To amend title 5, United States Code, to require the reporting of periodic transaction reports not later than 15 days after receiving notification of the requirement to report a transaction but in no case later than 30 days after such transaction, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The Timely Stock Disclosure Act tightens the deadlines for federal officials to publicly report their financial transactions. Under current law, officials must file within 30 days of being notified of a reportable transaction and no later than 45 days after the transaction. This bill cuts those windows to 15 days after notification and 30 days after the transaction. It also fixes a minor typographical error in the existing statute.
Who Benefits and How
The general public benefits from faster disclosure of financial transactions by government officials, improving transparency and reducing the window in which officials could trade on non-public information without public scrutiny. Government accountability and watchdog organizations benefit from more timely data for monitoring potential conflicts of interest.
Who Bears the Burden and How
Federal officials subject to financial disclosure requirements must comply with tighter filing deadlines, giving them less time to prepare and submit transaction reports. Government ethics offices face a faster processing timeline. The changes take effect 90 days after enactment, giving affected parties a transition period.
Key Provisions
- Reduces the filing deadline from 30 days to 15 days after notification of a reportable transaction
- Reduces the absolute deadline from 45 days to 30 days after the transaction itself
- Includes a 90-day implementation period after enactment
- Fixes a technical typo in the existing statute
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Shortens the deadline for federal officials to file periodic financial transaction reports from 30 days to 15 days after notification and from 45 days to 30 days after the transaction itself, strengthening stock trading disclosure requirements for government employees.
Key Policy Areas
Government Ethics, Financial Regulation
Primary Purpose
Shortens the deadline for federal officials to file periodic financial transaction reports from 30 days to 15 days after notification and from 45 days to 30 days after the transaction itself, strengthening stock trading disclosure requirements for government employees.
Policy Domains
Whole Bill
Identified Gains
Contextual inference, no direct clause citation- General public
- Government accountability organizations
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Federal officials subject to disclosure
- Government ethics offices
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
IntroducedMr. Burchett introduced the following bill; which was referred to …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Federal officials subject to financial disclosure, Government ethics oversight
Positive-direction: Government ethics oversight
Negative-direction: Federal officials subject to financial disclosure
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology