Bill · S. 2877· Senate(119-S-2877)
No Stock Act
- Introduced
- 9/18/2025
- Last activity
- 9/18/2025 — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Sponsored by
- Kirsten Gillibrand
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The "No Stock Act" aims to ban stock trading for specific senior government officials. These individuals include Members of Congress, the President, the Vice President, Supreme Court Justices, and certain Federal Reserve officials, along with their spouses and dependent children. The bill prohibits these individuals from holding or transacting in covered financial interests like securities, commodities, or digital assets. It also bars them from serving as officers or members of boards for for-profit entities. To comply, officials must divest certain holdings within a specific timeframe.
Yes
Does this make what the government does easier for the public to see?+5
The bill requires supervising ethics offices to publish extension requests and decisions on a public website.
Does this give people more protection from unfair business practices?+3
The bill limits potential insider trading and conflicts of interest by senior government officials.
The opposite
Would people with substantial wealth be better off under this?-4
The bill forces the mandatory divestiture of various financial assets held by high-ranking officials and their families.
Would children be better off under this?-2
The bill restricts the financial interests of dependent children of senior officials.
Would people with disabilities be better off under this?-1
The bill imposes financial restrictions on the families of senior officials, including those with potential disabilities.
Who it would affect, and how
Potential Positive Impacts for People
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Prevention of Conflicted Interests: The bill bans covered individuals from holding, purchasing, or selling covered financial interests, which includes securities, futures, commodities, and digital assets (Section 2, Sec. 13161 and Sec. 13162).
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Restrictions on Corporate Leadership: Covered individuals are prohibited from serving as officers or members of any board for any for-profit association, corporation, or other entity (Section 2, Sec. 13162(b)).
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Transparency through Public Disclosure: Supervising ethics offices are required to make certain requests for extensions and the decisions regarding those requests available to the public on a website (Section 2, Sec. 13165).
Potential Negative Impacts for People
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Mandatory Divestiture: Covered individuals must sell their covered financial interests within a 120-day period after becoming a covered individual or after the act is enacted (Section 2, Sec. 13163(a)).
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Financial Penalties for Non-compliance: Individuals who knowingly fail to comply with the restrictions face a fine of at least 10 percent of the value of the prohibited financial interest or position (Section 2, Sec. 13166).
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Restrictions on Inherited Assets: If a covered individual inherits a covered financial interest after the initial divestiture period, they are required to sell it within a 120-day period (Section 2, Sec. 13163(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.
- Demographic And Interest Groups
- Good For High Net Worth Individuals-4Good For Children-2Good For People With Disabilities-1
- Governance And Ideology
- Improves Government Transparency+5
- Economy And Finance
- Improves Consumer Protection+3
- 9/18/2025
- Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- Introduced in Senate
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.