To amend chapter 131 of title 5 to restrict certain financial trade and ownership for certain federal officials and their spouses and dependents, and for other purposes.
About This Bill
Committee
Latest Action · June 30, 2026
Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on House Administration, the Judiciary, and Ways and Means, 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 Profiting from Public Service Act restricts federal officials and certain related individuals from owning or trading individual stocks, commodities, futures, and other specific financial investments while in office. The legislation applies to Members of Congress, federal judges, the President, Vice President, top executive branch appointees, candidates for federal office, and their spouses and dependent children. Officials covered by the bill have 90 days from when it takes effect to divest prohibited investments by selling them or placing them in qualified blind trusts, and they face penalties of 10 percent of the investment value plus forfeiture of any profits if they violate the restrictions. The bill also prohibits all covered officials and individuals from trading prediction market contracts tied to political or governmental events. Exemptions include diversified mutual funds, exchange-traded funds, Treasury bonds, state and municipal bonds, and small business interests, allowing officials to maintain these less conflict-prone investments.
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