Tuesday, April 16

Signed Legislation: the STOCK Act: S 716

Follow the 1461
Like us on Facebook - click here!


One Hundred Thirteenth Congress 
of the 
United States of America 

AT THE FIRST SESSION 

Begun and held at the City of Washington on Thursday, 
the third day of January, two thousand and thirteen 

An Act 

To modify the requirements under the STOCK Act regarding online access to 
certain financial disclosure statements and related forms. 
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 

SECTION 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the military officers and civilian employees to whom the publication requirement applies, and for other purposes’’ is repealed.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.’’;

Read the Full Bill by clicking here to open a PDF copy

614026_BA26 300x250


Join the conversation and post your thoughts in the comments! Read the 1461 Comment Guidelines.

1461 is read by over 1.2 Million People and growing Daily! Help the 1461 continue to Grow and spread the truth - invite your friends and family to join the 1461 and learn the truth rather than BS!

Join our Facebook page by clicking here!

No comments:

Post a Comment

Welcome to the 1461. Join the conversation.
If this is your first visit - read the Comment Guidelines

Remember you have a Constitutionally protected right to anonymous political free speech, not a free pass to be an ass.