NO PROFIT Act

The NO PROFIT Act prohibits social media platforms from selling or providing paid, early access to posts made by federal government officials and their immediate family members. It also makes it illegal for any person to buy or sell securities, commodities, or prediction market contracts while possessing this non-public information before it is available to the general public. The bill targets a wide range of officials, including the President, members of Congress, executive branch employees, and judges, as well as their spouses and dependent children. Violations by social media platforms result in civil penalties equal to the revenue earned from the unauthorized early access, while individuals who trade on this information face enforcement actions by the Securities and Exchange Commission or the Commodity Futures Trading Commission.