119-hr3779

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3779 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 3779

To amend chapter 131 of title 5, United States Code, and the STOCK Act 
 to require certain senior officials to report payments received from 
 the Federal Government, to improve the filing and disclosure of 
financial disclosures by Members of Congress, congressional staff, very 
 senior employees, and others, and to ban stock trading for certain 
 senior Government officials, and for other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 June 5, 2025

Mr. Min (for himself, Ms. Norton, Ms. Ansari, Mr. Levin, Ms. Tlaib, Mr. 
 Deluzio, Mrs. Ramirez, Mr. Keating, Mr. Horsford, and Mr. Stanton) 
 introduced the following bill; which was referred to the Committee on 
 Oversight and Government Reform, and in addition to the Committees on 
 House Administration, the Judiciary, and Ways and Means, for a period 
 to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
 committee concerned

_______________________________________________________________________

 A BILL

To amend chapter 131 of title 5, United States Code, and the STOCK Act 
 to require certain senior officials to report payments received from 
 the Federal Government, to improve the filing and disclosure of 
financial disclosures by Members of Congress, congressional staff, very 
 senior employees, and others, and to ban stock trading for certain 
 senior Government officials, and for other purposes.

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

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``STOCK Act 2.0''.

SEC. 2. REPORTING OF APPLICATIONS FOR, OR RECEIPT OF, PAYMENTS FROM 
 FEDERAL GOVERNMENT.

    (a) In General.--

Section 13103 of title 5, United States Code, is 
amended by adding at the end the following:
 ``
            (i) Reporting of Applications for, or Receipt of, Payments From 
Federal Government.--
 ``

    (1) === Definitions. ===
-In this subsection:
 ``
        (A) Covered payment.--
 ``
            (i) In general.--The term `covered 
 payment' means a payment of money or any other 
 item of value made, or promised to be made, by 
 the Federal Government.
 ``
            (ii) Inclusions.--The term `covered 
 payment' includes--
 ``
            (I) a loan agreement, contract, 
 or grant made, or promised to be made, 
 by the Federal Government; and
 ``
            (II) such other types of payment 
 of money or items of value as the 
 Secretary of the Treasury, in 
 consultation with the Director of the 
 Office of Government Ethics, may 
 establish, by regulation.
 ``
            (iii) Exclusions.--The term `covered 
 payment' does not include--
 ``
            (I) any salary or compensation 
 for service performed as, or 
 reimbursement of personal outlay by, an 
 officer or employee of the Federal 
 Government; or
 ``
            (II) any tax refund (including a 
 refundable tax credit).
 ``
        (B) Covered person.--The term `covered person' 
 means--
 ``
            (i) an individual described in any of 
 paragraphs

    (1) through

    (10) of 

section 13105
            (l) ; or
 ``
            (ii) a spouse or dependent child of an 
 individual described in clause
            (i) .
 ``
            (C) Dependent child.--The term `dependent child' 
 means, with respect to any individual described in 
 subparagraph
        (B)
            (i) , any individual who is--
 ``
            (i) under the age of 19; and
 ``
            (ii) a dependent of the individual 
 described in subparagraph
        (B)
            (i) within the 
 meaning of 

section 152 of the Internal Revenue 
 Code of 1986.
 ``

    (2) Reporting requirement.--Not later than 30 days after 
 the date of receipt of a notice of any application for, or 
 receipt of, a covered payment by a covered person (including 
 any business owned and controlled by the covered person), but 
 in no case later than 45 days after the date on which the 
 covered payment is made or promised to be made, the covered 
 person shall submit to the applicable supervising ethics office 
 a report describing the covered payment.
 ``

    (3) Fine for failure to report.--Notwithstanding 

section 13106
            (d) , a covered person shall be assessed a fine, pursuant 
 to regulations issued by the applicable supervising ethics 
 office, of $5,000 in each case in which the covered person 
 fails to file a report required under this subsection.''.

