OGE Finalizes Updates to Rules Applicable to Executive Branch Financial Disclosure, Qualified Trusts, and Certificates of Divestiture
July 18, 2018
On July 18, 2018, OGE published a final rule amending its regulations that govern the Executive Branch financial disclosure, qualified trusts, and certificates of divestiture, which are found at 5 C.F.R. part 2634. It is effective January 1, 2019.
The final rule incorporates the reporting requirements imposed by the Stop Trading on Congressional Knowledge Act and updates the definition of “widely diversified” for Excepted Investment Fund purposes. The rule also makes changes to the confidential filing requirements, adds and updates examples, and conforms the language of the regulation more closely to that of the Ethics in Government Act. The final rule reflects extensive input from the Executive Branch ethics community as well as OGE’s consultation with the Department of Justice and the Office of Personnel Management pursuant to 5 U.S.C. app. 402(b)(1). It is substantially similar to the proposed rule.
A copy of OGE’s final rule can be found here: https://www.federalregister.gov/documents/2018/07/18/2018-15086/executive-branch-financial-disclosure-qualified-trusts-and-certificates-of-divestiture.