[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6694 Introduced in House (IH)]
<DOC>
117th CONGRESS
2d Session
H. R. 6694
To amend the Ethics in Government Act of 1978 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
February 9, 2022
Ms. Porter introduced the following bill; which was referred to the
Committee on Oversight and Reform, and in addition to the Committees on
House Administration, and the Judiciary, 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 the Ethics in Government Act of 1978 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 101 of the Ethics in Government Act of
1978 (5 U.S.C. App.) is amended by adding at the end the following:
``(j) 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, including
such an agreement, contract, or grant
relating to agricultural activity; 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 a person described in any of paragraphs (1)
through (10) of section 103(l).
``(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, the spouse
of the covered person, or a dependent child of the covered
person (including any business owned and controlled by the
covered person or spouse or dependent child of 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
104(d), a covered person shall be assessed a fine, pursuant to
regulations issued by the applicable supervising ethics office,
of $500 in each case in which the covered person fails to file
a report required under this subsection.''.
(b) Report Contents.--Section 102 of the Ethics in Government Act
of 1978 (5 U.S.C. App.) is amended by adding at the end the following:
``(j) Payments From Federal Government.--Each report filed pursuant
to subsection (j) of section 101 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) Section 101 of the Ethics in Government Act of 1978 (5
U.S.C. App.) is amended--
(A) in subsection (f)--
(i) in paragraph (9), by striking ``as
defined under section 109(12)'';
(ii) in paragraph (10), by striking ``as
defined under section 109(13)'';
(iii) in paragraph (11), by striking ``as
defined under section 109(10)''; and
(iv) in paragraph (12), by striking ``as
defined under section 109(8)'';
(B) in subsection (h)(1), by striking ``, and'' at
the end and inserting ``; and''; and
(C) in subsection (i)--
(i) in each of paragraphs (1) and (2), by
striking the comma at the end of the paragraph
and inserting a semicolon; and
(ii) in paragraph (3), by striking ``,
and'' at the end and inserting ``; and''.
(2) Section 102 of the Ethics in Government Act of 1978 (5
U.S.C. App.) is amended--
(A) in subsection (a)--
(i) in the matter preceding paragraph (1),
by striking ``section 101(d) and (e)'' and
inserting ``subsection (d) or (e) of section
101'';
(ii) in paragraph (1)(B)--
(I) in the matter preceding clause
(i), by striking ``within:'' and
inserting ``within--'';
(II) in each of clauses (i) through
(vii), by striking the comma at the end
of the clause and inserting a
semicolon; and
(III) in clause (viii), by striking
``, or'' at the end and inserting ``;
or''; and
(iii) in paragraph (3), in the first
sentence, by striking ``spouse,,'' and
inserting ``spouse,'';
(B) in subsection (d)(1)--
(i) in the matter preceding subparagraph
(A), by striking ``are as follows:'' and
inserting ``are--''; and
(ii) by indenting subparagraphs (G) through
(J) appropriately; and
(C) in subsection (e)(1), by indenting subparagraph
(F) appropriately.
(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 AND JUDGES.
(a) In General.--Notwithstanding any other provision of law, each
provision of law described in subsection (b) shall apply to--
(1) each president, vice president, and director of a
Federal Reserve bank; and
(2) each judicial officer (as defined in section 109 of the
Ethics in Government Act of 1978 (5 U.S.C. App.)).
(b) Description of Provisions of Law.--The provisions of law
referred to in subsection (a) are--
(1) title I of the Ethics in Government Act of 1978 (5
U.S.C. App.);
(2) the STOCK Act (Public Law 112-105; 126 Stat. 291; 126
Stat. 1310; 127 Stat. 438; 132 Stat. 4167); 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, vice president, 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 STOCK ACT NONCOMPLIANCE.
(a) In General.--The STOCK Act (Public Law 112-105; 126 Stat. 291;
126 Stat. 1310; 127 Stat. 438; 132 Stat. 4167) is amended by adding at
the end the following:
``SEC. 20. FINES FOR FAILURE TO REPORT.
``(a) In General.--Notwithstanding any other provision of law
(including regulations), an individual shall be assessed a fine,
pursuant to regulations issued by the applicable supervising ethics
office (including the Administrative Office of the United States
Courts, as applicable), of $500 in each case in which the individual
fails to file a transaction report required under this Act.
``(b) Deposit in Treasury.--The fines paid under this section shall
be deposited in the miscellaneous receipts of the Treasury.''.
(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 2 of the STOCK Act (5 U.S.C. App. 101
note)) (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 TRADES.
(a) In General.--The Ethics in Government Act of 1978 (5 U.S.C.
App.) is amended by inserting after title I the following:
``TITLE II--BANNING CONFLICTED TRADES
``SEC. 201. DEFINITIONS.
``In this title:
``(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 investment.--
``(A) In general.--The term `covered investment'
means--
``(i) any investment in--
``(I) a security;
``(II) a commodity;
``(III) a future; 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.
