The STOCK Act passed in April 2012 to much fanfare. It required Congressional members, staffers, and high-ranking Executive branch members to disclose financial information in order to protect the American people from insider trading and unscrupulous financial moves.
In April 2013, Congress and the President removed several key provisions of the STOCK Act, including:
“Creation of the searchable, sortable, disclosure of the information contained in reports even for Congress, the president, vice president, the president’s cabinet and congressional candidates,” in addition to “Required electronic filing for Congress, the president, vice president, the president’s cabinet and congressional candidates, as well as high-level executive and congressional branch employees."