Stop Corrupt Trading Act
Sponsored By: Representative Salinas, Andrea [D-OR-6]
Introduced
Summary
Would ban the President and Vice President from trading on nonpublic government information for personal profit. The bill would add a new federal criminal and civil rule that targets covered officials, firms they control or own at least 5 percent of, and anyone who buys or sells nonpublic information those officials possess.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Ban on trading nonpublic presidential information
This bill would define a "covered person" as the President or Vice President. It would define a "covered entity" to include firms a covered person or an immediate family member controls, or where a covered person owns at least 5% of equity, profits, or revenue. It would define nonpublic information as official information not made public, including records exempt under 5 U.S.C. 552 and data shared on unequal terms. It would ban selling, buying, or trading such nonpublic information for financial benefit.
Big penalties for trading nonpublic information
This bill would let the Attorney General sue people who trade nonpublic presidential information. Courts could order disgorgement to the United States and civil penalties for each violation up to the greater of $250,000 or three times the gain or payment. Civil suits would use a preponderance standard and must start within 6 years, with that clock paused while the relevant officeholder is in office. Criminal penalties for sales by covered persons could include fines up to twice the transaction value, imprisonment up to 5 years, or both; purchasers could face fines up to twice the transaction value. Courts would also be required to order criminal forfeiture of proceeds.
Sponsors & CoSponsors
Sponsor
Salinas, Andrea [D-OR-6]
OR • D
Cosponsors
Rep. Mfume, Kweisi [D-MD-7]
MD • D
Sponsored 8/6/2026
Rep. Bynum, Janelle S. [D-OR-5]
OR • D
Sponsored 8/6/2026
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 8/6/2026
Rep. Dexter, Maxine [D-OR-3]
OR • D
Sponsored 8/10/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov