A bill to modify the requirements under the STOCK Act regarding online access to certain financial disclosure statements and related forms.

Bill: 113-s-716
Sponsor: full_name: Sen. Reid, Harry [D-NV]
Introduced: 2013-04-11
Policy area: Government Operations and Politics
Subjects: Congressional officers and employees

Federal officials

Financial services and investments

Government employee pay, benefits, personnel management

Government ethics and transparency, public corruption

Government information and archives

Presidents and presidential powers, Vice Presidents

Securities
Latest action: action_date: 2013-04-15
text: Became Public Law No: 113-7.

Summaries:
action_date: 2013-04-11
action_desc: Introduced in Senate
text: <p>Amends the Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act) with respect to mandatory public, on-line reporting of financial disclosure statements by congressional staff and executive branch officers and employees.</p> <p>Applies mandatory public, on-line reporting of financial disclosure statements only to Members of Congress, congressional candidates, the President, the Vice President, and executive branch officers at levels I and II of the Executive Schedule who require nomination by the President and confirmation by the Senate.</p> <p>Extends until January 1, 2014, the deadline for:</p> <ul> <li> the Secretary, the Sergeant at Arms, and the Clerk to develop systems to enable the electronic filing of financial disclosure reports as well as their on-line public availability;</li> <li>the Director of the Office of Government Ethics to develop such systems for financial disclosure forms filed by covered executive branch officials.</li> </ul> <p>Repeals: (1) the prohibition against requiring a login to search or sort the data contained in the publicly available financial disclosure systems, and (2) the requirement that a login protocol with the name of the user be utilized by a person downloading data contained in the reports.</p>

action_date: 2013-04-15
action_desc: Public Law
text: <p><b>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</b></p> <p>Amends the Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act) with respect to mandatory public, on-line reporting of financial disclosure statements by congressional staff and executive branch officers and employees.</p> <p>Applies mandatory public, on-line reporting of financial disclosure statements only to Members of Congress, congressional candidates, the President, the Vice President, and executive branch officers at levels I and II of the Executive Schedule who require nomination by the President and confirmation by the Senate.</p> <p>Extends until January 1, 2014, the deadline for:</p> <ul> <li> the Secretary, the Sergeant at Arms, and the Clerk to develop systems to enable the electronic filing of financial disclosure reports as well as their on-line public availability;</li> <li>the Director of the Office of Government Ethics to develop such systems for financial disclosure forms filed by covered executive branch officials.</li> </ul> <p>Repeals: (1) the prohibition against requiring a login to search or sort the data contained in the publicly available financial disclosure systems, and (2) the requirement that a login protocol with the name of the user be utilized by a person downloading data contained in the reports.</p>

tv_txt: II 113th CONGRESS 1st Session S. 716 IN THE SENATE OF THE UNITED STATES April 11, 2013 Mr. Reid introduced the following bill; which was read twice, considered, read the third time, and passed A BILL To modify the requirements under the STOCK Act regarding online access to certain financial disclosure statements and related forms.

