Congressman joins chorus of concern over STOCK Act provisions

Caitlin Fairchild/

A Maryland Democrat has voiced concerns over disclosure requirements for federal workers included in the recently passed Stop Trading on Congressional Knowledge Act.

In a letter written to the U.S. Office of Government Ethics on Tuesday, Rep. Chris Van Hollen called himself an “advocate of open and transparent government” and said he supports the disclosure requirements in principle, but pointed to security concerns that should be addressed.

Van Hollen wrote that pre-STOCK Act policies required high-ranking government personnel to file financial disclosure forms, but members of the public had to submit written requests to view the forms in which they agreed not to use the information for “any commercial or unlawful purpose.”

Many of his constituents have voiced concern about whether that protection will be included in the online database of financial information mandated in the STOCK Act.

“As you work to finalize the implementation of the STOCK Act,” Van Hollen wrote, “I urge you to include online safeguards that are functionally equivalent to -- and confer the same protection as -- the current written request process.”

The National Institutes of Health, whose workers’ union recently came out against the disclosure requirement provision of the STOCK Act, is located in Van Hollen’s suburban Washington district.

“It is nice to see the first olive out of the congressional bottle,” said Carol A. Bonosaro, president of the Senior Executives Association, a group that also has spoken out against the disclosure requirements, “and a public acknowledgment of the legitimate concerns federal employees have to these provisions in the STOCK Act.”

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
Close [ x ] More from GovExec

Thank you for subscribing to newsletters from
We think these reports might interest you:

  • Sponsored by Brocade

    Best of 2016 Federal Forum eBook

    Earlier this summer, Federal and tech industry leaders convened to talk security, machine learning, network modernization, DevOps, and much more at the 2016 Federal Forum. This eBook includes a useful summary highlighting the best content shared at the 2016 Federal Forum to help agencies modernize their network infrastructure.

  • Sponsored by CDW-G

    GBC Flash Poll Series: Merger & Acquisitions

    Download this GBC Flash Poll to learn more about federal perspectives on the impact of industry consolidation.

  • Sponsored by One Identity

    One Nation Under Guard: Securing User Identities Across State and Local Government

    In 2016, the government can expect even more sophisticated threats on the horizon, making it all the more imperative that agencies enforce proper identity and access management (IAM) practices. In order to better measure the current state of IAM at the state and local level, Government Business Council (GBC) conducted an in-depth research study of state and local employees.

  • Sponsored by Aquilent

    The Next Federal Evolution of Cloud

    This GBC report explains the evolution of cloud computing in federal government, and provides an outlook for the future of the cloud in government IT.

  • Sponsored by Aquilent

    A DevOps Roadmap for the Federal Government

    This GBC Report discusses how DevOps is steadily gaining traction among some of government's leading IT developers and agencies.

  • Sponsored by LTC Partners, administrators of the Federal Long Term Care Insurance Program

    Approaching the Brink of Federal Retirement

    Approximately 10,000 baby boomers are reaching retirement age per day, and a growing number of federal employees are preparing themselves for the next chapter of their lives. Learn how to tackle the challenges that today's workforce faces in laying the groundwork for a smooth and secure retirement.

  • Sponsored by Hewlett Packard Enterprise

    Cyber Defense 101: Arming the Next Generation of Government Employees

    Read this issue brief to learn about the sector's most potent challenges in the new cyber landscape and how government organizations are building a robust, threat-aware infrastructure

  • Sponsored by Aquilent

    GBC Issue Brief: Cultivating Digital Services in the Federal Landscape

    Read this GBC issue brief to learn more about the current state of digital services in the government, and how key players are pushing enhancements towards a user-centric approach.

  • Sponsored by CDW-G

    Joint Enterprise Licensing Agreements

    Read this eBook to learn how defense agencies can achieve savings and efficiencies with an Enterprise Software Agreement.

  • Sponsored by Cloudera

    Government Forum Content Library

    Get all the essential resources needed for effective technology strategies in the federal landscape.


When you download a report, your information may be shared with the underwriters of that document.