[Congressional Record (Bound Edition), Volume 158 (2012), Part 11]
[Senate]
[Page 14855]
[From the U.S. Government Publishing Office, www.gpo.gov]




  CHANGING THE EFFECTIVE DATE FOR THE INTERNET PUBLICATION OF CERTAIN 
                              INFORMATION

  Mr. PRYOR. Mr. President, I ask unanimous consent the Senate proceed 
to the immediate consideration of S. 3625 introduced earlier today.
  The PRESIDING OFFICER. The clerk will report the bill by title.
  The legislative clerk read as follows:

       A bill (S. 3625) 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.

  There being no objection, the Senate proceeded to consider the bill.
  Mr. PRYOR. Mr. President, I ask unanimous consent the bill be read 
three times and passed, the motion to reconsider be laid upon the table 
with no intervening action or debate, and any statements related to the 
bill be printed in the Record.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 3625) was ordered to be engrossed for a third reading, 
was read the third time, and passed, as follows:

                                S. 3625

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

     SECTION 1. 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.

     SEC. 2. 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.

     SEC. 3. 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)).

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