Ending Trading and Holdings in Con-
gressional Stocks (ETHICS) Act may sell a covered 
investment within 90 days of the date of enactment 
of such Act, provided that the Member of Congress 
may not sell any covered investment at any time out-
side of that period while the Member of Congress 
serves the term for which the Member of Congress 
was elected or is reelected or appointed as a Member 
of Congress except as provided in section 203(a)(2); 
and 
‘‘(2) a Member of Congress who is sworn as a 
Member of Congress after the date of enactment of 
the Ending Trading and Holdings in Congressional 
Stocks (ETHICS) Act may sell a covered investment 
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within 90 days of commencing the term of service as 
a Member of Congress, provided that the Member of 
Congress may not sell any covered investment at any 
time outside of that period while the Member of 
Congress serves the term for which the Member of 
Congress was elected or is reelected or appointed as 
a Member of Congress except as provided in section 
203(a)(2). 
‘‘(c) EXCEPTION.—Notwithstanding subsection (a), a 
covered person may divest a covered investment as di-
rected by the relevant supervising ethics office pursuant 
to this Act. 
‘‘(d) JOINT COVERED INVESTMENT.—Any covered 
investment reported to the supervising ethics office as 
jointly owned by a Member of Congress and the spouse 
of the Member of Congress shall be deemed to be a covered 
investment of the Member of Congress for purposes of this 
section. 
‘‘§ 13163. Addressing owned covered investments 
‘‘(a) MEMBERS OF CONGRESS.— 
‘‘(1) CERTIFICATION.—Not later than 60 days 
after the applicable effective date described in sub-
section (j), a Member of Congress shall submit to 
the supervising ethics office a certification, which 
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the supervising ethics office shall publish online that 
certifies that— 
‘‘(A) each covered investment owned by, or 
in the custody of, the Member of Congress, or 
a spouse or dependent child of the Member of 
Congress, will, by the applicable deadline under 
paragraph (2), be— 
‘‘(i) divested, as described in para-
graph (2)(B); or 
‘‘(ii) placed in a qualified blind trust, 
including through the establishment of a 
qualified blind trust for that purpose, if 
necessary, as described in paragraph 
(2)(A); and 
‘‘(B) no spouse or dependent child of the 
Member of Congress owns, or has custody of, 
covered investments with a cumulative amount 
equal to more than $10,000, in accordance with 
paragraph (6). 
‘‘(2) DIVESTITURE OR PLACEMENT IN QUALI-
FIED BLIND TRUST.— 
‘‘(A) REQUIREMENT.—Subject to para-
graphs (3) and (6) and subsection (b)(2), not 
later than 120 days after the applicable effec-
tive date described in subsection (j), a Member 
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of Congress shall divest, or place in a qualified 
blind trust (including by establishing a qualified 
blind trust for that purpose, if necessary), each 
covered investment owned or in the custody 
of— 
‘‘(i) the Member of Congress; or 
‘‘(ii) a spouse or dependent child of 
the Member of Congress. 
‘‘(B) DIVESTITURE.—A covered person 
shall divest any covered investment owned by or 
in the custody of the covered person that is not 
placed in a qualified blind trust not later than 
the date described in subparagraph (A), subject 
to any extension granted under paragraph (3). 
‘‘(C) QUALIFIED BLIND TRUSTS.— 
‘‘(i) MANDATORY
SALE
OF
INITIAL 
PROPERTY IN QUALIFIED BLIND TRUST.— 
‘‘(I) IN
GENERAL.—Subject to 
clause (ii), if a covered person places, 
or has placed before the applicable ef-
fective date described in subsection 
(j), 1 or more covered investments in 
a qualified blind trust, the trustee of 
the qualified blind trust shall divest 
any such covered investment not later 
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than the date specified in subclause 
(II). 
‘‘(II) 
DEADLINE.—The 
date 
specified in this subclause is— 
‘‘(aa) with respect to a cov-
ered investment placed in a quali-
fied blind trust before the appli-
cable effective date described in 
subsection (j), 120 days after 
such applicable effective date; 
and 
‘‘(bb) with respect to a cov-
ered investment placed in a quali-
fied blind trust on or after the 
applicable effective date described 
in subsection (j), 120 days after 
the date of creation of the quali-
fied blind trust, as dated by the 
executed qualified blind trust 
agreement. 
