STOCK Act 2.0

Stock Act 2.0 would fundamentally expand transparency and ethics rules for senior government officials. It adds a new requirement that certain high-level officials (and their spouses/dependent children) report any applications for, or receipt of, payments from the Federal Government, including loans, contracts, and grants, within a defined timeframe. It tightens and broadens financial-disclosure obligations for Members of Congress, congressional staff, very senior executives, and others, and it extends similar accountability to key Federal Reserve officials. It also creates a new, stricter regime banning a wide range of financial interests (including certain securities, futures, commodities, and cryptocurrency) for these “covered individuals,” imposing divestiture requirements, cooling-off periods, and meaningful penalties for noncompliance. In addition, the bill mandates electronic filing and public online access to financial disclosures for Congress, senior executive branch officials, the judiciary, and Federal Reserve Bank officers, with broad accessibility and search capabilities. Overall, the bill aims to close gaps in outside-payments disclosure, curb conflicts of interest, end or limit stock trading by top officials, and significantly improve the accessibility and usefulness of financial disclosures to the public.