``(B) Exclusions.--The term `covered investment'
does not include--
``(i) a widely held investment fund
described in section 102(f)(8); or
``(ii) a United States Treasury bill, note,
or bond.
``(3) Covered person.--The term `covered person' means--
``(A) a Member of Congress (as defined in section
109);
``(B) the President;
``(C) the Vice President;
``(D) the Chief Justice of the United States;
``(E) an Associate Justice of the Supreme Court;
``(F) a member of the Board of Governors of the
Federal Reserve System; and
``(G) a president or vice president of a Federal
Reserve bank.
``(4) Future.--The term `future' means a financial contract
obligating a buyer to purchase, or a seller to sell, an asset,
such as a physical commodity or a financial instrument, at a
predetermined future date and price.
``(5) Security.--The term `security' has the meaning given
the term in section 3(a) of the Securities Exchange Act of 1934
(15 U.S.C. 78c(a)).
``(6) Supervising ethics office.--The term `supervising
ethics office', with respect to a covered person, has the
meaning given the term in section 109 with respect to that
covered person.
``SEC. 202. PROHIBITIONS.
``(a) Transactions.--Except as provided in sections 203 and 204, no
covered person may--
``(1) purchase or sell any covered investment; or
``(2) enter into a transaction that creates a net short
position in any security.
``(b) Positions.--A covered person may not serve as an officer or
member of any board of any for-profit association, corporation, or
other entity.
``SEC. 203. EXCEPTIONS.
``(a) Investments Held Before Taking Office.--
``(1) In general.--A covered person may have control over
or knowledge of the management of any covered investment held
by the covered person as of the day before the date on which
the covered person assumes the applicable office or employment
as a covered person.
``(2) Prohibition on purchasing or selling.--A covered
person may not buy or sell any investment described in
paragraph (1), except in the case of--
``(A) placing the investment in a qualified blind
trust described in section 204; or
``(B) divesting the investment under subsection
(b).
``(b) Divestiture.--A covered person may sell a covered investment
during the 180-day period beginning on the later of--
``(1) the date on which the covered person assumes office
or employment as a covered person; and
``(2) the date of enactment of the STOCK Act 2.0.
``SEC. 204. TRUSTS.
``(a) In General.--On a case-by-case basis, the applicable
supervising ethics office may authorize a covered person to place any
security holding of the covered person in a qualified blind trust
approved by the supervising ethics office under section 102(f).
``(b) Blind Trust.--A qualified blind trust permitted under this
section shall meet the applicable criteria described in section
102(f)(4)(B), unless an alternative arrangement is approved by the
applicable supervising ethics office.
``SEC. 205. ADMINISTRATION AND ENFORCEMENT.
``(a) Administration.--Each supervising ethics office may issue
guidance relating to any matter covered by this title, including--
``(1) whether a covered person may hold an employee stock
option or other, similar instrument that has not vested before
the date on which the covered person assumes office or
employment as a covered person; and
``(2) the process and timeline for determining the date on
which a covered person shall no longer serve as an officer or
member of any board of any for-profit association, corporation,
or other entity.
``(b) Enforcement.--A covered person who knowingly fails to comply
with this title shall be subject to a civil penalty of not less than 10
percent of the value of the covered investment that was purchased or
sold, or the security in which a net short position was created, in
violation of this title, as applicable.''.
(b) Conforming Amendments.--
(1) Section 103(j)(1) of the Ethics in Government Act of
1978 (5 U.S.C. App.) is amended by striking ``Standards of
Official Conduct'' and inserting ``Ethics''.
(2) Section 105(b)(3)(A) of the Ethics in Government Act of
1978 (5 U.S.C. App.) is amended by striking ``described in
section 109(8) or 109(10) of this Act'' and inserting ``who is
a judicial employee or judicial officer''.
(3) Section 109 of the Ethics in Government Act of 1978 (5
U.S.C. App.) is amended--
(A) in the matter preceding paragraph (1), by
striking ``For the purposes of this title, the term--''
and inserting ``In this title:'';
(B) in each of paragraphs (1) through (19)--
(i) by inserting ``The term'' after the
paragraph designation; and
(ii) by inserting a paragraph heading, the
text of which is comprised of the term defined
in that paragraph;
(C) in each of paragraphs (2) through (17), by
striking the semicolon at the end of the paragraph and
inserting a period;
(D) in paragraph (1), by striking ``means'' and all
that follows through ``Official Conduct'' and inserting
the following: ``means, as applicable--
``(A) the Select Committee on Ethics of the Senate;
and
``(B) the Committee on Ethics'';
(E) by redesignating paragraphs (8) and (9) as
paragraphs (9) and (8), respectively, and moving the
paragraphs so as to appear in numerical order; and
(F) in paragraph (18)--
(i) in subparagraph (B), by striking
``Standards of Official Conduct'' and inserting
``Ethics''; and
(ii) in subparagraph (D), by striking ``;
and'' at the end and inserting a period.
(4) Section 111(2) of the Ethics in Government Act of 1978
(5 U.S.C. App.) is amended by striking ``Standards of Official
Conduct'' and inserting ``Ethics''.
(5) Section 402 of the Ethics in Government Act of 1978 (5
U.S.C. App.) is amended--
(A) in subsection (b), by striking ``title II of''
each place it appears; and
(B) in subsection (f)(2)(B)--
(i) by striking ``Subject to clause (iv) of
this subparagraph, before'' each place it
appears and inserting ``Before''; and
(ii) by striking clause (iv).
(6) Section 503(1)(A) of the Ethics in Government Act of
1978 (5 U.S.C. App.) is amended by striking ``Standards of
Official Conduct'' and inserting ``Ethics''.
(7) 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
109(13) of the Ethics in Government Act of 1978 (5 U.S.C.
App.)'' and inserting ``officer or employee of the Congress (as
defined in section 109 of the Ethics in Government Act of 1978
(5 U.S.C. App.))''.
(8) Section 2 of the STOCK Act (5 U.S.C. App. 101 note) is
amended--
(A) in paragraph (2)(B), by striking ``(11)'' each
place it appears;
(B) in paragraph (4), by striking ``(10)'' each
place it appears;
(C) in paragraph (5), by striking ``(8)'' each
place it appears; and
(D) in paragraph (6), by striking ``(18)'' each
place it appears.
(9) 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
``section 109(11) of the Ethics in Government Act of
1978 (5 U.S.C. App. 109(11))'' and inserting ``section
109 of the Ethics in Government Act of 1978 (5 U.S.C.
App.)''; and
(B) in subsection (h)(2)--
(i) in subparagraph (B), by striking
``section 109(8) of the Ethics in Government
Act of 1978 (5 U.S.C. App. 109(8))'' and
inserting ``section 109 of the Ethics in
Government Act of 1978 (5 U.S.C. App.)''; and
(ii) in subparagraph (C), by striking
``under section 109(10) of the Ethics in
Government Act of 1978 (5 U.S.C. App.
109(10))'' and inserting ``in section 109 of
the Ethics in Government Act of 1978 (5 U.S.C.
App.)''.
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. App. 105 note) is amended--
(1) in the matter preceding subparagraph (A), by inserting
``, pursuant to title I of the Ethics in Government Act of 1978
(5 U.S.C. App.), through databases maintained on the official
websites of the House of Representatives and the Senate'' after
``enable'';
(2) in subparagraph (A), by striking ``reports received by
them pursuant to section 103(h)(1)(A) of title I of the Ethics
in Government Act of 1978'' and inserting ``each report
received under section 103(h)(1)(A) of that Act''; 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 103(l) of that Act; and
``(III) notice of extension,
amendment, or blind trust, with respect
to a report described in subclause (I)
or (II), pursuant to title I of that
Act; 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 (5 U.S.C. App. 105 note) is amended--
(1) in the matter preceding subparagraph (A), by inserting
``, pursuant to title I of the Ethics in Government Act of 1978
(5 U.S.C. App.), 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--
``(aa) the President;
``(bb) the Vice President;
or
``(cc) 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
103(l) of the Ethics in Government Act
of 1978 (5 U.S.C. App); and
``(III) notice of extension,
amendment, or blind trust, with respect
to a report described in subclause (I)
or (II), pursuant to title I of that
Act; 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 title I of the Ethics in
Government Act of 1978 (5 U.S.C. App.), 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 title; 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 103(l) of the
Ethics in Government Act of 1978 (5
U.S.C. App); and
``(III) notice of extension,
amendment, or blind trust, with respect
to a report described in subclause (I)
or (II), pursuant to that title; 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 105(b)(2) of the Ethics in Government Act of
1978 (5 U.S.C. App.) 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 105(b)(1) of the Ethics in Government Act of 1978 (5
U.S.C. App.).
``(4) Filers covered.--Each judicial officer who is
required under the Ethics in Government Act of 1978 (5 U.S.C.
App.) to file a financial disclosure report with a supervising
ethics office shall be able to file 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; and
``(iii) a director of a Federal Reserve
bank.
``(B) 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 title I of the Ethics
in Government Act of 1978 (5 U.S.C. App.), 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 title;
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 103(l) of the Ethics in
Government Act of 1978 (5
U.S.C. App); and
``(cc) notice of extension,
amendment, or blind trust, with
respect to a report described
in item (aa) or (bb), pursuant
to that title; 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 105(b)(2) of the Ethics
in Government Act of 1978 (5 U.S.C. App.) 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 105(b)(1) of the Ethics in
Government Act of 1978 (5 U.S.C. App.).
``(D) Filers covered.--Each covered person who is
required under the Ethics in Government Act of 1978 (5
U.S.C. App.) to file a financial disclosure report with
a supervising ethics office shall be able to file
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>