The Sell Your Stocks or Step Down Act would ban the President, Vice President, Members of Congress, senior federal officials, federal judges, and their spouses and dependents from owning or trading individual stocks, cryptocurrencies, commodities, futures contracts, and prediction market contracts while serving in office. Affected individuals would have 30 days from the bill's enactment—or 30 days after taking office if they become a covered official later—to sell any prohibited investments at fair market value. The legislation includes several exceptions, such as allowing investments in widely diversified funds, Treasury bonds, municipal bonds, small businesses, and personal residences. Violations would result in significant financial penalties, including a daily fee of up to 10 percent of the value of prohibited holdings that remain unsold, with a maximum penalty of 50 percent of the portfolio value, plus additional fines of $10,000 per violation. All penalties would be collected by ethics offices and deposited into the Treasury for deficit reduction, with enforcement authority including the ability to seize federal salaries and refer cases to the Attorney General for civil action.