,,ii #aahth ,,congress #ast ,session ,s4 #ceee ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,december #ah1 #bjbc,mrs4 ,gillibrand introduced the following bill2 which was read twice and referred to the ,committee on ,homeland ,security and ,governmental ,affairs ,a ,,bill ,to amend chapter #aca of title #e1 ,united ,states ,code1 and the ,,stock ,act to require certain senior officials to report payments received from the ,federal ,government1 to improve the filing and disclosure of financial disclosures by ,members of ,congress1 congressional staff1 very senior employees1 and others1 and to ban stock trading for certain senior ,government officials1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,stock ,act #b4j4 #b4 ,reporting of applications for1 or receipt of1 payments from ,federal ,government 7a7 ,in general ,section #acajc of title #e1 ,united ,states ,code1 is amended by adding at the end the following3 7i7 ,reporting of applications for1 or receipt of1 payments from ,federal ,government 7#a7 ,definitions ,in this subsection3 7,a7 ,covered payment 7i7 ,in general ,the term covered payment means a payment of money or any other item of value made1 or promised to be made1 by the ,federal ,government4 7ii7 ,inclusions ,the term covered payment includes-- 7,i7 a loan agreement1 contract1 or grant made1 or promised to be made1 by the ,federal ,government2 and 7,,ii7 such other types of payment of money or items of value as the ,secretary of the ,treasury1 in consultation with the ,director of the ,office of ,government ,ethics1 may establish1 by regulation4 7iii7 ,exclusions ,the term covered payment does not include-- 7,i7 any salary or compensation for service performed as1 or reimbursement of personal outlay by1 an officer or employee of the ,federal ,government2 or 7,,ii7 any tax refund 7including a refundable tax credit74 7,b7 ,covered person ,the term covered person means-- 7i7 an individual described in any of paragraphs 7#a7 through 7#ac7 of section #acaje7l72 or 7ii7 a spouse or dependent child of an individual described in clause 7i74 7,c7 ,dependent child ,the term dependent child means1 with respect to any individual described in subparagraph 7,b77i71 any individual who is-- 7i7 under the age of #ai2 and 7ii7 a dependent of the individual described in subparagraph 7,b77i7 within the meaning of section #aeb of the ,internal ,revenue ,code of #aihf4 7#b7 ,reporting requirement ,not later than #cj days after the date of receipt of a notice of any application for1 or receipt of1 a covered payment by a covered person 7including any business owned and controlled by the covered person71 but in no case later than #de days after the date on which the covered payment is made or promised to be made1 the covered person shall submit to the applicable supervising ethics office a report describing the covered payment4 7#c7 ,fine for failure to report ,notwithstanding section #acajf7;d71 a covered person shall be assessed a fine1 pursuant to regulations issued by the applicable supervising ethics office1 of #e1jjj in each case in which the covered person fails to file a report required under this subsection4 4 7b7 ,report contents ,section #acajd of title #e1 ,united ,states ,code1 is amended by adding at the end the following3 7j7 ,payments from ,federal ,government ,each report filed pursuant to subsection 7i7 of section #acajc shall include-- 7#a7 an identification of each type of payment or item of value applied for1 or received1 from the ,federal ,government2 7#b7 7,a7 the name of each recipient of each payment or item of value identified under paragraph 7#a72 and 7,b7 the relationship of each recipient named under subparagraph 7,a7 to the person filing the report2 7#c7 a description of the date on which1 as applicable-- 7,a7 an application for a payment or other item of value was submitted to the ,federal ,government2 and 7,b7 the payment or item of value was received from the ,federal ,government2 and 7#d7 a description of the amount of each applicable payment or item of value4 4 7c7 ,technical and conforming amendments 7#a7 ,persons required to file ,section #acajc7;f7 of title #e1 ,united ,states ,code1 is amended-- 7,a7 in paragraph 7#i71 by striking as defined in section #acaja of this title2 7,b7 in paragraph 7#aj71 by striking as defined in section #acaja of this title2 7,c7 in paragraph 