This is a complete lie and has been circling the internet and social media like a wirlwind. S 617 overview from Congress.gov says:
S 617 ?Nullifies the effectiveness of the Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act) with respect to mandatory public, on-line financial disclosure reporting by congressional staff (except Members of Congress and congressional candidates) and executive branch officers and employees (except the President, the Vice President, and officers at levels I and II of the Executive Schedule who require nomination by the President and confirmation by the Senate).
Applies the financial disclosure reporting requirements and restrictions of the STOCK Act ONLY to Members of Congress, congressional candidates, the President, the Vice President, and executive branch officers at levels I and II of the Executive Schedule who require nomination by the President and confirmation by the Senate.
Extends the deadline until January 1, 2014 for:
?the Secretary, the Sergeant at Arms, and the Clerk to develop systems to enable the electronic filing of financial disclosure reports as well as their on-line public availability;
?the Director of the Office of Government Ethics to develop such systems for financial disclosure forms filed by covered executive branch officials.
Repeals: (1) the prohibition against requiring a login to search or sort the data contained in the publicly available financial disclosure systems, and (2) the requirement that a login protocol with the name of the user be utilized by a person downloading data contained in the reports.
PLEASE PEOPLE - DO YOUR RESEARCH BEFORE SPREADING LIES
This is a complete lie and has been circling the internet and social media like a wirlwind. S 617 overview from Congress.gov says:
S 617 ?Nullifies the effectiveness of the Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act) with respect to mandatory public, on-line financial disclosure reporting by congressional staff (except Members of Congress and congressional candidates) and executive branch officers and employees (except the President, the Vice President, and officers at levels I and II of the Executive Schedule who require nomination by the President and confirmation by the Senate).
Applies the financial disclosure reporting requirements and restrictions of the STOCK Act ONLY to Members of Congress, congressional candidates, the President, the Vice President, and executive branch officers at levels I and II of the Executive Schedule who require nomination by the President and confirmation by the Senate.
Extends the deadline until January 1, 2014 for:
?the Secretary, the Sergeant at Arms, and the Clerk to develop systems to enable the electronic filing of financial disclosure reports as well as their on-line public availability;
?the Director of the Office of Government Ethics to develop such systems for financial disclosure forms filed by covered executive branch officials.
Repeals: (1) the prohibition against requiring a login to search or sort the data contained in the publicly available financial disclosure systems, and (2) the requirement that a login protocol with the name of the user be utilized by a person downloading data contained in the reports.
http://beta.congress.gov/bill/113th-congress/senate-bill/716