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H.R. 3779IntroducedHouse · nowSenatePresidentLawIn committee
Sec. 6 · H.R. 3779

Electronic filing and online public availability of financial disclosure forms

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(a) Members of congress and congressional staff Section 8(b)(1) of the STOCK Act (5 U.S.C. 13107 note) is amended— (1) in the matter preceding subparagraph (A), by inserting, pursuant to chapter 131 of title 5, United States Code, through databases maintained on the official websites of the Senate and House of Representatives after enable; (2) in subparagraph (A), by striking reports received by them pursuant to section 13105(h)(1)(A) of title 5, United States Code, and and inserting each report received under section 13105(h)(1)(A) of title 5, United States Code; and; and (3) by striking subparagraph (B) and the undesignated matter following that subparagraph and inserting the following: (B) public access— (i) to each— (I) financial disclosure report filed by a Member of Congress or a candidate for Congress; (II) transaction disclosure report filed by a Member of Congress or a candidate for Congress pursuant to section 13105(l) of title 5, United States Code; and (III) notice of extension, amendment, or blind trust, with respect to a report described in subclause (I) or (II), pursuant to chapter 131 of title 5, United States Code; and (ii) in a manner that— (I) allows the public to search, sort, and download data contained in the reports described in subclause (I) or (II) of clause (i) by criteria required to be reported, including by filer name, asset, transaction type, ticker symbol, notification date, amount of transaction, and date of transaction; (II) allows access through an application programming interface; and (III) is fully compliant with— (aa) section 508 of the Rehabilitation Act of 1973 (29 U.S.C. 794d); and (bb) the most recent Web Content Accessibility Guidelines (or successor guidelines).. (b) Very senior executive branch employees Section 11(b)(1) of the STOCK Act (Public Law 112–105; 126 Stat. 299) is amended— (1) in the matter preceding subparagraph (A), by inserting, pursuant to chapter 131 of title 5, United States Code, through databases maintained on the official website of the Office of Government Ethics after enable; and (2) by striking subparagraph (B) and the undesignated matter following that subparagraph and inserting the following: (B) public access— (i) to each— (I) financial disclosure report filed by the President, Vice President, or an officer occupying a position listed in section 5312 or 5313 of title 5, United States Code, having been nominated by the President and confirmed by the Senate to that position; (II) transaction disclosure report filed by an individual described in subclause (I) pursuant to section 13105(l) of title 5, United States Code; and (III) notice of extension, amendment, or blind trust, with respect to a report described in subclause (I) or (II), pursuant to chapter 131 of title 5, United States Code; and (ii) in a manner that— (I) allows the public to search, sort, and download data contained in the reports described in subclause (I) or (II) of clause (i) by criteria required to be reported, including by filer name, asset, transaction type, ticker symbol, notification date, amount of transaction, and date of transaction; (II) allows access through an application programming interface; and (III) is fully compliant with— (aa) section 508 of the Rehabilitation Act of 1973 (29 U.S.C. 794d); and (bb) the most recent Web Content Accessibility Guidelines (or successor guidelines).. (c) Judicial officers Section 9 of the STOCK Act (Public Law 112–105; 126 Stat. 297) is amended by adding at the end the following: (c) Judicial officers (1) In general Subject to paragraph (6), not later than 1 year after the date of enactment of this subsection, the Administrative Office of the United States Courts shall develop a system to enable, pursuant to chapter 131 of title 5, United States Code, through a database maintained on the official website of the Administrative Office of the United States Courts— (A) electronic filing of reports received from judicial officers pursuant to that chapter; and (B) public access— (i) to each— (I) financial disclosure report filed by a judicial officer; (II) transaction disclosure report filed by a judicial officer pursuant to section 13105(l) of title 5, United States Code; and (III) notice of extension, amendment, or blind trust, with respect to a report described in subclause (I) or (II), pursuant to chapter 131 of title 5, United States Code; and (ii) in a manner that— (I) allows the public to search, sort, and download data contained in a report described in clause (i) by criteria required to be reported, including by filer name, asset, transaction type, ticker symbol, notification date, amount of transaction, and date of transaction; (II) allows access through an application programming interface; and (III) is fully compliant with— (aa) section 