7#aa71 by striking as defined in section #acaja of this title2 and 7,d7 in paragraph 7#ab71 by striking as defined in section #acaja of this title4 7#b7 ,contents of reports ,section #acajd7;a7 of title #e1 ,united ,states ,code1 is amended in the matter preceding paragraph 7#a71 by striking section #acajc7;d7 and 7e7 and inserting subsection 7d7 or 7e7 of section #acajc4 7d7 ,effective date ,the amendments made by this section shall apply to relevant applications submitted to1 and payments made or promised to be made by1 the ,federal ,government on or after the date that is #ij days after the date of enactment of this ,act4 #c4 ,inclusion of ,federal ,reserve officials 7a7 ,in general ,notwithstanding any other provision of law1 each provision of law described in subsection 7b7 shall apply to a president1 vice president1 or director of a ,federal ,reserve bank4 7b7 ,description of provisions of law ,the provisions of law referred to in subsection 7a7 are-- 7#a7 subchapter ,i of chapter #aca of title #e1 ,united ,states ,code2 7#b7 the ,,stock ,act 7,public ,law #aab-aje2 #abf ,stat4 #bia2 #abf ,stat4 #acaj2 #abg ,stat4 #dch2 #acb ,stat4 #dafg72 and 7#c7 subsections 7h7 and 7i7 of section #ba;,a of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghu-#a74 7c7 ,supervising ethics office ,for purposes of this section and the provisions of law described in subsection 7b71 the supervising ethics office for a president of a ,federal ,reserve bank1 vice president of a ,federal ,reserve bank1 or director of a ,federal ,reserve bank shall be the ,inspector ,general of the ,board of ,governors of the ,federal ,reserve ,system and the ,bureau of ,consumer ,financial ,protection4 #d4 ,penalty for noncompliance 7a7 ,in general ,section #acajf7;a77#b77;,b77ii7 of title #e1 ,united ,states ,code1 is amended by striking fined under title #ah and inserting fined #a1jjj in each case in which the individual fails to file a transaction report required under this ,act4 7b7 ,rules1 regulations1 guidance1 and documents ,not later than #a year after the date of enactment of this ,act1 each supervising ethics office 7as defined in section #b of the ,,stock ,act 7#e ,u4,s4,c4 #acaja note777including the ,administrative ,office of the ,united ,states ,courts1 as applicable7 shall amend the rules1 regulations1 guidance1 documents1 papers1 and other records of the supervising ethics office in accordance with the amendment made by this section4 #e4 ,banning conflicted interests 7a7 ,in general 7#a7 ,banning conflicted interests ,chapter #aca of title #e1 ,united ,states ,code1 is amended by adding at the end the following3 ,,iv ,banning conflicted interests #acafa4 ,definitions ,in this subchapter3 7#a7 ,commodity ,the term commodity has the meaning given the term in section #a;a of the ,commodity ,exchange ,act 7#g ,u4,s4,c4 #a;a74 7#b7 ,covered financial interest 7,a7 ,in general ,the term covered financial interest means-- 7i7 any investment in-- 7,i7 a security 7as defined in section #c7;a7 of ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;c7a7772 7,,ii7 a future2 7,,iii7 a commodity 7as defined in section #a;a of the ,commodity ,exchange ,act 7#g ,u4,s4,c4 #a;a772 or 7,,iv7 cryptocurrency1 such as a coin or token-- 7aa7 received in connection with an initial coin offering2 or 7bb7 issued or distributed using distributed ledger or blockchain technology2 and 7ii7 any economic interest comparable to an interest described in clause 7i7 that is acquired through synthetic means1 such as the use of a derivative1 including an option1 warrant1 or other similar means4 7,b7 ,exclusions ,the term covered financial interest does not include-- 7i7 an investment fund registered as an investment company under section #c of the ,investment ,company ,act of #aidj 7#ae ,u4,s4,c4 #hj;a-#c7 that is diversified as defined in section #bfdj4ajb of title #e1 ,code of ,federal ,regulations2 7ii7 compensation from the primary occupation of the spouse of an individual described in subparagraphs 7,a7 through 7,g7 of paragraph 7#c71 or any security that is issued or paid by an operating business that is the primary employer of such a spouse that is issued or paid to such a spouse2 or 7iii7 a ,united ,states ,treasury bill1 note1 or bond4 7#c7 ,covered individual ,the term covered individual means-- 7,a7 a ,member of ,congress 7as defined in section #acaja72 