NO PROFIT Act
Sponsored By: Representative Himes, James A. [D-CT-4]
Introduced
Summary
Stops trading on early access to officials' social media posts. This bill would bar trading on material information obtained through prioritized access to a covered government official's social media before that information is generally available.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 0 benefits, 0 costs, 3 mixed.
Platforms barred from selling early access
If enacted, the bill would bar social media platforms from knowingly selling or otherwise providing prioritized access to posts from covered accounts. The bill keeps narrow exceptions: non-covered accounts, free algorithmic ranking for users, prioritized access to government agencies or first responders for public-safety uses if no fee is charged to third parties, and limited API/data access if it is non‑discriminatory and not before general availability. If a platform violates the ban, the Attorney General could sue to recover a civil penalty equal to all revenue the platform received for that prioritized access.
Ban on trading from privileged posts
If enacted, the bill would make it unlawful for any person who is aware of prioritized covered information to trade before that information is public. This would cover securities, security-based swaps, commodities, commodity futures and options, swaps, and contracts in speculative information markets. The ban would also cover causing another person to trade and telling someone you know (or should know) will trade on the information. Enforcement would be through the SEC for securities and the CFTC for commodities, and those agencies must issue joint rules within 180 days after enactment.
Who counts as covered accounts
If enacted, the bill would define which people and accounts are covered. "Covered government official" would include the President, Vice President, Members of Congress, congressional staff, executive and judicial officers and employees. A covered family member would include a spouse, dependent child, or immediate family member. A covered social media account would be an account owned, controlled, or used by those people or by a Federal agency, and communications remain treated as covered for 180 days after a person leaves their job.
Sponsors & CoSponsors
Sponsor
Himes, James A. [D-CT-4]
CT • D
Cosponsors
Rep. Sherman, Brad [D-CA-32]
CA • D
Sponsored 8/20/2026
Rep. Foster, Bill [D-IL-11]
IL • D
Sponsored 8/20/2026
Rep. Gottheimer, Josh [D-NJ-5]
NJ • D
Sponsored 8/20/2026
Rep. Casten, Sean [D-IL-6]
IL • D
Sponsored 8/20/2026
Rep. Liccardo, Sam T. [D-CA-16]
CA • D
Sponsored 8/20/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov