A bill 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 3, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
The NO PROFIT Act prohibits anyone from trading in stocks, commodities, futures contracts, or similar financial instruments while possessing nonpublic information obtained early from social media accounts controlled by government officials, their families, or federal agencies. The law applies to a broad range of government employees including the President, Vice President, members of Congress, federal workers, judges, and military members, as well as their immediate family members for up to 180 days after leaving office. The bill also prohibits social media platforms from offering early or preferential access to posts from these government-controlled accounts, with civil penalties equal to all revenue a platform receives from providing such preferential access. The Securities and Exchange Commission and Commodity Futures Trading Commission must jointly issue rules to enforce the law within 180 days of enactment. This legislation aims to prevent insider trading based on advance knowledge of government officials' public statements before they are released to the general public.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.