7,b7 the ,president2 7,c7 the ,vice ,president2 7,d7 the ,chief ,justice of the ,united ,states2 7,e7 an ,associate ,justice of the ,supreme ,court of the ,united ,states2 7,f7 a member of the ,board of ,governors of the ,federal ,reserve ,system2 7,g7 a president or vice president of a ,federal ,reserve bank2 or 7,h7 the spouse or dependent child of an individual described in subparagraphs 7,a7 through 7,g74 7#d7 ,dependent child ,the term dependent child means any individual who is-- 7,a7 under the age of #ai2 and 7,b7 a dependent of an individual described in subparagraphs 7,a7 through 7,g7 of paragraph 7#c7 within the meaning of section #aeb of the ,internal ,revenue ,code of #aihf4 7#e7 ,future ,the term future means-- 7,a7 a security future 7as defined in section #c7;a7 of ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;c7a7772 and 7,b7 any other contract for the sale of a commodity for future delivery4 7#f7 ,supervising ethics office ,the term supervising ethics office1 with respect to a covered individual1 has the meaning given the term in section #acaja with respect to that covered individual4 #acafb4 ,prohibitions 7a7 ,transactions ,except as provided in section #acafc1 no covered individual may-- 7#a7 hold1 purchase1 sell1 or conduct any type of transaction with respect to a covered financial interest2 or 7#b7 enter into a transaction that creates a net short position in any security4 7b7 ,positions ,a covered individual may not serve as an officer or member of any board of any for-profit association1 corporation1 or other entity4 7c7 ,cooling-,off period ,any individual subject to the restrictions contained in subsection 7a7 who1 within #abj days after such individual ceases to be a covered individual1 engages in any of the actions under such subsection1 shall be in violation of this subchapter4 #acafc4 ,divestiture 7a7 ,covered financial interests acquired prior to ,federal service or enactment of ,,stock ,,act #b4j ,with respect to any covered financial interest held by a covered individual1 the covered individual shall sell the covered financial interest during the applicable #abj-;day period beginning on the later of-- 7#a7 the date on which an individual becomes a covered individual2 and 7#b7 the date of enactment of ,,stock ,act #b4j4 7b7 ,covered financial interests acquired through inheritance after the applicable period 7#a7 ,in general ,a covered individual who inherits a covered financial interest after the conclusion of the applicable #abj-;day period described in subsection 7a7 shall sell the covered financial interest during the #abj-;day period beginning on the date on which the covered financial interest is inherited4 7#b7 ,extensions ,a covered individual may request1 and the supervising ethics office may grant1 #a or more reasonable extensions of the period described under paragraph 7#a71 subject to the conditions that-- 7,a7 the total period of time covered by all extensions granted for the covered financial interest shall not exceed #aej days2 and 7,b7 the period covered by a single extension shall be not longer than #de days4 #acafd4 ,certificate of compliance ,each covered individual shall submit to the supervising ethics office a written certification that such covered individual has achieved compliance with the requirements of this subchapter4 #acafe4 ,publication ,each supervising ethics office shall make publicly available on a website of such office the following3 7#a7 ,within #cj days of receipt1 each request for an extension under section #acafc7;b77#b74 7#b7 ,the outcome of the decision to grant or deny each such request within #cj days of such decision4 #acaff4 ,enforcement ,a covered individual who knowingly fails to comply with this subchapter shall be assessed a fine by the supervising ethics office of not less than #aj percent of the value of the covered financial interest that was purchased1 sold1 or held1 or the security in which a net short position was created1 in violation of this title1 as applicable4 #acafg4 ,applicability ,this subchapter shall apply to any covered financial interest held in any trust with respect to which the covered individual is a beneficial owner1 regardless of whether the trust is a qualified blind trust4 4 7#b7 ,clerical amendment ,the table of sections for chapter #aca of title #e1 ,united ,states ,code1 is amended by adding at