Agriculture Committee, Financial Services Committee, Energy and Commerce Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
This legislation, known as the NO PROFIT Act, seeks to prevent individuals from profiting from early access to government-related information. It establishes a prohibition against purchasing or selling securities, commodities, or related financial instruments while aware of prioritized covered information . This information is defined as material, nonpublic content obtained through preferential access to social media communications from covered government officials or federal agencies. The bill makes it unlawful for any person to trade on such information before it is generally available, to direct others to trade, or to tip others if they know the recipient is likely to trade. A key aspect is that liability does not require proof of a breach of fiduciary duty, only knowledge that the information was obtained through prioritized access. Violations involving securities are enforceable by the Securities and Exchange Commission, while commodity-related violations fall under the Commodity Futures Trading Commission's jurisdiction. Furthermore, the bill prohibits social media platforms from knowingly offering, selling, or licensing prioritized access to communications from these official accounts. This ensures that information is disseminated equally to the public. Exceptions are made for standard algorithmic content ranking, public health/safety communications to government entities, and certain programmatic access that does not confer an unfair timing advantage. Platforms violating this prohibition face civil penalties equal to the revenue received from providing such preferential access.
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.
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.
NO PROFIT Act
USA119th CongressHR-10125| House
| Updated: 8/20/2026
This legislation, known as the NO PROFIT Act, seeks to prevent individuals from profiting from early access to government-related information. It establishes a prohibition against purchasing or selling securities, commodities, or related financial instruments while aware of prioritized covered information . This information is defined as material, nonpublic content obtained through preferential access to social media communications from covered government officials or federal agencies. The bill makes it unlawful for any person to trade on such information before it is generally available, to direct others to trade, or to tip others if they know the recipient is likely to trade. A key aspect is that liability does not require proof of a breach of fiduciary duty, only knowledge that the information was obtained through prioritized access. Violations involving securities are enforceable by the Securities and Exchange Commission, while commodity-related violations fall under the Commodity Futures Trading Commission's jurisdiction. Furthermore, the bill prohibits social media platforms from knowingly offering, selling, or licensing prioritized access to communications from these official accounts. This ensures that information is disseminated equally to the public. Exceptions are made for standard algorithmic content ranking, public health/safety communications to government entities, and certain programmatic access that does not confer an unfair timing advantage. Platforms violating this prohibition face civil penalties equal to the revenue received from providing such preferential access.
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.
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.