Two years ago, the Stop Trading on
Congressional Knowledge Act (STOCK Act) imposed the most sweeping changes to executive
branch ethics laws in over 20 years. Since that time, OGE and the federal
ethics community have worked together to make sure the law is implemented
effectively and well understood by the federal employees it covers.
From the start, OGE collaborated with agency
ethics officials to interpret the STOCK Act and provide training on its new
requirements. For example, OGE published legal guidance on the increased
reporting of financial transactions, the disclosure of employees’ negotiations
for post-government employment or compensation, and the disclosure of mortgage information. Most recently, OGE provided guidance on the
STOCK Act’s prohibition on buying stocks through initial public offerings,
which applies to certain high-level government officials. OGE’s STOCK Act
training included live in-person sessions, virtual presentations, and other
products, such as the video OGE produced for employees who are required to file
OGE continues to work directly with
agencies to implement the STOCK Act’s mandate to develop an electronic filing system
for the executive branch. This filing system, which includes an
interactive wizard, will increase the accuracy and timeliness of financial reporting.
We have already begun our extensive testing of this system and look forward to
introducing it later this year.