Stop Corrupt Trading Act

The Stop Corrupt Trading Act creates a new federal criminal offense prohibiting the President and Vice President from selling or exchanging nonpublic information gained through their official positions for financial benefit. The bill also makes it illegal for any other person to purchase, sell, or exchange such information with these officials or their closely associated entities. Violations can result in criminal penalties including fines of up to double the transaction value and imprisonment for the President or Vice President, while third parties face significant fines and mandatory forfeiture of proceeds derived from the illicit transactions. Additionally, the Attorney General is authorized to pursue civil actions against violators to recover profits and impose further financial penalties, with a specific requirement for the Office of Government Ethics to refer credible evidence of such conduct to the Justice Department.