the end the following3 ,subchapter ,,iv--,banning ,conflicted ,interests,sec4 #acafa4 ,definitions4,sec4 #acafb4 ,prohibitions4,sec4 #acafc4 ,divestiture4,sec4 #acafd4 ,certificate of compliance4,sec4 #acafe4 ,publication4,sec4 #acaff4 ,enforcement4,sec4 #acafg4 ,applicability4 7b7 ,certificate of divestiture ,section #ajdc7;b77#b77;,b7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7,b7 that has been issued by-- 7i7 the ,president or the ,director of the ,office of ,government ,ethics1 in the case of executive branch officers or employees or the spouse or dependent child of a member of the ,board of ,governors of the ,federal ,reserve ,system1 7ii7 the ,director of the ,office of ,government ,ethics1 in the case of the ,president1 ,vice ,president1 or the spouse or dependent child of the ,president or ,vice ,president1 7iii7 the ,judicial ,conference of the ,united ,states 7or its designee71 in the case of judicial officers or the spouse or dependent child of the ,chief ,justice or the ,associate ,justice1 7iv7 the applicable congressional ethics committee1 in the case of ,members of ,congress or the spouse or dependent child of a ,member of ,congress1 or 7v7 the ,inspector ,general of the ,board of ,governors of the ,federal ,reserve ,system and the ,bureau of ,consumer ,financial ,protection1 in the case of a president of a ,federal ,reserve bank1 vice president of a ,federal ,reserve bank1 or the spouse or dependent child of the president or vice president of a ,federal ,reserve ,bank1 and 4 7c7 ,conforming amendments 7#a7 ,authority and functions ,section #acabb7;f77#b77;,b7 of title #e1 ,united ,states ,code1 is amended-- 7,a7 by striking ,subject to clause 7iv7 of this subparagraph1 before each place it appears and inserting ,before2 and 7,b7 by striking clause 7iv74 7#b7 ,lobbying ,disclosure ,act of #aiie ,section #c7d77;,d7 of the ,lobbying ,disclosure ,act of #aiie 7#b ,u4,s4,c4 #afjb7d77;,d77 is amended by striking legislative branch employee serving in a position described under section #acaja7ac7 of title #e1 ,united ,states ,code and inserting officer or employee of ,congress 7as defined in section #acaja of title #e1 ,united ,states ,code74 7#c7 ,,stock ,act ,section #b of the ,,stock ,act 7#e ,u4,s4,c4 #acaja note7 is amended-- 7,a7 in paragraph 7#b77;,b71 by striking 7#aa72 7,b7 in paragraph 7#d71 by striking 7#aj72 7,c7 in paragraph 7#e71 by striking 7#i72 and 7,d7 in paragraph 7#f71 by striking 7#ah74 7#d7 ,securities ,exchange ,act of #aicd ,section #ba;,a of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghu-#a7 is amended-- 7,a7 in subsection 7g77#b77;,b77ii71 by striking 7#aa72 and 7,b7 in subsection 7h77#b7-- 7i7 in subparagraph 7,b71 by striking 7#i72 and 7ii7 in subparagraph 7,c71 by striking 7#aj74 #f4 ,electronic filing and online public availability of financial disclosure forms 7a7 ,members of ,congress and congressional staff ,section #h7;b77#a7 of the ,,stock ,act 7#e ,u4,s4,c4 #acajg note7 is amended-- 7#a7 in the matter preceding subparagraph 7,a71 by inserting 1 pursuant to chapter #aca of title #e1 ,united ,states ,code1 through databases maintained on the official websites of the ,senate and ,house of ,representatives after enable2 7#b7 in subparagraph 7,a71 by striking reports received by them pursuant to section #acaje7;h77#a77;,a7 of title #e1 ,united ,states ,code1 and and inserting each report received under section #acaje7;h77#a77;,a7 of title #e1 ,united ,states ,code2 and2 and 7#c7 by striking subparagraph 7,b7 and the undesignated matter following that subparagraph and inserting the following3 7,b7 public access-- 7i7 to each-- 7,i7 financial disclosure report filed by a ,member of ,congress or a candidate for ,congress2 7,,ii7 transaction disclosure report filed by a ,member of ,congress or a candidate for ,congress pursuant to section #acaje7l7 of title #e1 ,united ,states ,code2 and 7,,iii7 notice of extension1 amendment1 or blind trust1 with respect to a report described in subclause 7,i7 or 7,,ii71 pursuant to chapter #aca of title #e1 ,united ,states ,code2 and 7ii7 in a manner that-- 7,i7 allows the public to search1 sort1 and download data contained in the reports described in subclause 7,i7 or 7,,ii7 of clause 7i7 by criteria required to be reported1 including by filer name1 asset1 transaction type1 ticker symbol1 notification date1 amount of transaction1 