NO PROFIT Act
Latest action (20 Aug 2026): Introduced
What this bill does
The NO PROFIT Act would create new federal rules aimed at preventing trading advantages based on early access to government officials' social media posts. It would make it unlawful for any person to buy, sell, or direct trades in securities, security-based swaps, commodities, futures, options, swaps, or speculative-information-market contracts while aware of "prioritized covered information"—material, nonpublic information obtained through special early or preferential access to a social media account controlled by a covered government official—before that information becomes generally available. It also bars knowingly passing such information to someone likely to trade on it. Separately, it would prohibit social media platforms from selling or offering such prioritized access to communications from these accounts, subject to certain exceptions (e.g., public-safety alerts, non-discriminatory data/API access).
"Covered government officials" broadly includes the President, Vice President, Members of Congress, congressional and executive branch employees, judicial officers and employees, and their immediate family members, plus a 180-day period after they leave office. The law would primarily affect investors, traders, and social media companies, with enforcement by the SEC (for securities) and CFTC (for commodities/derivatives), plus civil penalties enforced by the Attorney General against platforms.
The bill was introduced August 20, 2026, by Rep. Jim Himes and referred to the House Financial Services Committee, along with the Agriculture and Energy and Commerce Committees. It has not yet received a committee vote, floor vote, or further action.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on August 20, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does H.R. 10125 do?
- The NO PROFIT Act would create new federal rules aimed at preventing trading advantages based on early access to government officials' social media posts. It would make it unlawful for any person to buy, sell, or direct trades in securities, security-based swaps, commodities, futures, options, swaps, or speculative-information-market contracts while aware of "prioritized covered information"—material, nonpublic information obtained through special early or preferential access to a social media account controlled by a covered government official—before that information becomes generally available. It also bars knowingly passing such information to someone likely to trade on it. Separately, it would prohibit social media platforms from selling or offering such prioritized access to communications from these accounts, subject to certain exceptions (e.g., public-safety alerts, non-discriminatory data/API access). "Covered government officials" broadly includes the President, Vice President, Members of Congress, congressional and executive branch employees, judicial officers and employees, and their immediate family members, plus a 180-day period after they leave office. The law would primarily affect investors, traders, and social media companies, with enforcement by the SEC (for securities) and CFTC (for commodities/derivatives), plus civil penalties enforced by the Attorney General against platforms. The bill was introduced August 20, 2026, by Rep. Jim Himes and referred to the House Financial Services Committee, along with the Agriculture and Energy and Commerce Committees. It has not yet received a committee vote, floor vote, or further action.
- Has H.R. 10125 become law?
- Not yet. As of 20 Aug 2026, H.R. 10125 is introduced.
- Who sponsored H.R. 10125?
- H.R. 10125 was sponsored by Rep. James “Jim” Himes [D-CT4] (Democrat-CT), with 5 cosponsors.
- What's the latest action on H.R. 10125?
- Introduced (20 Aug 2026).
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