To prohibit the purchase or sale of securities while aware of nonpublic information contained in certain social media accounts controlled by Government officials, and for other purposes.
About This Bill
Committee
Latest Action · August 20, 2026
Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The NO PROFIT Act (No Preferential Release Of Federal Information for Transactions Act) prohibits individuals from trading securities, commodities, and other financial instruments while possessing nonpublic information obtained through early access to social media posts from government officials. The bill applies to the President, Vice President, Members of Congress, federal employees, judges, and their immediate family members, as well as accounts operated by federal agencies, and extends to individuals for up to 180 days after they leave government service. The legislation also bars social media platforms from offering "prioritized access" to government officials' posts, which would allow certain people to see information before it becomes generally available to the public, with violating platforms facing civil penalties equal to all revenue they received from providing such early access. The Securities and Exchange Commission and Commodity Futures Trading Commission have 180 days after enactment to issue rules implementing the trading prohibition, treating violations as securities or commodities fraud enforceable by these agencies using existing legal authorities.
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