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SEA Statement Regarding NAPA Report “The STOCK Act: An Independent Review of the Impact of Providing Personally Identifiable Financial Information Online”
The National Academy of Public Administration released the report requested by Congress to make recommendations on a law that would require the office of Government Ethics to post the financial disclosure forms of senior federal employees on the internet.
Washington, D.C. In September of last year, Congress tasked the National Academy of Public Administration to study and make recommendations on a law that would require the office of Government Ethics to post the financial disclosure forms of senior federal employees on the internet.
The Senior Executives Association (SEA) voiced strong concerns about this provision that was contained in the STOCK ACT and the unintended consequences to national, operational and personal security. SEA worked with allies in Congress to build support for the repeal of this requirement.
In response to the report released today, SEA President Carol Bonosaro said, "NAPA has reached the only possible conclusions regarding the consequences of the STOCK Act's provision requiring posting financial reports on the Internet. What is baffling, however, is the Academy's failure to reach the logical recommendation - that of repealing the requirement. This leaves it to Congress to take the only action which makes sense, and the Association urges that it do so."
Although SEA believes that repeal is the only solution and will continue to fight for that outcome, SEA does appreciate the findings regarding strengthening internal ethics procedures and updating the Ethics in Government Act. SEA looks forward to working with Congress and the Office of Government Ethics to address these recommendations.
The report can be found at http://www.napawash.org/publications/the-stock-act-an-independent-review/
The Senior Executives Association (SEA) is a professional association representing Senior Executive Service members and other career federal executives. Founded in 1980, SEA's goals are: to improve the efficiency, effectiveness and productivity of the federal government; to advance the professionalism and advocate the interests of career federal executives; and to enhance public recognition of their contributions. The SEA Professional Development League (PDL) is a nonprofit educational organization committed to advancing the professionalism of career federal executives through the sponsorship of training, recognition, and research activities.