508 of the Rehabilitation Act of 1973 (29 U.S.C. 794d); and (bb) the most recent Web Content Accessibility Guidelines (or successor guidelines). (2) Login For purposes of filings under paragraph (1)(B), section 13107(b)(2) of title 5, United States Code, shall not apply. (3) Public availability The electronic availability of filings under paragraph (1)(B) on the official website of the Administrative Office of the United States Courts shall be deemed to meet the public availability requirement under section 13107(b)(1) of title 5, United States Code. (4) Filers covered Each judicial officer who is required under chapter 131 of title 5, United States Code, to file a financial disclosure report with a supervising ethics office shall be able to file that report electronically using the applicable system developed under this subsection. (5) Extensions Each notice of an extension for a financial disclosure covered by this subsection shall be made available electronically under paragraph (1)(B), together with any related disclosure. (6) Additional time The requirements of this subsection may be implemented after the date described in paragraph (1) if the Administrative Office of the United States Courts identifies in writing to the relevant congressional committees the additional time needed for that implementation.. (d) Officers of Federal reserve banks Section 9 of the STOCK Act (Public Law 112–105; 126 Stat. 297) (as amended by subsection (c)) is amended by adding at the end the following: (d) Officers of Federal reserve banks (1) Definitions In this subsection: (A) Covered person The term covered person means— (i) a president of a Federal Reserve bank; (ii) a vice president of a Federal Reserve bank; (iii) a director of a Federal Reserve bank; or (iv) the spouse or dependent child of an individual described in clause (i), (ii), or (iii). (B) Dependent child The term dependent child means any individual who is— (i) under the age of 19; and (ii) a dependent of an individual described in clause (i), (ii), or (iii) of subparagraph (A) within the meaning of section 152 of the Internal Revenue Code of 1986. (C) Supervising ethics office The term supervising ethics office means the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection. (2) Electronic filing and online public availability of financial disclosure forms (A) In general Subject to subparagraph (F), not later than 1 year after the date of enactment of this subsection, the supervising ethics office shall develop a system to enable, pursuant to chapter 131 of title 5, United States Code, through a database maintained on the official website of the supervising ethics office— (i) electronic filing of reports received from covered persons pursuant to that chapter; and (ii) public access— (I) to each— (aa) financial disclosure report filed by a covered person; (bb) transaction disclosure report filed by a covered person pursuant to section 13105(l) of title 5, United States Code; and (cc) notice of extension, amendment, or blind trust, with respect to a report described in item (aa) or (bb), pursuant to that chapter; and (II) in a manner that— (aa) allows the public to search, sort, and download data contained in a report described in subclause (I) by criteria required to be reported, including by filer name, asset, transaction type, ticker symbol, notification date, amount of transaction, and date of transaction; (bb) allows access through an application programming interface; and (cc) is fully compliant with— (AA) section 508 of the Rehabilitation Act of 1973 (29 U.S.C. 794d); and (BB) the most recent Web Content Accessibility Guidelines (or successor guidelines). (B) Login For purposes of filings under subparagraph (A)(ii), section 13107(b)(2) of title 5, United States Code, shall not apply. (C) Public availability The electronic availability of filings under subparagraph (A)(ii) on the official website of a supervising ethics office shall be deemed to meet the public availability requirement under section 13107(b)(1) of title 5, United States Code. (D) Filers covered Each covered person who is required under chapter 131 of title 5, United States Code, to file a financial disclosure report with a supervising ethics office shall be able to file that report electronically using the applicable system developed under this paragraph. (E) Extensions Each notice of an extension for a financial disclosure covered by this paragraph shall be made available electronically under subparagraph (A)(ii), together with any related disclosure. (F) Additional time The requirements of this paragraph may be implemented after the date described in subparagraph (A) if a supervising ethics office identifies in writing to the relevant congressional committees the additional time needed for that implementation.. (e) Applicability The amendments made by this section shall apply on and after the date that is 18 months after the date of enactment of this Act.

Sec. 6: Electronic filing and online public availability of financial disclosure forms · Public Law Tracker