‘‘(III) 
NOTICE
OF
COMPLI-
ANCE.— 
‘‘(aa) IN
GENERAL.—Sub-
ject to item (bb), upon comple-
tion of the divestiture of all ini-
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tial property pursuant to sub-
clause (I)— 
‘‘(AA) the trustee of a 
qualified blind trust shall 
submit to the supervising 
ethics office and each bene-
ficiary of the trust a written 
notice stating that all initial 
property of the qualified 
blind trust has been di-
vested; and 
‘‘(BB) the supervising 
ethics office shall publish the 
notice described in subitem 
(AA) on the website of the 
supervising ethics office. 
‘‘(bb) 
CONTENTS.—Each 
notice 
described 
in 
item 
(aa)(AA)— 
‘‘(AA) shall only iden-
tify the initial property gen-
erally by referring to the 
complete list of assets de-
scribed 
in 
section 
102(f)(5)(A)(ii) of the Eth-
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ics in Government Act (5 
U.S.C. App.); and 
‘‘(BB) may not contain 
any other information relat-
ing to any holding of the 
qualified blind trust or the 
timing of any divestiture. 
‘‘(ii) 
EXTENSION
OF
MANDATORY 
SALE OF INITIAL PROPERTY.— 
‘‘(I) REQUEST.—A covered per-
son may apply to the supervising eth-
ics office for an extension of the pe-
riod described in clause (i)(I) if the 
size or complexity of the covered in-
vestments in the qualified blind trust 
warrant such extension. 
‘‘(II) DURATION.—An extension 
granted under subclause (I) shall not 
exceed 90 days. 
‘‘(D) ILLIQUID INVESTMENTS.— 
‘‘(i) SALE.—Not later than 90 days 
after the date on which a covered person is 
contractually permitted to sell an illiquid 
investment, the covered person shall divest 
the illiquid investment. 
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‘‘(ii) PROHIBITION.—A covered person 
may not place an illiquid investment in any 
qualified blind trust under subparagraph 
(A). 
‘‘(E) TRUSTEES.—A trustee of a qualified 
blind trust— 
‘‘(i) shall be required to be a financial 
institution, as defined in section 1a of the 
Commodity Exchange Act (7 U.S.C. 1a); 
and 
‘‘(ii) except for a financial institution, 
may not be— 
‘‘(I) an attorney; 
‘‘(II) a certified public account-
ant; 
‘‘(III) a broker, as defined in sec-
tion 3(a) of the Securities Exchange 
Act of 1934 (15 U.S.C. 78c(a)); or 
‘‘(IV) an investment advisor. 
‘‘(3) EXTENSION OF ASSETS BEING PLACED IN 
QUALIFIED BLIND TRUSTS.—If a covered person is 
unable to place a covered investment in a qualified 
blind trust by the date described in paragraph 
(2)(A), the applicable Member of Congress may re-
quest, and the supervising ethics office may grant, 
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1 or more reasonable extensions, subject to the con-
ditions that— 
‘‘(A) the total period of time covered by all 
extensions granted for the covered investment 
shall not exceed 150 days; and 
‘‘(B) the period covered by a single exten-
sion shall be not longer than 45 days. 
‘‘(4) COMMUNICATIONS
REGARDING
EXISTING 
QUALIFIED BLIND TRUSTS.— 
‘‘(A) IN GENERAL.—Any direct or indirect 
communication relating to a qualified blind 
trust in existence on the applicable effective 
date described in subsection (j) between a trust-
ee of the qualified blind trust and an interested 
party shall be permissible for purposes of this 
title if the communication— 
‘‘(i)(I) is made— 
‘‘(aa) in writing; and 
‘‘(bb) not later than 60 days 
after that effective date; 
‘‘(II) is filed with the applicable su-
pervising ethics office by the person initi-
ating the communication not less than 5 
days before the date of the communication; 
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‘‘(III) relates to a direction or request 
to the trustee— 
‘‘(aa) to sell all initial property 
placed in the qualified blind trust by 
any interested party; or 
‘‘(bb) to convert all of an asset in 
the qualified blind trust into an in-
vestment other than a covered invest-
ment; and 
‘‘(ii) is otherwise permitted under sec-
tion 102(f)(3)(C)(vi). 