and date of transaction2 7,,ii7 allows access through an application programming interface2 and 7,,iii7 is fully compliant with-- 7aa7 section #ejh of the ,rehabilitation ,act of #aigc 7#bi ,u4,s4,c4 #gid;d72 and 7bb7 the most recent ,web ,content ,accessibility ,guidelines 7or successor guidelines74 4 7b7 ,very senior executive branch employees ,section #aa7;b77#a7 of the ,,stock ,act 7,public ,law #aab-aje2 #abf ,stat4 #bii7 is amended-- 7#a7 in the matter preceding subparagraph 7,a71 by inserting 1 pursuant to chapter #aca of title #e1 ,united ,states ,code1 through databases maintained on the official website of the ,office of ,government ,ethics after enable2 and 7#b7 by striking subparagraph 7,b7 and the undesignated matter following that subparagraph and inserting the following3 7,b7 public access-- 7i7 to each-- 7,i7 financial disclosure report filed by the ,president1 ,vice ,president1 or an officer occupying a position listed in section #ecab or #ecac of title #e1 ,united ,states ,code1 having been nominated by the ,president and confirmed by the ,senate to that position2 7,,ii7 transaction disclosure report filed by an individual described in subclause 7,i7 pursuant to section #acaje7l7 of title #e1 ,united ,states ,code2 and 7,,iii7 notice of extension1 amendment1 or blind trust1 with respect to a report described in subclause 7,i7 or 7,,ii71 pursuant to chapter #aca of title #e1 ,united ,states ,code2 and 7ii7 in a manner that-- 7,i7 allows the public to search1 sort1 and download data contained in the reports described in subclause 7,i7 or 7,,ii7 of clause 7i7 by criteria required to be reported1 including by filer name1 asset1 transaction type1 ticker symbol1 notification date1 amount of transaction1 and date of transaction2 7,,ii7 allows access through an application programming interface2 and 7,,iii7 is fully compliant with-- 7aa7 section #ejh of the ,rehabilitation ,act of #aigc 7#bi ,u4,s4,c4 #gid;d72 and 7bb7 the most recent ,web ,content ,accessibility ,guidelines 7or successor guidelines74 4 7c7 ,judicial officers ,section #i of the ,,stock ,act 7,public ,law #aab-aje2 #abf ,stat4 #big7 is amended by adding at the end the following3 7c7 ,judicial officers 7#a7 ,in general ,subject to paragraph 7#f71 not later than #a year after the date of enactment of this subsection1 the ,administrative ,office of the ,united ,states ,courts shall develop a system to enable1 pursuant to chapter #aca of title #e1 ,united ,states ,code1 through a database maintained on the official website of the ,administrative ,office of the ,united ,states ,courts-- 7,a7 electronic filing of reports received from judicial officers pursuant to that chapter2 and 7,b7 public access-- 7i7 to each-- 7,i7 financial disclosure report filed by a judicial officer2 7,,ii7 transaction disclosure report filed by a judicial officer pursuant to section #acaje7l7 of title #e1 ,united ,states ,code2 and 7,,iii7 notice of extension1 amendment1 or blind trust1 with respect to a report described in subclause 7,i7 or 7,,ii71 pursuant to chapter #aca of title #e1 ,united ,states ,code2 and 7ii7 in a manner that-- 7,i7 allows the public to search1 sort1 and download data contained in a report described in clause 7i7 by criteria required to be reported1 including by filer name1 asset1 transaction type1 ticker symbol1 notification date1 amount of transaction1 and date of transaction2 7,,ii7 allows access through an application programming interface2 and 7,,iii7 is fully compliant with-- 7aa7 section #ejh of the ,rehabilitation ,act of #aigc 7#bi ,u4,s4,c4 #gid;d72 and 7bb7 the most recent ,web ,content ,accessibility ,guidelines 7or successor guidelines74 7#b7 ,login ,for purposes of filings under paragraph 7#a77;,b71 section #acajg7;b77#b7 of title #e1 ,united ,states ,code1 shall not apply4 7#c7 ,public availability ,the electronic availability of filings under paragraph 7#a77;,b7 on the official website of the ,administrative ,office of the ,united ,states ,courts shall be deemed to meet the public availability requirement under section #acajg7;b77#a7 of title #e1 ,united ,states ,code4 7#d7 ,filers covered ,each judicial officer who is required under chapter #aca of title #e1 ,united ,states ,code1 to file a financial disclosure report with a supervising ethics office shall be able to file that report electronically using the applicable