Changed effective date for financial disclosure forms of certain officers and employees

(a)

In general

Except with respect to financial disclosure forms filed by officers and employees referred to in subsection (b), section 8(a)(1) and section 11(a)(1) of the STOCK Act (5 U.S.C. App. 105 note) shall take effect on December 8, 2012. (b)

Financial Disclosure Forms Not Subject to New Effective Date

Financial disclosure forms filed by the following individuals shall not be subject to the effective date under this section: (1)The President. (2)The Vice President. (3)Any Member of Congress. (4)Any candidate for Congress. (5)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.

Study and report

(a)

In general

Not later than 30 days after the date of enactment of this Act, the Director of the Office of Personnel Management shall contract with the National Academy of Public Administration (referred to in this section as the National Academy) to— (1)conduct a study of issues raised by website publication of financial disclosure forms as is required under the STOCK Act (Public Law 112–105; 126 Stat. 291); and (2)issue a report containing findings and recommendations. (b)

Scope of Study

The study conducted under subsection (a)(1) shall— (1)examine the nature, scope, and degree of risk, including risk of harm to national security, law enforcement, or other Federal missions and risk of endangerment, including to personal safety and security, financial security (such as through identity theft), and privacy, of officers and employees and their family members, that may be posed by website and other publication of financial disclosure forms and associated personal information; (2)examine any harm that may have arisen from the current online availability of financial disclosure forms and associated personal information of employees of the legislative branch, including any harm to national security, law enforcement, or other Federal missions and any endangerment that may have occurred, including to personal safety and security, financial security (such as through identity theft), and privacy, of such legislative branch officers and employees or their family members; and (3)include any other analysis that the National Academy believes is necessary or desirable on the topic of the study. (c)

Report

Not later than 6 months after the date of enactment of this Act, the National Academy shall submit to Congress and the President a report that contains— (1)the findings of the study conducted under subsection (a)(1); (2)recommendations for ways to avoid or mitigate the risks identified in the study conducted under subsection (a)(1), consistent with the goal of providing appropriate public disclosure of potential conflicts of interest or instances of insider trading by Federal officers or employees; and (3)any other recommendations that the National Academy believes are necessary or desirable.

Periodic transaction reports for transactions of spouses and children

(a)

In general

(1)

Date reporting requirement commences in House of Representatives and Executive Branch

Section 2 of the Act entitled An Act to prevent harm to the national security or endangering the military officers and civilian employees to whom internet publication of certain information applies, and for other purposes, approved August 16, 2012 (5 U.S.C. App. 103 note), is amended by striking September 30, 2012 and inserting January 1, 2013. (2)

Extension to Executive Branch

Section 2 of the Act entitled An Act to prevent harm to the national security or endangering the military officers and civilian employees to whom internet publication of certain information applies, and for other purposes, approved August 16, 2012 (5 U.S.C. App. 103 note), is amended by striking for reporting individuals and all that follows through House of Representatives. (3)

Technical and conforming amendment

Section 2 of the Act entitled An Act to prevent harm to the national security or endangering the military officers and civilian employees to whom internet publication of certain information applies, and for other purposes, approved August 16, 2012 (5 U.S.C. App. 103 note), is amended by striking such section 101 and inserting section 101 of such Act (5 U.S.C. App. 101). (b)

Effective date; rule of construction

(1)

Effective date

The amendments made by subsection (a) shall take effect on January 1, 2013. (2)

Rule of construction

Before January 1, 2013, the amendments made by subsection (a) shall not affect the applicability of section 2 of the Act entitled An Act to prevent harm to the national security or endangering the military officers and civilian employees to whom internet publication of certain information applies, and for other purposes, approved August 16, 2012 (5 U.S.C. App. 103 note), as in effect on the day before the effective date under paragraph (1). (c)

Savings clause

Nothing in the amendments made by subsection (a) shall be construed as affecting any requirement with respect to the House of Representatives or the executive branch in effect before January 1, 2013, with respect to the inclusion of transaction information for a report under section 103(l) of the Ethics in Government Act of 1978 (5 U.S.C. App. 103(l)). (d)

No Change to Existing Senate Requirements

Nothing in this section or the amendments made this section shall be construed as affecting the requirement that took effect with respect to the Senate on July 3, 2012, which mandates the inclusion of transaction information for spouses and dependent children for a report under section 103(l) of the Ethics in Government Act of 1978 (5 U.S.C. App. 103(l)).