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On the In Depth show blog, you can listen to the interviews, find more information about the guests on the show each day and links to additional resources.
Congress has delayed the online financial disclosure requirement of the STOCK Act for a month. But already this provision that affects 28,000 senior members of the executive branch is deterring high-level feds from joining the ranks of senior executives, according to the Senior Executives Association.
Congress has delayed by a month parts of an insider-trading law that would have required federal employees to post financial-disclosure forms online Aug. 31. Senate Majority Leader Harry Reid (D-Nev.) introduced the measure Thursday, where it was quickly adopted by both chambers of Congress. The vote came shortly before the American Civil Liberties Union filed a lawsuit in federal court in Greenbelt, Md., on behalf of 28,0000 employees to block implementation of the STOCK Act.
Walter Shaub Jr. said the STOCK Act could cause unintended consequences for federal employees' privacy and safety. Shaub said he favors revisions aimed at striking a balance between the need to protect personal information and the law's requirement to disclose stock trades.
On the In Depth show blog, you can listen to the interviews, find more information about the guests on the show each day and links to additional resources.
Members of Congress, nervous about the economy and the upcoming November elections, have volunteered to tighten their own money belts. But in the process they may have turned thousands of top-paid federal workers into identify-theft targets, Senior Correspondent Mike Causey says.
A law Congress passed in April to ban congressional members and federal workers from profiting on non-public information places unnecessary reporting burdens on senior executives and make them vulnerable to identity theft.
Why is it that because so many members of Congress have managed to become millionaires, top career federal executives must play show and tell, baring their most intimate financial details to the world, Senior Correspondent Mike Causey wonders. And could you be next?
There is a new game that is spreading like wildfire in government and among the media, Senior Correspondent Mike Causey says. It's a version of show and tell, except in this one you show us yours and we don't show you ours.
On the In Depth show blog, you can listen to the interviews, find more information about the guests on the show each day and links to additional resources.
President Barack Obama signed legislation Wednesday prohibiting members of Congress, the President and thousands of federal workers from engaging in insider trading. Under the law, lawmakers and government employees will be required to report certain financial transactions within 45 days of the initial trade. Those reports — which now are typically only available upon request — will be made available on agency websites and, eventually, on searchable databases.