STOCK act delayed until April 2013
Congress has again delayed a law that would require senior federal workers to post financial disclosures online, moving the effective date from Dec. 8 to April 15, 2013.
The extension bill, H.R. 6634, approved with a voice vote in the House and by unanimous consent in the Senate, delays the enforcement of an online database established by the Stop Trading on Congressional Knowledge Act, (P.L. 112-105), to give Congress time to review if the rule compromises privacy and poses any national security risks.
President Obama signed the bill into law on Dec. 7.
The act mandates the online posting of the annual disclosure reports filed by federal personnel making at least $119,553 annually; it would affect about 28,000 executive branch employees. Currently, these financial disclosures are available by written request only.
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