119th (2025–2027)
S. 5223
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.