1. Modifications of online access to certain financial disclosure statements and related forms (a) Public, online disclosure of financial disclosure forms (1) In general Except with respect to financial disclosure forms filed by officers and employees referred to in paragraph (2), section 8(a) and section 11(a) of the STOCK Act (5 U.S.C. App. 105 note) shall not be effective. (2) Exempted officers and employees The officer and employees referred to in paragraph (1) are the following: (A) The President. (B) The Vice President. (C) Any Member of Congress. (D) Any candidate for Congress. (E) Any officer occupying a position listed in section 5312 or section 5313 of title 5, United States Code, having been nominated by the President and confirmed by the Senate to that position. (3) Conforming amendment Section 1 of the Act entitled 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 is repealed. (b) Electronic filing and online availability (1) For members of congress and candidates Section 8(b) of the STOCK Act (5 U.S.C. App. 105 note) is amended— (A) in the heading, by striking , officers of the house and senate, and congressional staff ; (B) in paragraph (1)— (i) by striking 18 months after the date of enactment of this Act and inserting January 1, 2014 ; (ii) by amending subparagraph (B) to read as follows: (B) public access to— (i) financial disclosure reports filed by Members of Congress and candidates for Congress, (ii) reports filed by Members of Congress and candidates for Congress of a transaction disclosure required by section 103(l) of the Ethics in Government Act of 1978, and (iii) notices of extensions, amendments, and blind trusts, with respect to financial disclosure reports described in clauses (i) and (ii), pursuant to title I of the Ethics in Government Act of 1978 (5 U.S.C. App. 101 et seq.), through databases that are maintained on the official websites of the House of Representatives and the Senate. ; (C) in paragraph (2)— (i) by striking the first two sentences; and (ii) in the last sentence, by striking under this section and inserting under paragraph (1)(B) ; (D) in paragraph (3), by striking under this subsection and inserting under paragraph (1)(B) ; (E) in paragraph (4), by inserting be able to after shall ; and (F) in paragraph (5), by striking under this subsection and inserting under paragraph (1)(B) . (2) For executive branch officials Section 11(b) of the STOCK Act (5 U.S.C. App. 105 note) is amended— (A) in the heading, by striking employees and inserting officials ; (B) in paragraph (1)— (i) by striking 18 months after the date of enactment of this Act and inserting January 1, 2014 ; (ii) by amending subparagraph (B) to read as follows: (B) public access to— (i) financial disclosure reports filed by the President, the Vice President, and any officer occupying a position listed in section 5312 or section 5313 of title 5, United States Code, having been nominated by the President and confirmed by the Senate to that position, (ii) reports filed by any individual described in clause (i) of a transaction disclosure required by section 103(l) of the Ethics in Government Act of 1978, and (iii) notices of extensions, amendments, and blind trusts, with respect to financial disclosure reports described in clauses (i) and (ii), pursuant to title I of the Ethics in Government Act of 1978 (5 U.S.C. App. 101 et seq.), through databases that are maintained on the official website of the Office of Government Ethics. ; (C) in paragraph (2)— (i) by striking the first two sentences; and (ii) in the last sentence, by striking under this section and inserting under paragraph (1)(B) ; (D) in paragraph (3), by striking under this subsection and inserting under paragraph (1)(B) ; (E) in paragraph (4), by inserting be able to after shall ; and (F) in paragraph (5), by striking under this subsection and inserting under paragraph (1)(B) .

tv_txt: One Hundred Thirteenth Congress of the United States of America 1st Session Begun and held at the City of Washington on Thursday, the third day of January, two thousand and thirteen S. 716 IN THE SENATE OF THE UNITED STATES AN ACT To modify the requirements under the STOCK Act regarding online access to certain financial disclosure statements and related forms.

1. Modifications of online access to certain financial disclosure statements and related forms (a) Public, online disclosure of financial disclosure forms (1) In general Except with respect to financial disclosure forms filed by officers and employees referred to in paragraph (2), section 8(a) and section 11(a) of the STOCK Act (5 U.S.C. App. 105 note) shall not be effective. (2) Exempted officers and employees The officer and employees referred to in paragraph (1) are the following: (A) The President. (B) The Vice President. (C) Any Member of Congress. (D) Any candidate for Congress. (E) Any officer occupying a position listed in section 5312 or section 5313 of title 5, United States Code, having been nominated by the President and confirmed by the Senate to that position. (3) Conforming amendment Section 1 of the Act entitled 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 is repealed. (b) Electronic filing and online availability (1) For members of congress and candidates Section 8(b) of the STOCK Act (5 U.S.C. App. 105 note) is amended— (A) in the heading, by striking , officers of the house and senate, and congressional staff ; (B) in paragraph (1)— (i) by striking 18 months after the date of enactment of this Act and inserting January 1, 2014 ; (ii) by amending subparagraph (B) to read as follows: (B) public access to— (i) financial disclosure reports filed by Members of Congress and candidates for Congress, (ii) reports filed by Members of Congress and candidates for Congress of a transaction disclosure required by section 103(l) of the Ethics in Government Act of 1978, and (iii) notices of extensions, amendments, and blind trusts, with respect to financial disclosure reports described in clauses (i) and (ii), pursuant to title I of the Ethics in Government Act of 1978 (5 U.S.C. App. 101 et seq.), through databases that are maintained on the official websites of the House of Representatives and the Senate. ; (C) in paragraph (2)— (i) by striking the first two sentences; and (ii) in the last sentence, by striking under this section and inserting under paragraph (1)(B) ; (D) in paragraph (3), by striking under this subsection and inserting under paragraph (1)(B) ; (E) in paragraph (4), by inserting be able to after shall ; and (F) in paragraph (5), by striking under this subsection and inserting under paragraph (1)(B) . (2) For executive branch officials Section 11(b) of the STOCK Act (5 U.S.C. App. 105 note) is amended— (A) in the heading, by striking employees and inserting officials ; (B) in paragraph (1)— (i) by striking 18 months after the date of enactment of this Act and inserting January 1, 2014 ; (ii) by amending subparagraph (B) to read as follows: (B) public access to— (i) financial disclosure reports filed by the President, the Vice President, and any officer occupying a position listed in section 5312 or section 5313 of title 5, United States Code, having been nominated by the President and confirmed by the Senate to that position, (ii) reports filed by any individual described in clause (i) of a transaction disclosure required by section 103(l) of the Ethics in Government Act of 1978, and (iii) notices of extensions, amendments, and blind trusts, with respect to financial disclosure reports described in clauses (i) and (ii), pursuant to title I of the Ethics in Government Act of 1978 (5 U.S.C. App. 101 et seq.), through databases that are maintained on the official website of the Office of Government Ethics. ; (C) in paragraph (2)— (i) by striking the first two sentences; and (ii) in the last sentence, by striking under this section and inserting under paragraph (1)(B) ; (D) in paragraph (3), by striking under this subsection and inserting under paragraph (1)(B) ; (E) in paragraph (4), by inserting be able to after shall ; and (F) in paragraph (5), by striking under this subsection and inserting under paragraph (1)(B) .

