[Congressional Record Volume 159, Number 48 (Thursday, April 11, 2013)]
[Senate]
[Pages S2583-S2584]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
MODIFYING THE REQUIREMENTS UNDER THE STOCK ACT
Mr. COONS. Madam President, I ask unanimous consent the Senate
proceed to the consideration of S. 716, introduced earlier today.
The PRESIDING OFFICER. The clerk will report the bill by title.
The legislative clerk read as follows:
A bill (S. 716) to modify the requirements under the STOCK
Act regarding online access to certain financial disclosure
statements and related forms.
There being no objection, the Senate proceeded to consider the bill.
Mr. COONS. I ask unanimous consent that the bill be read three times
and
[[Page S2584]]
passed and the motion to reconsider be laid upon the table, with no
intervening action or debate.
The PRESIDING OFFICER. Without objection, it is so ordered.
The bill (S. 716) was ordered to be engrossed for a third reading,
was read the third time and passed, as follows:
S. 716
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applies, and for other purposes'' is repealed.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.'';
(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)''.
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