Federal Employees News Digest

OGE would alter financial disclosure rules

The Office of Government Ethics this month published a proposal to modify public financial disclosure regulations to exclude GS-13 employees.

The proposed rule, published in the Oct. 5 Federal Register, would amend regulations mandated by the Stop Trading on Congressional Knowledge Act (STOCK Act)—enacted in 2012 to keep senior career executives, members of Congress, and their staffers from profiting financially from information obtained on the job—to exclude as a group certain GS-13 employees and below from the requirement to file public financial disclosure statements.

The revised regulations would let a designated agency ethics official make determinations for employees who are GS-13s or below and meet the criteria laid out in the proposed rule. The proposal also would retain a requirement to exclude certain GS-14 and GS-15 employees on a case-by-case basis. Exemption from the rule would apply to those who do not “have a substantial policy-making role with respect to agency programs.”

See more at:  https://www.federalregister.gov/documents/2016/10/05/2016-22958/executive-branch-financial-disclosure-qualified-trusts-and-certificates-of-divestiture

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Edward A. Zurndorfer Certified Financial Planner
Mike Causey Columnist
Tom Fox VP for Leadership and Innovation, Partnership for Public Service
Mathew B. Tully Legal Analyst

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