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Code · STATUTE-COMPILATIONS · Representative Louise McIntosh Slaughter Stop Trading on Congressional Knowledge Act · Sec. 6

Sec. 6. PROMPT REPORTING OF FINANCIAL TRANSACTIONS

573 words·~3 min read·/statute-compilations/comps-9860/sec-6

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 6 PROMPT REPORTING OF FINANCIAL TRANSACTIONS ###
(a)Reporting Requirement Section 103 of the Ethics in Government Act of 1978 (5 U.S.C. App. 103) is amended by adding at the end the following subsection: > > ### “(l) > > Not later than 30 days after receiving notification of any transaction required to be reported under section 102(a)(5)(B), but in no case later than 45 days after such transaction, the following persons, if required to file a report under any subsection of section 101, subject to any waivers and exclusions, shall file a report of the transaction: > > > #### “(1) > > The President. > > > #### “(2) > > The Vice President. > > > #### “(3) > > Each officer or employee in the executive branch, including a special Government employee as defined in section 202 of title 18, United States Code, who occupies a position classified above GS-15 of the General Schedule or, in the case of positions not under the General Schedule, for which the rate of basic pay is equal to or greater than 120 percent of the minimum rate of basic pay payable for GS-15 of the General Schedule; each member of a uniformed service whose pay grade is at or in excess of O-7 under section 201 of title 37, United States Code; and each officer or employee in any other position determined by the Director of the Office of Government Ethics to be of equal classification. > > > #### “(4) > > Each employee appointed pursuant to section 3105 of title 5, United States Code. > > > #### “(5) > > Any employee not described in paragraph
(3)who is in a position in the executive branch which is excepted from the competitive service by reason of being of a confidential or policymaking character, except that the Director of the Office of Government Ethics may, by regulation, exclude from the application of this paragraph any individual, or group of individuals, who are in such positions, but only in cases in which the Director determines such exclusion would not affect adversely the integrity of the Government or the public’s confidence in the integrity of the Government. > > > #### “(6) > > The Postmaster General, the Deputy Postmaster General, each Governor of the Board of Governors of the United States Postal Service and each officer or employee of the United States Postal Service or Postal Regulatory Commission who occupies a position for which the rate of basic pay is equal to or greater than 120 percent of the minimum rate of basic pay payable for GS-15 of the General Schedule. > > > #### “(7) > > The Director of the Office of Government Ethics and each designated agency ethics official. > > > #### “(8) > > Any civilian employee not described in paragraph (3), employed in the Executive Office of the President (other than a special government employee) who holds a commission of appointment from the President. > > > #### “(9) > > A Member of Congress, as defined under section 109(12). > > > #### “(10) > > An officer or employee of the Congress, as defined under section 109(13).” > . ###
(b)Effective Date The amendment made by subsection
(a)shall apply to transactions occurring on or after the date that is 90 days after the date of enactment of this Act.
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