Stop Corrupt Trading Act

This legislation aims to prevent the misuse of nonpublic information by high-ranking government officials. It specifically prohibits the President, Vice President (defined as "covered persons"), and entities they control or have significant financial interest in ("covered entities") from selling or exchanging nonpublic information for financial gain. The bill also makes it illegal for any other person to acquire, purchase, sell, or exchange such information for financial benefit. **Nonpublic information** is broadly defined as data a **covered person** obtains through their official position that is not publicly available, including confidential or statutorily protected information. Violations of these prohibitions carry severe consequences. Criminal penalties for **covered persons** and **covered entities** can include fines up to double the transaction value, imprisonment for up to five years, or both, alongside criminal forfeiture of ill-gotten gains. For other persons, criminal fines can also be up to double the transaction value. Beyond criminal sanctions, the Attorney General is authorized to pursue civil actions, seeking **disgorgement** of profits, civil penalties up to $250,000 or three times the gain, and other equitable relief. Counterparties and entities knowingly involved in such transactions are held jointly and severally liable. The Office of Government Ethics is mandated to refer any credible evidence of such conduct to the Attorney General, ensuring oversight and enforcement.