Stop Corrupt Trading Act

This bill would make it a federal crime for the President, the Vice President, or businesses they control or hold at least a 5 percent stake in to sell or trade nonpublic information gained through their office for financial benefit. It would also bar any other person from buying, selling, or trading such information for financial benefit. Penalties would include fines of up to double the value of the transaction, prison of up to 5 years for the President, Vice President, and their businesses, and forfeiture of proceeds. The Attorney General could also sue in civil court to recover profits and seek penalties of up to $250,000 or three times the gain, with the time limit for suing paused while the official holds office.

Full text and official record on Congress.gov

Sponsors

• Andrea Salinas Democrat sponsor
• 6 cosponsors