system developed under this subsection4 7#e7 ,extensions ,each notice of an extension for a financial disclosure covered by this subsection shall be made available electronically under paragraph 7#a77;,b71 together with any related disclosure4 7#f7 ,additional time ,the requirements of this subsection may be implemented after the date described in paragraph 7#a7 if the ,administrative ,office of the ,united ,states ,courts identifies in writing to the relevant congressional committees the additional time needed for that implementation4 4 7d7 ,officers of ,federal ,reserve banks ,section #i of the ,,stock ,act 7,public ,law #aab-aje2 #abf ,stat4 #big7 7as amended by subsection 7c77 is amended by adding at the end the following3 7d7 ,officers of ,federal ,reserve banks 7#a7 ,definitions ,in this subsection3 7,a7 ,covered person ,the term covered person means-- 7i7 a president of a ,federal ,reserve bank2 7ii7 a vice president of a ,federal ,reserve bank2 7iii7 a director of a ,federal ,reserve bank2 or 7iv7 the spouse or dependent child of an individual described in clause 7i71 7ii71 or 7iii74 7,b7 ,dependent child ,the term dependent child means any individual who is-- 7i7 under the age of #ai2 and 7ii7 a dependent of an individual described in clause 7i71 7ii71 or 7iii7 of subparagraph 7,a7 within the meaning of section #aeb of the ,internal ,revenue ,code of #aihf4 7,c7 ,supervising ethics office ,the term supervising ethics office means the ,inspector ,general of the ,board of ,governors of the ,federal ,reserve ,system and the ,bureau of ,consumer ,financial ,protection4 7#b7 ,electronic filing and online public availability of financial disclosure forms 7,a7 ,in general ,subject to subparagraph 7,f71 not later than #a year after the date of enactment of this subsection1 the supervising ethics office shall develop a system to enable1 pursuant to chapter #aca of title #e1 ,united ,states ,code1 through a database maintained on the official website of the supervising ethics office-- 7i7 electronic filing of reports received from covered persons pursuant to that chapter2 and 7ii7 public access-- 7,i7 to each-- 7aa7 financial disclosure report filed by a covered person2 7bb7 transaction disclosure report filed by a covered person pursuant to section #acaje7l7 of title #e1 ,united ,states ,code2 and 7cc7 notice of extension1 amendment1 or blind trust1 with respect to a report described in item 7aa7 or 7bb71 pursuant to that chapter2 and 7,,ii7 in a manner that-- 7aa7 allows the public to search1 sort1 and download data contained in a report described in subclause 7,i7 by criteria required to be reported1 including by filer name1 asset1 transaction type1 ticker symbol1 notification date1 amount of transaction1 and date of transaction2 7bb7 allows access through an application programming interface2 and 7cc7 is fully compliant with-- 7,,aa7 section #ejh of the ,rehabilitation ,act of #aigc 7#bi ,u4,s4,c4 #gid;d72 and 7,,bb7 the most recent ,web ,content ,accessibility ,guidelines 7or successor guidelines74 7,b7 ,login ,for purposes of filings under subparagraph 7,a77ii71 section #acajg7;b77#b7 of title #e1 ,united ,states ,code1 shall not apply4 7,c7 ,public availability ,the electronic availability of filings under subparagraph 7,a77ii7 on the official website of a supervising ethics office shall be deemed to meet the public availability requirement under section #acajg7;b77#a7 of title #e1 ,united ,states ,code4 7,d7 ,filers covered ,each covered person who is required under chapter #aca of title #e1 ,united ,states ,code1 to file a financial disclosure report with a supervising ethics office shall be able to file that report electronically using the applicable system developed under this paragraph4 7,e7 ,extensions ,each notice of an extension for a financial disclosure covered by this paragraph shall be made available electronically under subparagraph 7,a77ii71 together with any related disclosure4 7,f7 ,additional time ,the requirements of this paragraph may be implemented after the date described in subparagraph 7,a7 if a supervising ethics office identifies in writing to the relevant congressional committees the additional time needed for that implementation4 4 7e7 ,applicability ,the amendments made by this section shall apply on and after the date that is #ah months after the date of enactment of this ,act4