House to repeal STOCK Act reporting requirement for senior officials

But the requirement that senior officials post their financial information online was met with immediate opposition from the roughly 28,000 officials that would have to comply with this rule. They said the requirement could threaten national security.

{mosads}Last year, Congress twice delayed this reporting requirement, most recently until Monday, and called for the National Academy of Public Administration to study the requirement further.

On April 1, that group recommended ending the rule:

“Congress should indefinitely suspend the online posting requirements that are due April 15, 2013, and the unrestricted access to searchable, sortable, downloadable databases, currently planned for October 2013, while continuing implementation of other requirements of the STOCK Act,” the group said.

The bill approved by the Senate on Thursday would permanently end this requirement, by saying the reporting requirement for senior government officials “shall not be effective.” The reporting requirements would still apply to the President, Vice President, members of Congress, and candidates for Congress.

On Thursday, the Senate passed the STOCK Act fix, S. 716, with no debate and without even briefly describing what it would do, and the House may pass it just as quickly on Friday.

Also today, the House will pass H.R. 1120, the Preventing Greater Uncertainty in Labor-Management Relations Act.

The bill would freeze the work of the National Labor Relations Board (NLRB) until a valid NLRB quorum is assembled, or if the Supreme Court were to rule that two current board members were constitutionally appointed by President Obama. The freeze would also be lifted at the end of 2013, even if neither of these conditions were met.

Republicans say the two board members, Sharon Block and Richard Griffin, were appointed unconstitutionally by Obama in 2012, when Obama installed them as recess appointments while the Senate was not in recess. A federal court ruling agreed with Republicans.

The bill also invalidates decisions made with Block and Griffin on the board. The House should be able to pass the bill by noon, as members approved the rule for debating the bill on Thursday.

The Senate is not in session Friday. Before leaving on Thursday, senators agreed to a motion to proceed to a gun control bill, S. 649. That vote will allow the Senate to immediately start work on amendments to that bill when it returns next week.


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