Speaker of the House of Representatives Vice President of the United States and President of the Senate

tv_txt: 113th CONGRESS 1st Session S. 716 IN THE SENATE OF THE UNITED STATES AN ACT To modify the requirements under the STOCK Act regarding online access to certain financial disclosure statements and related forms.

1. Modifications of online access to certain financial disclosure statements and related forms (a) Public, online disclosure of financial disclosure forms (1) In general Except with respect to financial disclosure forms filed by officers and employees referred to in paragraph (2), section 8(a) and section 11(a) of the STOCK Act (5 U.S.C. App. 105 note) shall not be effective. (2) Exempted officers and employees The officer and employees referred to in paragraph (1) are the following: (A) The President. (B) The Vice President. (C) Any Member of Congress. (D) Any candidate for Congress. (E) Any officer occupying a position listed in section 5312 or section 5313 of title 5, United States Code, having been nominated by the President and confirmed by the Senate to that position. (3) Conforming amendment Section 1 of the Act entitled 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 is repealed. (b) Electronic filing and online availability (1) For members of congress and candidates Section 8(b) of the STOCK Act (5 U.S.C. App. 105 note) is amended— (A) in the heading, by striking , officers of the house and senate, and congressional staff ; (B) in paragraph (1)— (i) by striking 18 months after the date of enactment of this Act and inserting January 1, 2014 ; (ii) by amending subparagraph (B) to read as follows: (B) public access to— (i) financial disclosure reports filed by Members of Congress and candidates for Congress, (ii) reports filed by Members of Congress and candidates for Congress of a transaction disclosure required by section 103(l) of the Ethics in Government Act of 1978, and (iii) notices of extensions, amendments, and blind trusts, with respect to financial disclosure reports described in clauses (i) and (ii), pursuant to title I of the Ethics in Government Act of 1978 (5 U.S.C. App. 101 et seq.), through databases that are maintained on the official websites of the House of Representatives and the Senate. ; (C) in paragraph (2)— (i) by striking the first two sentences; and (ii) in the last sentence, by striking under this section and inserting under paragraph (1)(B) ; (D) in paragraph (3), by striking under this subsection and inserting under paragraph (1)(B) ; (E) in paragraph (4), by inserting be able to after shall ; and (F) in paragraph (5), by striking under this subsection and inserting under paragraph (1)(B) . (2) For executive branch officials Section 11(b) of the STOCK Act (5 U.S.C. App. 105 note) is amended— (A) in the heading, by striking employees and inserting officials ; (B) in paragraph (1)— (i) by striking 18 months after the date of enactment of this Act and inserting January 1, 2014 ; (ii) by amending subparagraph (B) to read as follows: (B) public access to— (i) financial disclosure reports filed by the President, the Vice President, and any officer occupying a position listed in section 5312 or section 5313 of title 5, United States Code, having been nominated by the President and confirmed by the Senate to that position, (ii) reports filed by any individual described in clause (i) of a transaction disclosure required by section 103(l) of the Ethics in Government Act of 1978, and (iii) notices of extensions, amendments, and blind trusts, with respect to financial disclosure reports described in clauses (i) and (ii), pursuant to title I of the Ethics in Government Act of 1978 (5 U.S.C. App. 101 et seq.), through databases that are maintained on the official website of the Office of Government Ethics. ; (C) in paragraph (2)— (i) by striking the first two sentences; and (ii) in the last sentence, by striking under this section and inserting under paragraph (1)(B) ; (D) in paragraph (3), by striking under this subsection and inserting under paragraph (1)(B) ; (E) in paragraph (4), by inserting be able to after shall ; and (F) in paragraph (5), by striking under this subsection and inserting under paragraph (1)(B) .

Passed the Senate April 11, 2013. Secretary