    (b) Report Contents.--

Section 13104 of title 5, United States Code, 
is amended by adding at the end the following:
 ``

    (j) Payments From Federal Government.--Each report filed pursuant 
to subsection
            (i) of 

section 13103 shall include--
 ``

    (1) an identification of each type of payment or item of 
 value applied for, or received, from the Federal Government;
 ``

    (2)
        (A) the name of each recipient of each payment or item 
 of value identified under paragraph

    (1) ; and
 ``
        (B) the relationship of each recipient named 
 under subparagraph
        (A) to the person filing the report;
 ``

    (3) a description of the date on which, as applicable--
 ``
        (A) an application for a payment or other item of 
 value was submitted to the Federal Government; and
 ``
        (B) the payment or item of value was received 
 from the Federal Government; and
 ``

    (4) a description of the amount of each applicable 
 payment or item of value.''.
            (c) Technical and Conforming Amendments.--

    (1) Persons required to file.--

Section 13103

    (f) of title 5, 
 United States Code, is amended--
        (A) in paragraph

    (9) , by striking ``as defined in 
 

section 13101 of this title'';
        (B) in paragraph

    (10) , by striking ``as defined in 
 

section 13101 of this title'';
            (C) in paragraph

    (11) , by striking ``as defined in 
 

section 13101 of this title''; and
            (D) in paragraph

    (12) , by striking ``as defined in 
 

section 13101 of this title''.

    (2) Contents of reports.--

Section 13104

    (a) of title 5, 
 United States Code, is amended in the matter preceding 
 paragraph

    (1) , by striking ``

section 13103
            (d) and

    (e) '' and 
 inserting ``subsection
            (d) or

    (e) of 

section 13103''.
            (d) Effective Date.--The amendments made by this section shall 
apply to relevant applications submitted to, and payments made or 
promised to be made by, the Federal Government on or after the date 
that is 90 days after the date of enactment of this Act.

SEC. 3. INCLUSION OF FEDERAL RESERVE OFFICIALS.

    (a) In General.--Notwithstanding any other provision of law, each 
provision of law described in subsection

    (b) shall apply to a 
president, vice president, or director of a Federal Reserve bank.

    (b) Description of Provisions of Law.--The provisions of law 
referred to in subsection

    (a) are--

    (1) subchapter I of chapter 131 of title 5, United States 
 Code;

    (2) the STOCK Act (Public Law 112-105; 126 Stat. 291); and

    (3) subsections

    (h) and
            (i) of 

section 21A of the 
 Securities Exchange Act of 1934 (15 U.S.C. 78u-1).
            (c) Supervising Ethics Office.--For purposes of this section and 
the provisions of law described in subsection

    (b) , the supervising 
ethics office for a president of a Federal Reserve bank, vice president 
of a Federal Reserve bank, or director of a Federal Reserve bank shall 
be the Inspector General of the Board of Governors of the Federal 
Reserve System and the Bureau of Consumer Financial Protection.

SEC. 4. PENALTY FOR NONCOMPLIANCE.

    (a) In General.--

Section 13106

    (a)

    (2)
        (B)
            (ii) of title 5, United 
States Code, is amended by striking ``fined under title 18'' and 
inserting ``fined $1,000 in each case in which the individual fails to 
file a transaction report required under this Act''.

    (b) Rules, Regulations, Guidance, and Documents.--Not later than 1 
year after the date of enactment of this Act, each supervising ethics 
office (as defined in 

section 13101 of title 5, United States Code) 
(including the Administrative Office of the United States Courts, as 
applicable) shall amend the rules, regulations, guidance, documents, 
papers, and other records of the supervising ethics office in 
accordance with the amendment made by this section.

SEC. 5. BANNING CONFLICTED INTERESTS.

    (a) In General.--

    (1) Banning conflicted interests.--Chapter 131 of title 5, 
 United States Code, is amended by adding at the end the 
 following:

 ``SUBCHAPTER IV--BANNING CONFLICTED INTERESTS

``

Sec. 13161. Definitions
 ``In this subchapter:
 ``

    (1) Commodity.--The term `commodity' has the meaning 
 given the term in 

section 1a of the Commodity Exchange Act (7 
 U.S.C. 1a).
 ``

    (2) Covered financial interest.--
 ``
        (A) In general.--The term `covered financial 
 interest' means--
 ``
            (i) any investment in--
 ``
            (I) a security (as defined in 
 

section 3

    (a) of Securities Exchange Act 
 of 1934 (15 U.S.C. 78c

    (a) ));
 ``
            (II) a future;
 ``
            (III) a commodity (as defined in 
 

section 1a of the Commodity Exchange 
 Act (7 U.S.C. 1a)); or
 ``
            (IV) cryptocurrency, such as a 
 coin or token--
 ``

