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Federal Eye
Posted at 03:06 PM ET, 07/18/2012

STOCK Act: How much info should feds have to give? | #FedBuzz

Groups that represent federal employees have expressed concerns in recent weeks over requirements in the Stop Trading on Congressional Knowledge Act, which affects how some federal employees must disclose financial information.

Eric Yoder reported last week that the Assembly of Scientists, which primarily represents physicians and scientists employed at the National Institutes of Health, has asked a Senate panel to repeal one provision that would require some feds to disclose information publicly online.

The Stock Act, enacted earlier this year, primarily was aimed at ethical policies for Congress. However, it also revised several executive branch policies, mainly affecting about 28,000 senior career, political and military personnel who file public financial disclosures.
Under the law, agencies are to post those disclosures on their Web sites by the end of August, and eventually the forms are to be put in a central database that will be publicly searchable and sortable. Currently, while the disclosures are publicly available, most are kept only at the agencies and must be requested individually.

The American Foreign Service Association and the Senior Executives Association have joined the Assembly of Scientists in calling for changes to the requirements.

How much financial information do you think feds should have to disclose? Tell the Federal Eye and Govloop for this week’s Federal Buzz question of the week ,

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By  |  03:06 PM ET, 07/18/2012

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