‘‘(5) COMMUNICATIONS
BETWEEN
COVERED 
PERSONS AND TRUSTEES RELATING TO ALL QUALI-
FIED BLIND TRUSTS.— 
‘‘(A) NOTIFICATION.—A trustee of a quali-
fied blind trust shall not notify a covered person 
if— 
‘‘(i) the value of the initial property of 
the qualified blind trust is less than 
$1,000; or 
‘‘(ii) the trustee divests any property 
of the qualified blind trust, other than the 
initial property required to be divested pur-
suant to paragraph (2). 
‘‘(B) COMMUNICATION.— 
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‘‘(i) IN GENERAL.—Any communica-
tion between a covered person and the 
trustee of the relevant qualified blind 
trust— 
‘‘(I) shall be in writing; and 
‘‘(II) submitted and approved in 
advance of the communication by the 
supervising ethics office. 
‘‘(ii) PROHIBITION.—A communica-
tion described in clause (i) may not include 
any information relating to the manner in 
which funds of the qualified blind trust are 
invested, including any information relat-
ing to— 
‘‘(I) any company in which the 
funds are invested; or 
‘‘(II) any sector in which the 
funds are invested. 
‘‘(6) EXCEPTION
FOR
DEPENDENTS.—A cov-
ered person who is a dependent child of a Member 
of Congress may have a legal guardian hold or trade 
on behalf of the dependent child 1 or more covered 
investments provided that the value of the covered 
investments in total does not exceed $10,000. 
‘‘(b) ACQUISITIONS DURING SERVICE.— 
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‘‘(1) IN GENERAL.—Subject to paragraph (2), 
and any applicable rules issued pursuant to sub-
section (h)(3), effective beginning on the date of en-
actment of the Ending Trading and Holdings in 
Congressional Stocks (ETHICS) Act, no covered 
person may acquire any covered investment. 
‘‘(2) INHERITANCES.— 
‘‘(A) IN
GENERAL.—Subject to subpara-
graph (B), a covered person who inherits a cov-
ered investment shall come into compliance as 
required under subsection (a) by not later than 
120 days after the date on which the covered 
investment is inherited. 
‘‘(B) EXTENSIONS.—If a covered person is 
unable to meet the requirements of subpara-
graph (A), the applicable Member of Congress 
may request, and the supervising ethics office 
may grant, 1 or more reasonable extensions, 
subject to the conditions that— 
‘‘(i) the total period of time covered 
by all extensions granted for the covered 
investment shall not exceed 150 days; and 
‘‘(ii) the period covered by a single ex-
tension shall be not longer than 45 days. 
‘‘(c) FAMILY TRUSTS.— 
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‘‘(1) IN GENERAL.—A supervising ethics office 
may grant an exemption for a family trust only if— 
‘‘(A) no covered person— 
‘‘(i) is a grantor of the family trust; 
‘‘(ii) contributed any asset to the fam-
ily trust; or 
‘‘(iii) has any authority over a trustee 
of the family trust, including the authority 
to appoint, replace, or direct the actions of 
such a trustee; and 
‘‘(B) the grantor of the family trust is or 
was a family member of the covered person. 
‘‘(2) REQUESTS.—A covered person seeking an 
exemption under paragraph (1) shall submit to the 
applicable supervising ethics office a request for the 
exemption, in writing, certifying that the conditions 
described in that paragraph are met. 
‘‘(3) PUBLICATION.—A supervising ethics office 
shall publish on the public website of the supervising 
ethics office— 
‘‘(A) a copy of each request submitted 
under paragraph (2); and 
‘‘(B) the written response of the super-
vising ethics office to each request described in 
subparagraph (A). 
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‘‘(d) MINGLING OF ASSETS.—A spouse or dependent 
child of a Member of Congress may place a covered invest-
ment in a qualified blind trust established by the Member 
of Congress under subsection (a)(1)(A)(ii). 
‘‘(e) SEPARATION FROM SERVICE AND COOLING-OFF 
PERIOD REQUIRED FOR CONTROL.—During the period 
beginning on the date on which an individual becomes a 
Member of Congress and ending on the date that is 90 
days after the date on which the individual ceases to serve 
as a Member of Congress, the Member of Congress, and 
any spouse or dependent child of the Member of Congress, 
may not— 
‘‘(1) dissolve any qualified blind trust in which 
a covered investment has been placed pursuant to 
subsection (a)(2); or 
‘‘(2) except as provided in this section, other-
wise control a covered investment, including pur-
chasing new covered investments. 
