Bill · H.R. 10125· House(119-HR-10125)
NO PROFIT Act
- Introduced
- 8/20/2026
- Last activity
- 8/20/2026 — Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Sponsored by
- James Himes
- Cosponsors
- - 5 - 0
- Introduced
- In Committee
What this bill would do
The NO PROFIT Act prohibits the purchase or sale of securities, commodities, or other financial instruments while in possession of material information obtained through "prioritized access" to social media accounts controlled by government officials. It targets the unfair advantage gained when certain individuals receive government communications before they are available to the general public. The bill defines covered officials broadly, including the President, Members of Congress, and various executive and judicial employees. It also prohibits social media platforms from knowingly offering or selling this prioritized access. Additionally, the Act empowers the SEC and CFTC to enforce these prohibitions and issue necessary rules.
Yes· 3 of 6
Does this make what the government does easier for the public to see?+7
The bill promotes transparency by ensuring government communications are available to the public via standard interfaces.
Does this put more rules on large technology companies?+6
The bill regulates how social media platforms handle access to government information.
Does this give people more protection from unfair business practices?+5
The bill enhances market fairness by preventing individuals from exploiting information advantages.
The opposite· 3 of 4
Would high-income households be better off under this?-2
The bill may restrict certain informational advantages used by high-net-worth individuals.
Would people with substantial wealth be better off under this?-2
The bill targets the ability to trade on nonpublic information obtained through preferential access.
Would the very wealthiest people be better off under this?-2
The bill limits specific informational advantages.
Who it would affect, and how
Potential Positive Impacts for People
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Fairer Trading Opportunities: By prohibiting transactions based on "prioritized covered information," the bill aims to prevent people from using unfair timing advantages to trade in securities, commodities, or speculative markets (Section 3(a)).
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Increased Transparency and Equality: The ban on social media platforms offering "prioritized access" ensures that communications from government officials are made "generally available" to all ordinary users through standard, no-cost interfaces (Section 2(5) and Section 4(a)).
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Strict Accountability for Information Advantages: The bill removes the need to prove a breach of a "fiduciary duty" or "relationship of trust" to establish a violation, making it easier to hold individuals accountable for using material information gained through prioritized access (Section 3(c)).
Potential Negative Impacts for People
-
Compliance and Regulatory Burdens: The bill requires the SEC and the Commodity Futures Trading Commission to jointly issue new rules within 180 days, which creates a new regulatory framework for these agencies to manage (Section 3(f)).
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Financial Penalties for Platforms: Social media platforms that violate the prohibition on offering prioritized access could be forced to pay civil penalties equal to the total revenue received from that access (Section 4(b)(1)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+7Increases Federal Power+3
- Education And Technology
- Increases Big Tech Regulation+6
- Economy And Finance
- Improves Consumer Protection+5
- Demographic And Interest Groups
- Good For Low Income Households+4Good For Middle Class Households+4Good For Billionaires-2Good For High Income Households-2Good For High Net Worth Individuals-2Good For Ultra High Net Worth Individuals-2
- 8/20/2026
- Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 5 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Sean CastenDemocrat · Illinois
Bill FosterDemocrat · Illinois
Josh GottheimerDemocrat · New Jersey
Sam LiccardoDemocrat · California
Brad ShermanDemocrat · California