NO PROFIT Act

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

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.

Bans trading on early government social media posts and stops platforms from offering special access.

This bill would stop people from making trades using nonpublic information they get early from government officials' social media. It would also prevent social media companies from giving special, early access to these posts, aiming for fairer markets.

What Would Change

Today, there isn't a specific federal law stopping people from trading on early, nonpublic information from government social media, nor is there a ban on platforms offering such access. If this bill becomes law, it would make it illegal for individuals to trade on or share this "prioritized covered information." It would also prohibit social media platforms from providing that special access. Platforms would face civil penalties equal to the total revenue they received from such access.

Key Provisions

Bans individuals from buying or selling investments while aware of nonpublic information obtained early from government social media accounts.
Blocks individuals from telling others this early information if they know it will be used for trading.
Prohibits social media platforms from knowingly offering special, early access to communications from government officials' social media accounts.
Requires social media platforms that violate this rule to pay a civil penalty equal to the revenue they gained from providing that special access.
Directs the Securities and Exchange Commission and the Commodity Futures Trading Commission to create new rules within 180 days to carry out these trading prohibitions.

View on Congress.gov

HR 10125 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10

NO PROFIT Act

What Would Change

Key Provisions

Lobbying Activity