‘‘(f) REPORTING REQUIREMENTS.— 
‘‘(1) SUPERVISING ETHICS OFFICES.—Each su-
pervising ethics office shall make available on the 
public website of the supervising ethics office— 
‘‘(A) a copy of— 
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‘‘(i) each certification submitted to 
the supervising ethics office under sub-
section (a)(1); 
‘‘(ii) each qualified blind trust agree-
ment of each covered person; 
‘‘(iii) each notice and other docu-
mentation submitted to the supervising 
ethics office under this section; and 
‘‘(iv) each notice, ruling, and other 
documentation issued or received by the 
supervising ethics office under subsection 
(c); 
‘‘(B) a schedule of all assets placed in a 
qualified blind trust by each covered person and 
interested party; and 
‘‘(C) a description of each extension grant-
ed, and each civil penalty imposed, pursuant to 
this section. 
‘‘(2) TRUSTEES.—Each trustee of a qualified 
blind trust established by a covered person shall sub-
mit to the covered person and the applicable super-
vising ethics office a written notice in any case in 
which the trustee learns that an interested party has 
obtained knowledge of any trust property other than 
the initial property of the qualified blind trust. 
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‘‘(3) MEMBER OF CONGRESS.—Each Member of 
Congress who is a beneficiary of a qualified blind 
trust shall submit to the applicable supervising eth-
ics office— 
‘‘(A) a copy of the executed qualified blind 
trust agreement by not later than 30 days after 
the date of execution; 
‘‘(B) a list of each asset and each financial 
interest transferred to the qualified blind trust 
by an interested party by not later than 30 
days after the date of the transfer; 
‘‘(C) a copy of each notice submitted to the 
Member of Congress under paragraph (2) by 
not later than 30 days after the date of receipt; 
‘‘(D) a written notice that an interested 
party has obtained knowledge of any holding of 
the qualified blind trust by not later than the 
date that is 30 days after the date on which the 
Member of Congress discovered that the knowl-
edge had been obtained; and 
‘‘(E) a written notice of dissolution of the 
qualified blind trust by not later than 30 days 
after the date of dissolution. 
‘‘(4) FEDERAL BENEFITS.— 
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‘‘(A) COVERED PAYMENT.—In this para-
graph, the term ‘covered payment’— 
‘‘(i) means a payment of money or 
any other item of value made, or promised 
to be made, by the Federal Government; 
‘‘(ii) includes— 
‘‘(I) a loan agreement, contract, 
or grant made, or promised to be 
made, by the Federal Government, in-
cluding such an agreement, contract, 
or grant relating to agricultural activ-
ity; and 
‘‘(II) such other types of pay-
ment of money or items of value as 
the supervising ethics office, may es-
tablish, by guidance; and 
‘‘(iii) does not include— 
‘‘(I) any salary or compensation 
for service performed as, or reim-
bursement of personal outlay by, an 
officer or employee of the Federal 
Government; or 
‘‘(II) any tax refund (including a 
refundable tax credit). 
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‘‘(B) 
REPORTING
REQUIREMENT.—Not 
later than 30 days after the date of receipt of 
a notice of any application for, or receipt of, a 
covered payment by a covered person (including 
any business owned and controlled by the cov-
ered person), but in no case later than 45 days 
after the date on which the covered payment is 
made or promised to be made, the covered per-
son shall submit to the applicable supervising 
ethics office a report describing the covered 
payment. 
‘‘(g) ENFORCEMENT.— 
‘‘(1) DIVESTITURE OR PLACEMENT IN QUALI-
FIED BLIND TRUST.— 
‘‘(A) IN GENERAL.—The applicable super-
vising ethics office shall provide a written notice 
(including notice of the potential for civil pen-
alties under subparagraph (B)) to any Member 
of Congress if the Member of Congress, or 
spouse or dependent child of the Member of 
Congress— 
‘‘(i) fails to submit a certification 
under subsection (a)(1) by the date on 
which the certification is required to be 
submitted; 
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‘‘(ii) fails to divest or place in a quali-
fied blind trust a covered investment 
owned by, or in the custody of the covered 
person, in accordance with subsection 
(a)(2), subject to any extension under sub-
section (a)(3); or 
‘‘(iii) acquires an interest in a covered 
investment in violation of this section. 
‘‘(B) CIVIL PENALTIES.— 
‘‘(i) IN
GENERAL.—In the event of 
continuing noncompliance after issuance of 
the notice described in subparagraph (A), 
the supervising ethics office shall impose a 
civil penalty, in the amount described in 
clause (ii), on a Member of Congress to 
whom a notice is provided under clause (i) 
or (ii) of subparagraph (A)— 
‘‘(I) on the date that is 30 days 
after the date of provision of the no-
tice; and 
‘‘(II) during the period in which 
such noncompliance continues, not 
less frequently than once every 30 
days thereafter. 
