The Stop Trading on Congressional Knowledge (STOCK) Act, enacted on April 4, 2012, contains several requirements for employees who file a Public Financial Disclosure Report (form OGE-278e). The following resources are provided for filers and ethics officials. Filers should consult with their IC's ethics officials if they have questions.
Helpful Documents for Ethics Officials and Filers
STOCK Act Summary (4/19/12),: This document provides a summary of the Act by section, including the new requirements affecting NIH OGE-278e filers and the effective date of each requirement.
Helpful Hints for Filers and Reviewers (4/20/12) Additional suggestions for filers and reviewers of the OGE-278e, including specific suggestions and things to look for in each section of the OGE-278e report.
Helpful Documents for Filers
Summary of Filer Requirements Under the STOCK Act (2021): Summarizes what to report, when to file, proper form to use, and how to file. Covers the OGE-278-T Transaction Report and the Employment Negotiation and Recusal Statement.
Your Public Financial Disclosure Form (OGE-278e) (4/29/12): Specific suggestions for filers about what to report and what not to report, to ensure that reports are accurate and complete, and avoid over-reporting.
Questions and Answers for Filers (4/20/12) : Additional information in question and answer format.
Sample OGE-278e Assets Page resulting from the Sample Broker Statements (4/22/12): This document provides sample filer and spouse broker statements, and the OGE-278e Assets and Income page (Schedule A) showing their reportable consolidated holdings based on the sample statements.
New Forms as a Result of the STOCK Act
Periodic Transaction Report (Form OGE-278-T). The STOCK Act requires public filers to submit an OGE-278T report for certain transactions on or before the 15th of the month. The OGE-278T report and detailed instructions can be found at the link provided below. Additional information can also be found in the legal advisories (LA-12-04 and LA-13-01) below.
Notification of Future Employment Discussions or Agreement and Recusal Statement: The STOCK Act requires public filers (employees required to file the OGE-278e Public Financial Disclosure Report), to file a statement notifying their agency ethics official of any negotiation for or agreement of future employment or compensation with a non-federal entity within three business days after commencement of the negotiation or agreement (does not apply to outside activities). Use the Notification of Post-Employment Negotiation or Agreement and Recusal Statement form, available in:
- STOCK Act Notification Requirement Reminder PA-16-10 Dated Dec 15, 2016
- STOCK Act NOTIFICATION OF FUTURE EMPLOYMENT DISCUSSIONS OR AGREEMENT AND RECUSAL STATEMENT for Employees
Legal Advisories from the Office of Government Ethics (OGE)
- LA-12-01 (4/6/12) Requirements Under Section 17 of the STOCK Act Regarding Negotiations for and Agreements of Post-Government, Non-Federal Employment
- LA-12-02 (4/6/12) Mortgage Reporting Requirement Under the STOCK Act
- LA-12-04 (6/20/12) Public Financial Disclosure Report: Periodic Transaction Reports.. This Legal Advisory contains many questions and answers targeted for public filers covered by the requirement.
- LA-13-01 (1/18/13) Periodic Reporting of Spouse and Dependent Children Transactions. This Legal Advisory explains that covered Executive Branch employees must file periodic reports of transactions involving separately owned assets of their spouses or dependent children.
- LA-13-06 (4/25/13) Notification of Negotiations for Post-Government Compensation under Section 17 of the STOCK Act. This Legal Advisory clarifies that employees must comply with the notification requirements under section 17 of the Stop Trading on Congressional Knowledge Act of 2012 (STOCK Act) when they negotiate for, or have an agreement of, post-government, non-federal compensation for services to be rendered entirely after termination of federal employment.
- LA-13-09 (6/28/13) Application of the $200 Penalty Provision to Late Periodic Transaction Reports.This Legal Advisory reminds ethics officials that OGE’s blanket waiver of the $200 late fee for periodic transaction reports is no longer effective July 3, 2013.
- LA-13-10 (8/19/13) Effect of the Supreme Court's Decision in United States v. Windsor on the Executive Branch Ethics Program This Legal Advisory provides guidance on the effect of United States v. Windsor on the federal ethics provisions that use the terms “spouse,” “marriage,” and “relative.”
- LA-14-02 (3/07/14) Participation in Initial Public Offerings by Certain Employees,.This Legal Advisory addresses specific statutory limits on when certain employees may purchase securities that are the subject of an Initial Public Offering.