Stop Corrupt Trading Act

Prohibition of information misuse: The bill prevents the President or Vice President, and their associated entities, from selling or exchanging information gained from their official positions for financial benefit (Section 2(a)(3)).

Criminal accountability: The law establishes specific punishments, including fines of up to double the transaction value and potential imprisonment for up to 5 years, to deter the misuse of nonpublic information (Section 2(b)(1)(A)).

Financial recovery through forfeiture: The bill requires that any property or proceeds obtained through these illegal acts be forfeited to the United States (Section 2(b)(2)).

Civil enforcement and penalties: The Attorney General is authorized to bring civil actions to recover profits through disgorgement and to impose civil penalties of up to $250,000 or three times the amount of the gain (Section 2(d)(1)).

Transparency and Oversight: The Director of the Office of Government Ethics is required to refer credible evidence of misconduct to the Attorney General and notify Congressional Judiciary Committees (Section 2(d)(5)).

Financial liability for third parties: Any person who knowingly provides anything of value in a transaction involving nonpublic information can be held jointly and severally liable for civil remedies (Section 2(d)(4)).

Significant civil penalties: Individuals or entities found in violation could face high civil penalties, specifically up to $250,000 or three times the amount of the gain or payment made (Section 2(d)(1)(B)).