    (aa) received in 
 connection with an initial coin 
 offering; or
 ``

    (bb) issued or 
 distributed using distributed 
 ledger or blockchain 
 technology; and
 ``
            (ii) any economic interest comparable to 
 an interest described in clause
            (i) that is 
 acquired through synthetic means, such as the 
 use of a derivative, including an option, 
 warrant, or other similar means.
 ``
        (B) Exclusions.--The term `covered financial 
 interest' does not include--
 ``
            (i) an investment fund registered as an 
 investment company under 

section 3 of the 
 Investment Company Act of 1940 (15 U.S.C. 80a-
 3) that is diversified as defined in 

section 2640.102 of title 5, Code of Federal 
 Regulations;
 ``
            (ii) compensation from the primary 
 occupation of the spouse of an individual 
 described in subparagraphs
        (A) through
        (G) of 
 paragraph

    (3) , or any security that is issued 
 or paid by an operating business that is the 
 primary employer of such a spouse that is 
 issued or paid to such a spouse; or
 ``
            (iii) a United States Treasury bill, 
 note, or bond.
 ``

    (3) Covered individual.--The term `covered individual' 
 means--
 ``
        (A) a Member of Congress (as defined in 

section 13101);
 ``
        (B) the President;
 ``
            (C) the Vice President;
 ``
            (D) a special Government employee (as that term 
 is defined in 

section 202 of title 18, United States 
 Code);
 ``
        (E) the Chief Justice of the United States;
 ``
        (F) an Associate Justice of the Supreme Court of 
 the United States;
 ``
        (G) a member of the Board of Governors of the 
 Federal Reserve System;
 ``
        (H) a president or vice president of a Federal 
 Reserve bank; or
 ``
            (I) the spouse or dependent child of an 
 individual described in subparagraphs
        (A) through
        (G) .
 ``

    (4) Dependent child.--The term `dependent child' means 
 any individual who is--
 ``
        (A) under the age of 19; and
 ``
        (B) a dependent of an individual described in 
 subparagraphs
        (A) through
        (G) of paragraph

    (3) within 
 the meaning of 

section 152 of the Internal Revenue Code 
 of 1986.
 ``

    (5) Future.--The term `future' means--
 ``
        (A) a security future (as defined in 

section 3

    (a) of Securities Exchange Act of 1934 (15 U.S.C. 78c

    (a) )); 
 and
 ``
        (B) any other contract for the sale of a 
 commodity for future delivery.
 ``

    (6) Supervising ethics office.--The term `supervising 
 ethics office', with respect to a covered individual, has the 
 meaning given the term in 

section 13101 with respect to that 
 covered individual.
``

Sec. 13162. Prohibitions
 ``

    (a) Transactions.--Except as provided in 

section 13163, no 
covered individual may--
 ``

    (1) hold, purchase, sell, or conduct any type of 
 transaction with respect to a covered financial interest; or
 ``

    (2) enter into a transaction that creates a net short 
 position in any security.
 ``

    (b) Positions.--A covered individual may not serve as an officer 
or member of any board of any for-profit association, corporation, or 
other entity.
 ``
            (c) Cooling-Off Period.--Any individual subject to the 
restrictions contained in subsection

    (a) who, within 120 days after 
such individual ceases to be a covered individual, engages in any of 
the actions under such subsection, shall be in violation of this 
subchapter.
``

Sec. 13163. Divestiture
 ``

    (a) Covered Financial Interests Acquired Prior to Federal Service 
or Enactment of Stock Act 2.0.--With respect to any covered financial 
interest held by a covered individual, the covered individual shall 
sell the covered financial interest during the applicable 120-day 
period beginning on the later of--
 ``

    (1) the date on which an individual becomes a covered 
 individual; or
 ``

    (2) the date of enactment of STOCK Act 2.0.
 ``

    (b) Covered Financial Interests Acquired Through Inheritance 
After the Applicable Period.--
 ``

    (1) In general.--A covered individual who inherits a 
 covered financial interest after the conclusion of the 
 applicable 120-day period described in subsection

    (a) shall 
 sell the covered financial interest during the 120-day period 
 beginning on the date on which the covered financial interest 
 is inherited.
 ``

    (2) Extensions.--A covered individual may request, and 
 the supervising ethics office may grant, 1 or more reasonable 
 extensions of the period described under paragraph

    (1) , subject 
 to the conditions that--
 ``
        (A) the total period of time covered by all 
 extensions granted for the covered financial interest 
 shall not exceed 150 days; and
 ``
        (B) the period covered by a single extension 
 shall be not longer than 45 days.
``

Sec. 13164. Certificate of compliance
 ``Each covered individual shall submit to the supervising ethics 
office a written certification that such covered individual has 
achieved compliance with the requirements of this subchapter.
``

