A $200 fee now is in effect for late filing of disclosures of certain financial transactions by employees who must file public financial disclosure reports, the Office of Government Ethics has said.
About 28,000 senior officials, mostly career federal employees in the SES and at other high levels, must file those forms. Under a provision of the Stock Act that took effect last July, certain transactions must be reported within 45 days rather than annually. Failure to file on time incurs a penalty of $200, although for the first year of the new requirement, OGE had granted a blanket waiver of that fee. That waiver expired July 3.
However, there are circumstances in which an agency may waive the fee by granting an extension of the filing deadline, OGE added, such as family emergencies or other reasons outside an employee’s control.
The guidance is here: http://www.oge.gov/OGE-Advisories/Legal-Advisories/LA-13-09–Periodic-Transaction-Reporting—Lapse-of-Penalty-Waiver/
