Foreign intelligence agencies often recruit spies and double agents within the American government by targeting federal employees in financial distress. Rep. Jim Moran (D-Va.) says the passage of a bill in the House of Representatives today will prevent those intelligence agencies from finding financially-troubled feds with only a few clicks of the mouse.

Moran applauded the passage of bill S. 3625, which will delay certain provisions of the Stop Trading on Congressional Knowledge (STOCK) Act from taking effect. The provisions would have required automatic online posting of the financial disclosure forms of 28,000 senior federal employees (GS-15 and SES level). The forms could reveal information about employees’ stock portfolio, real estate investments, and retirement funds.

In an Op-Ed in the Federal Times, Moran wrote:

Under the proposed online system our enemies around the world might be able to search thousands of records with a single keystroke — anonymously exploiting an easily accessible database to search for subtle differences in financial disclosures. If analyzed closely, these differences might betray the identity of members of the intelligence community, while simultaneously providing information to our enemies as to which employees might be struggling financially — a known criteria used by foreign intelligence services to target individuals for espionage.

The bill, which will now head to the president’s desk following today’s voice vote in the House, will delay the online reporting provisions for senior federal employees from taking effect until Dec. 8. It also requires a study of “issues raised by website publication of financial disclosure forms” by the National Academy of Public Administration.

Earlier this month, a federal judge blocked enforcement of the STOCK Act until Oct. 31, after the American Civil Liberties Union argued that posting employees’ financial information is a violation of their privacy.

The full press release from Rep. Moran’s office, after the jump.

Photo courtesy Andrew Clegg