ACTION ALERT: STOCK Act Reversal Signed by President

[ForgoTheConsequence]

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That provision, added to the bipartisan bill aimed at halting insider trading by members of Congress, would have required roughly 28,000 senior government officials to post their financial information online, and had come under harsh criticism from federal government employee unions.

The new law scraps a provision that had been hotly contested by federal employees, as well as found to be problematic and even dangerous for high-ranking government workers. Congress twice had passed legislation to delay its implementation. Under that provision, high-ranking government workers would have been required to post their financial information on a publicly available online database.
Under a previous delay, Congress called for the National Academy of Public Administration to study the implications of the requirement. The report, released in March, found the provision should be repealed, having found that it could needlessly threaten the safety of government employees abroad, as well as make it difficult to attract and retain talent in the public sector.

http://thehill.com/blogs/on-the-money/1007-other/293919-obama-signs-stock-act-step-back#ixzz2QaJ3UD00



Doesn't seem like that big of a deal.