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‘‘(ii) AMOUNT.—The amount of each 
civil penalty imposed on a Member of Con-
gress pursuant to clause (i) shall be equal 
to the greater of— 
‘‘(I) the monthly equivalent of 
the annual rate of pay payable to the 
Member of Congress; and 
‘‘(II) an amount equal to 10 per-
cent of the value of each covered in-
vestment that was not divested or 
placed into a qualified blind trust in 
violation of this section during the pe-
riod covered by the penalty. 
‘‘(2) COMMUNICATIONS.—The Attorney General 
of the United States shall file a civil action seeking 
to impose a civil penalty on any covered person or 
trustee of a qualified blind trust who violates sub-
section (a)(4), or otherwise discloses the contents of 
a qualified blind trust to any unauthorized indi-
vidual, equal to the greater of— 
‘‘(A) $10,000 per each communication; or 
‘‘(B) 1 percent of the value of the qualified 
blind trust on the date of the violation. 
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‘‘(h) DUTIES OF SUPERVISING ETHICS OFFICES.— 
Each supervising ethics office in the legislative branch 
shall— 
‘‘(1) impose and collect civil penalties in accord-
ance with subsection (g); 
‘‘(2) establish such procedures and standard 
forms as the supervising ethics office determines to 
be appropriate to implement this section; 
‘‘(3) issue such rules and guidelines as the su-
pervising ethics office determines to be appropriate 
for the implementation and application of this title; 
and 
‘‘(4) publish on a website all documents and 
communications described in this subsection. 
‘‘(i) RULE OF CONSTRUCTION.—Nothing in this sec-
tion shall be construed to prevent a covered person from 
owning or trading— 
‘‘(1) a diversified mutual fund; or 
‘‘(2) a publicly traded, diversified exchange 
traded fund. 
‘‘(j) EFFECTIVE DATE.—This section shall apply to 
each covered person beginning on the date on which the 
covered person (or with respect to a covered person that 
is a spouse or dependent child of a Member of Congress, 
the date on which that Member of Congress) commences 
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the first new term of service as a Member of Congress 
on or after January 31, 2023.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for chapter 131 of title 5, United States Code, is amended 
by adding at the end the following: 
‘‘SUBCHAPTER IV—CERTAIN ASSETS OF MEMBERS OF CONGRESS AND THEIR 
SPOUSES AND DEPENDENT CHILDREN 
‘‘13161. Definitions. 
‘‘13162. Trading covered investments. 
‘‘13163. Addressing owned covered investments.’’. 
(c) TECHNICAL AND CONFORMING AMENDMENTS.— 
(1) TITLE 5.—Title 5, United States Code, is 
amended— 
(A) in section 13103(f)— 
(i) in paragraph (9), by striking ‘‘as 
defined in section 13101 of this title’’; 
(ii) in paragraph (10), by striking ‘‘as 
defined in section 13101 of this title’’; 
(iii) in paragraph (11), by striking 
‘‘as defined in section 13101 of this title’’; 
and 
(iv) in paragraph (12), by striking ‘‘as 
defined in section 13101 of this title’’; and 
(B) in section 13122(f)(2)(B)— 
(i) by striking ‘‘Subject to clause (iv) 
of this subparagraph, before’’ each place it 
appears and inserting ‘‘Before’’; and 
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(ii) by striking clause (iv). 
(2) LOBBYING DISCLOSURE ACT OF 1995.—Sec-
tion 3(4)(D) of the Lobbying Disclosure Act of 1995 
(2 U.S.C. 1602(4)(D)) is amended by striking ‘‘leg-
islative branch employee serving in a position de-
scribed under section 13101(13) of title 5, United 
States Code’’ and inserting ‘‘officer or employee of 
Congress (as defined in section 13101 of title 5, 
United States Code)’’. 
(3) SECURITIES EXCHANGE ACT OF 1934.—Sec-
tion 21A of the Securities Exchange Act of 1934 (15 
U.S.C. 78u–1) is amended— 
(A) in subsection (g)(2)(B)(ii), by striking 
‘‘section 13101(11)’’ and inserting ‘‘section 
13101’’; and 
(B) in subsection (h)(2)— 
(i) in subparagraph (B), by striking 
‘‘in 
section 
13101(9)’’ 
and 
inserting 
‘‘under section 13101’’; and 
(ii) in subparagraph (C), by striking 
‘‘section 13101(10)’’ and inserting ‘‘in sec-
tion 13101’’. 
