# 119-s-2877: No Stock Act

119-s-2877, No Stock Act, is a 119th Congress bill sponsored by Sen. Gillibrand, Kirsten E. [D-NY] (D-NY); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-2877
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2877
- Congress: 119
- Title: No Stock Act
- Status: introduced
- Introduced: 2025-09-18
- Sponsor: Sen. Gillibrand, Kirsten E. [D-NY] (D-NY)
- Cosponsors: 0
- Policy area: Government Operations and Politics
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Ban on conflicted financial holdings for top officials.** This bill would bar covered officials and their spouses and dependent children from buying, selling, or holding defined securities, futures, commodities, and many digital assets. It would require quick divestment for existing holdings, create public reporting rules for extension requests, and set monetary penalties for violations. - Covered officials — such as the President, the Vice President, Members of Congress, Supreme Court justices, and senior Federal Reserve officials — would have to sell covered financial interests within 120 days of becoming covered or of enactment. They would also be prohibited from serving as officers or board members of for‑profit entities while covered and face a 120 day cooling‑off period after leaving covered status. - Families and trusts would be directly affected. The bill treats a spouse and dependent child as covered persons, excludes spouse compensation, diversified registered funds, and U.S. Treasury securities, and expressly applies the ban to assets held in trusts where the official is the beneficial owner. - Ethics offices and enforcement would change. Supervising ethics offices must post extension requests and decisions within 30 days, and violations can trigger a monetary fine of at least 10 percent of the value of the covered asset.

## Provisions PRIA read

- Fines for knowing violations: cost, high. If enacted, an ethics office could fine a covered official who knowingly breaks the rules. The fine would be at least 10 percent of the value of the covered investment or the security involved. For example, a $100,000 violating holding would lead to at least a $10,000 fine.
- Forced sale and compliance rules: cost, medium. If enacted, covered officials would have to sell covered investments within 120 days after becoming covered or after enactment. Inherited covered investments must be sold within 120 days of inheritance, but short extensions are allowed. No single extension may exceed 45 days and total extensions ma…
- No corporate boards for officials: cost, medium. If enacted, covered officials could not serve as an officer or board member of any for‑profit entity. The rule would take effect on enactment and would block paid corporate governance roles while the person is a covered official.
- Trading ban for top officials: cost, medium. If enacted, covered officials would be barred from holding, buying, selling, or transacting in many investments. The rule would cover stocks, futures, commodities, many cryptocurrencies, NFTs, and synthetic positions like options. It would also cover investments held in trusts and would apply to th…
- Change to lobbying disclosure wording: cost, low. If enacted, the bill would change one phrase in the Lobbying Disclosure Act. The new wording would explicitly refer to officers or employees of Congress. This would alter which congressional staff are covered by certain lobbying rules.

## Related bills

- 119-s-4203: Voter Empowerment Act of 2026
- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-5071: Children's Safe Welcome Act of 2026
- 119-s-5022: Cannabis Administration and Opportunity Act
- 119-s-2819: Head Start for America's Children Act
- 119-s-1541: SHIPS for America Act of 2025

## Sources
- [119-s-2877 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2877)

## Related
- [119-s-4203: Voter Empowerment Act of 2026](https://policyrisk.com/legislation/119-s-4203)
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-5071: Children's Safe Welcome Act of 2026](https://policyrisk.com/legislation/119-s-5071)
- [119-s-5022: Cannabis Administration and Opportunity Act](https://policyrisk.com/legislation/119-s-5022)
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2877 (as of 2026-04-21).