Security Clearance Enhancement Act of 2014 - Amends the Intelligence Reform and Terrorism Prevention Act of 2004 to expand the responsibilities of the executive agency selected to conduct security clearance investigations of U.S. government employees and contractors who require access to classified information. Requires such agency to provide for: (1) the collection of data from government, commercial data, consumer reporting agency, and social media sources, as well as data relevant to the granting, denial, or revocation of access to classified information; (2) periodic reinvestigations to review the accuracy and comprehensiveness of information relating to such access; and (3) a process to notify an agency if a verification or periodic reinvestigation has revealed information pertinent to revocation of access.
Requires personnel security investigations of an individual to include information collected from:
Requires data collected during reinvestigations to be included in the security clearance database established by the Office of Personnel Management (OPM).
Increases the frequency of periodic investigations conducted for the purpose of updating a previously completed background investigation to two times (currently, once) every: (1) 5 years in the case of a top secret clearance or access to a highly sensitive program, (2) 10 years in the case of a secret clearance, or (3) 15 years in the case of a confidential clearance.
Reestablishes an annual report to Congress regarding security clearances. Requires such reports to assess the effectiveness of OPM's security clearance database.
Prohibits this Act from being construed to require increased consideration of information relating to an individual's minor financial or mental health issues.