SEC. 3. PENALTY FOR STOCK ACT NONCOMPLIANCE. 
(a) FINES FOR FAILURE TO REPORT.— 
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(1) IN
GENERAL.—The STOCK Act (Public 
Law 112–105; 126 Stat. 291; 126 Stat. 1310; 127 
Stat. 438; 132 Stat. 4167) is amended by adding at 
the end the following: 
‘‘SEC. 20. FINES FOR FAILURE TO REPORT. 
‘‘(a) IN GENERAL.—Notwithstanding any other pro-
vision of law (including regulations), a reporting individual 
shall be assessed a fine, pursuant to regulations issued by 
the applicable supervising ethics office (including the Ad-
ministrative Office of the United States Courts, as appli-
cable), of $500 in each case in which the reporting indi-
vidual fails to file a transaction report required under this 
Act or an amendment made by this Act. 
‘‘(b) DEPOSIT IN THE TREASURY.—The fines paid 
under this section shall be deposited in the miscellaneous 
receipts of the Treasury.’’. 
(2) EFFECTIVE DATE.—The amendments made 
by paragraph (1) shall take effect on the date on 
which the reporting individual who is a Member of 
Congress commences the first new term of service as 
a Member of Congress on or after January 31, 
2023. 
(b) RULES, REGULATIONS, GUIDANCE, AND DOCU-
MENTS.—Not later than 1 year after the date of enact-
ment of this Act, each supervising ethics office (as defined 
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in section 2 of the STOCK Act (5 U.S.C. App. 101 note)) 
(including the Administrative Office of the United States 
Courts, as applicable) shall amend the rules, regulations, 
guidance, documents, papers, and other records of the su-
pervising ethics office in accordance with the amendment 
made by this section. 
SEC. 4. ELECTRONIC FILING AND ONLINE PUBLIC AVAIL-
ABILITY OF FINANCIAL DISCLOSURE FORMS. 
(a) MEMBERS OF CONGRESS AND CONGRESSIONAL 
STAFF.—Section 8(b)(1) of the STOCK Act (5 U.S.C. 
App. 105 note) is amended— 
(1) in the matter preceding subparagraph (A), 
by inserting ‘‘, pursuant to subchapter I of chapter 
131 of part IV of title 5, United States Code, 
through databases maintained on the official 
websites of the House of Representatives and the 
Senate’’ after ‘‘enable’’; and 
(2) by striking subparagraph (B) and the un-
designated matter following that subparagraph and 
inserting the following: 
‘‘(B) public access— 
‘‘(i) to each— 
‘‘(I) financial disclosure report 
filed by a Member of Congress or a 
candidate for Congress; 
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‘‘(II) transaction disclosure re-
port filed by a Member of Congress or 
a candidate for Congress pursuant to 
subsection (l) of that section; and 
‘‘(III) notice of extension, amend-
ment, or blind trust, with respect to a 
report described in subclause (I) or 
(II), pursuant to subchapter I of 
chapter 131 of part IV of title 5, 
United States Code; and 
‘‘(ii) in a manner that— 
‘‘(I) allows the public to search, 
sort, and download data contained in 
the reports described in subclause (I) 
or (II) of clause (i) by criteria re-
quired to be reported, including by 
filer name, asset, transaction type, 
ticker 
symbol, 
notification 
date, 
amount of transaction, and date of 
transaction; 
‘‘(II) allows access through an 
application 
programming 
interface; 
and 
‘‘(III) is fully compliant with— 
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‘‘(aa) section 508 of the Re-
habilitation Act of 1973 (29 
U.S.C. 794d); and 
‘‘(bb) the most recent Web 
Content Accessibility Guidelines 
(or successor guidelines).’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section take effect on the date that is 18 months after 
the date of enactment of this Act. 
SEC. 5. SEVERABILITY. 
If any provision of this Act, an amendment made by 
this Act, or the application of such provision or amend-
ment to any person or circumstance is held to be unconsti-
tutional, the remainder of this Act and of the amendments 
made by this Act, and the application of the remaining 
provisions of this Act and amendments to any person or 
circumstance, shall not be affected. 
Æ 
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