Congress should “indefinitely suspend” requirements for the online posting of personal financial information of high-ranking federal employees, says a report by the National Academy of Public Administration.
Congress directed the Academy to examine the Stop Trading on Congressional Knowledge (STOCK) Act after vigorous complaints from employees who said the posting requirements could put them in danger and hamper national security.
“An open, online, searchable, and exploitable database of personal financial information about senior federal employees will provide easy access to ‘high quality’ personal information on ‘high value’ targets,” the Academy said.
The posting requirements were set to take effect April 15, after two previous delays. The Academy recommended using the suspension of the requirement “to update and strengthen the 35-year-old government ethics system.”
The availability of personal, searchable information “has radically changed the privacy landscape, with potential negative consequences for both the institutions of government and the individual public servants (and their families) who serve them,” according to the report.
More details will be available in the Federal Diary online Thursday evening and in Friday’s print editions of The Washington Post.