Stop Corrupt Trading Act

This bill would make it a federal crime for the President, the Vice President, or businesses they or their immediate family control to sell or trade nonpublic information they learn through their office for financial gain. It would also bar any other person from buying, selling, or trading such information for financial gain. Violations could bring fines of up to double the value of the deal, and for the President, Vice President, and their businesses, up to 5 years in prison, along with 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 6-year time limit paused while the officeholder is in office.

Full text and official record on Congress.gov

Sponsors

• Alex Padilla Democrat sponsor
• 5 cosponsors