Sec. 13165. Publication
 ``Each supervising ethics office shall make publicly available on a 
website of such office the following:
 ``

    (1) Within 30 days of receipt, each request for an 
 extension under 

section 13163

    (b)

    (2) .
 ``

    (2) The outcome of the decision to grant or deny each 
 such request within 30 days of such decision.
``

Sec. 13166. Enforcement
 ``A covered individual who fails to comply with this subchapter 
shall be assessed a fine by the supervising ethics office of not less 
than 10 percent of the value of the covered financial interest that was 
purchased, sold, or held, or the security in which a net short position 
was created, in violation of this title, as applicable.
``

Sec. 13167. Applicability
 ``This subchapter shall apply to any covered financial interest 
held in any trust with respect to which the covered individual is a 
beneficial owner, regardless of whether the trust is a qualified blind 
trust.''.

    (2) Clerical amendment.--The table of sections for chapter 
 131 of title 5, United States Code, is amended by adding at the 
 end the following:

 ``subchapter iv--banning conflicted interests

``13161. Definitions.
``13162. Prohibitions.
``13163. Divestiture.
``13164. Certificate of compliance.
``13165. Publication.
``13166. Enforcement.
``13167. Applicability.''.

    (b) Certificate of Divestiture.--

Section 1043

    (b)

    (2)
        (B) of the 
Internal Revenue Code of 1986 is amended to read as follows:
 ``
        (B) that has been issued by--
 ``
            (i) the President or the Director of the 
 Office of Government Ethics, in the case of 
 executive branch officers or employees or the 
 spouse or dependent child of a member of the 
 Board of Governors of the Federal Reserve 
 System,
 ``
            (ii) the Director of the Office of 
 Government Ethics, in the case of the 
 President, Vice President, or the spouse or 
 dependent child of the President or Vice 
 President,
 ``
            (iii) the Judicial Conference of the 
 United States (or its designee), in the case of 
 judicial officers or the spouse or dependent 
 child of the Chief Justice or the Associate 
 Justice,
 ``
            (iv) the applicable congressional ethics 
 committee, in the case of Members of Congress 
 or the spouse or dependent child of a Member of 
 Congress, or
 ``
            (v) the Inspector General of the Board of 
 Governors of the Federal Reserve System and the 
 Bureau of Consumer Financial Protection, in the 
 case of a president of a Federal Reserve bank, 
 vice president of a Federal Reserve bank, or 
 the spouse or dependent child of the president 
 or vice president of a Federal Reserve Bank, 
 and''.
            (c) Conforming Amendments.--

    (1) Authority and functions.--

Section 13122

    (f)

    (2)
        (B) of 
 title 5, United States Code, is amended--
        (A) by striking ``Subject to clause
            (iv) of this 
 subparagraph, before'' each place it appears and 
 inserting ``Before''; and
        (B) by striking clause
            (iv) .

    (2) Lobbying disclosure act of 1995.--

Section 3

    (4)
            (D) of 
 the Lobbying Disclosure Act of 1995 (2 U.S.C. 1602

    (4)
            (D) ) is 
 amended by striking ``legislative branch employee serving in a 
 position described under 

section 13101

    (13) of title 5, United 
 States Code'' and inserting ``officer or employee of Congress 
 (as defined in 

section 13101 of title 5, United States Code)''.

    (3) Stock act.--

Section 2 of the STOCK Act (5 U.S.C. 13101 
 note) is amended--
        (A) in paragraph

    (2)
        (B) , by striking ``

    (11) '';
        (B) in paragraph

    (4) , by striking ``

    (10) '';
            (C) in paragraph

    (5) , by striking ``

    (9) ''; and
            (D) in paragraph

    (6) , by striking ``

    (18) ''.

    (4) Securities exchange act of 1934.--

Section 21A of the 
 Securities Exchange Act of 1934 (15 U.S.C. 78u-1) is amended--
        (A) in subsection

    (g)

    (2)
        (B)
            (ii) , by striking 
 ``

    (11) ''; and
        (B) in subsection

    (h)

    (2) --
            (i) in subparagraph
        (B) , by striking 
 ``

    (9) ''; and
            (ii) in subparagraph
            (C) , by striking 
 ``

    (10) ''.

SEC. 6. ELECTRONIC FILING AND ONLINE PUBLIC AVAILABILITY OF FINANCIAL 
 DISCLOSURE FORMS.

    (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.
 <all>